Airbus workers protest against job cuts

2020-07-08

  Reuters. Airbus logo at the entrance to the Airbus facilities in Bouguenais TOULOUSE, France (Reuters) – Workers at Airbus (PA:) began a brief strike Wednesday to protest plans to cut 15,000 jobs in response to the coronavirus crisis, which has reduced demand for jets as airlines face a dropRead More →

Asian markets mixed after China cuts loan prime rate

2020-02-19

Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →

UBS cuts mid-term guidance after missing 2019 targets

2020-01-20

UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the Swiss bank UBS, -0.45% UBSG, +0.55%  , one of the world’s largest wealth managers for rich clients, is revamping its investment bank and wealth management arms, shedding jobs and reorganizingRead More →

FedEx cuts 2020 profit forecast – again

2019-12-17

© Reuters. A Federal Express Ground truck travels down a highway through Carlsbad, California By Lisa Baertlein (Reuters) – FedEx Corp (NYSE:) on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays, the continued tariff fight restrainedRead More →

Tullow Oil cuts guidance for oil production and CEO resigns

2019-12-09

Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company TLW, -58.67%  said that despite a solid financial performance, it expects net production inRead More →