Airbus SE will further increase production of its advanced A350 widebody jet as the planemaker benefits from surging demand for long-distance travel and the crisis engulfing arch-rival Boeing Co.The European planemaker is moving to a rate of 12 A350 jets a month by 2028, superseding previous plans to reach 10 by 2026, it said as … Read more
A former senior Post Office executive gave “false” evidence to the high court about the ability of the Horizon IT system to be accessed remotely, a public inquiry has heard. Angela van den Bogerd, who was business improvement director at the postal company, was asked about testimony she gave in 2018 in a lawsuit brought … Read more
Jerome Pesenti has a few reasons to celebrate Meta’s decision last week to release Llama 3, a powerful open source large language model that anyone can download, run, and build on. Pesenti used to be vice president of artificial intelligence at Meta and says he often pushed the company to consider releasing its technology for … Read more
America’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years. But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. The Dow Jones industrial average had fallen 1.8% by late … Read more
Apr 25, 2024, 04:52:15 PM IST In its latest examination, ETMarkets focused on stocks where significant institutional investors, like MFs and FIIs, have been reducing their stakes. Among BSE-listed stocks with a market capitalisation exceeding Rs 1,000 crore, approximately six stocks saw a decline in MFs and FIIs ownership in each of the past three … Read more
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines is weighing changes to its cabin that could involve abandoning its single-class, open-seating system in order to drive up revenue, CEO Bob Jordan said told CNBC Thursday. … Read more
The nation’s economy slowed last quarter, growing at an annual rate of 1.6 per cent in a sign that the high interest rates may be taking a toll on borrowing and spending. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services – decelerated from … Read more
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy leases, but it’s also sought a buyer in recent months, people familiar … Read more
The Comcast logo is displayed on a tablet. Igor Golovnov | SOPA Images | Lightrocket | Getty Images Comcast beat first-quarter earnings expectations on Thursday as broadband drove revenue even as the company and its peers have seen customer growth slow. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG: Earnings … Read more
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday reported first-quarter revenue that topped expectations as its blockbuster blood thinner Eliquis and several new drugs posted sales growth. But the pharmaceutical company … Read more
