Siemens Energy reported a reduced net loss for the third quarter as revenue rose 19%, with its wind unit continuing to recover following restructuring efforts.
Category: Business
Cathay Pacific to Buy Airbus Jets for About $11 Billion
Cathay Pacific Airways said it would buy 30 Airbus aircraft for about $11 billion and has the option to buy an additional 30 jets.
Florida’s Space Coast Braces for Impact—From Elon Musk
SpaceX wants to launch the world’s largest and most powerful rocket dozens of times annually in an area that has gotten crowded with people and […]
Glencore to Retain Coal Assets
Glencore said it would keep its coal unit following the acquisition of Elk Valley Resources, as it unexpectedly reported a net loss for the first […]
Maersk Reports Lower Profit
Maersk on Wednesday posted a drop in second-quarter net profit, despite strong container-shipping demand in a market of supply-chain disruptions.
Commerzbank Confirms Guidance, Announces Buyback
Commerzbank announced a $656 million share buyback and confirmed its full-year guidance after its first-half results were in line with forecasts.
Tesla Recalling Cars in China Over Hood Problem
The carmaker is recalling 1.68 million cars in China to fix the same hood problem that recently affected models in the U.S.
Disney Raises Prices of Most Streaming Plans
The entertainment giant said it would raise prices for nearly all of its streaming plans and introduce “continuous playlists”—or channels showing a steady stream of […]
Elon Musk’s X Sues Advertising Group Over Boycott That Allegedly Cost the Platform Billions
The lawsuit alleges companies including CVS Health, Mars and Unilever unfairly targeted the social-media platform over safety standards.
Microsoft Says Delta’s Technology Outdated, Likely Contributed to Slow Recovery
The assertion, in a letter from a lawyer for the tech giant, is a response to Delta’s claims that exposure to Microsoft and CrowdStrike was […]