Fitch US downgrade followed protocols, despite timing questions
By David Lawder and Davide Barbuscia WASHINGTON When Fitch Ratings dropped its bombshell downgrade of the U.S. credit
2023-08-05 04:29
Ex-Goldman Banker Roger Ng Gets 30-Day Delay to 1MDB Prison Sentence
Former Goldman Sachs Group Inc. banker Roger Ng was granted a last-minute postponement of his 10-year prison sentence
2023-08-04 23:58
Italy Football Clubs Post €1.4 Billion Loss Despite Buyer Spree
Italian football clubs recorded the worst cumulative loss in fifteen years — even after international investors injected millions
2023-08-04 19:30
Explainer-Moody's latest views on the US government: The last triple-A standing
By Davide Barbuscia NEW YORK Moody's remains the last of the three major credit rating agencies to maintain
2023-08-04 18:22
GSK’s Nigerian Unit to Close Down, Return Cash
GlaxoSmithKline Consumer Nigeria Plc, the second-biggest drug firm in the West African nation, will cease operations after its
2023-08-04 16:52
Apple's sales fall for the third consecutive quarter
Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue for the world's most valuable company.
2023-08-04 05:55
Amazon sales surged 11% in the second quarter
E-commerce behemoth Amazon increased its net sales 11% to $134.4 billion in the second quarter as analysts monitor consumer spending in both the cloud and retail markets.
2023-08-04 04:20
Warner Bros. Discovery trims costs and losses but misses forecasts
Warner Bros. Discovery reported a larger-than-forecast loss in the second quarter, but the loss was narrower than a year ago.
2023-08-03 22:50
Yeezy stock sales improve outlook for Adidas
Adidas upgraded its earnings outlook for the year Thursday, in part because of demand for the company's remaining stock of its discontinued Yeezy merchandise.
2023-08-03 18:21
Fitch downgrades Fannie Mae, Freddie Mac after US rating cut
Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default
2023-08-03 06:48
Yellen says Fitch downgrade 'entirely unwarranted' amid US economic strength
MCLEAN, Virginia U.S. Treasury Secretary Janet Yellen on Wednesday voiced more objections to Fitch Ratings' downgrade of the
2023-08-03 01:49
Airbus unveils order for 75 A321neo jets from Wizz Air
PARIS Airbus said on Wednesday that it had won an order from Wizz Air for 75 additional A321neo
2023-08-03 00:15