Results from the four largest U.S. companies by market value highlight a busy week of corporate earnings and could help determine whether the stock market can sustain its recent rally.…
Category: Business
Elon Musk asks judge to start Twitter trial on Oct. 17
Elon Musk asked a judge to schedule a five-day trial beginning Oct. 17, not Oct. 10 as requested by Twitter Inc (TWTR.N), to resolve his bid to walk away from…
GE posts higher earnings on recovery in aviation industry
General Electric Co (GE.N) on Tuesday surprised Wall Street with higher quarterly profit and positive cash flow as recovery in the aviation industry propelled its jet engine business, sending its…
Liberty Oilfield adding fleets, sees North American oil output rising
Liberty Oilfield Services (LBRT.N) said on Tuesday it will increase the number of hydraulic fracturing fleets it runs in early 2023 to the low forties, from the mid-thirties currently, as…
U.S. House delays consideration of stablecoin bill
A key regulatory panel will delay consideration of a broad stablecoin regulation bill for several weeks amid banking industry pushback and late tweaks to certain provisions, according to sources familiar…
U.S. opens new safety probes into Stellantis, GM, Ford vehicles
The U.S. auto safety agency said Tuesday it was opening five investigations into more than 1.8 million Stellantis (STLA.MI), Ford Motor (F.N) and General Motors vehicles over stalling and other…
3M to spin off healthcare business, earplugs unit seeks bankruptcy protection
3M Co (MMM.N) on Tuesday disclosed plans to spin off its healthcare business into a listed company, joining a raft of U.S. manufacturers looking to simplify their business and boost…