Airbus Eyes Larger A220, Launch Decision Expected This Year
Dublin: Airbus is poised to start offering airlines and leasing firms a larger version of its A220 regional jet with a view to launching development later this year, industry sources…
Packaging firm International Paper to split into two companies
International Paper said on Thursday it would split into two publicly traded companies by spinning off its European packaging business, aiming to streamline its operations and boost productivity across North…
Honeywell shares jump 4.5% on strong Q4 aerospace-led results
Honeywell reported a rise in fourth-quarter revenue and profit on Thursday, buoyed by continued strength in its aerospace unit and related aftermarket services, sending the industrial giant's shares up 4.5%.…
Nvidia, Amazon, Microsoft in Talks to Invest $60B in OpenAI, The Information reports
Nvidia, Amazon, and Microsoft are in talks to invest up to $60 billion in OpenAI, The Information reported on Wednesday. Nvidia, an existing investor whose chips power OpenAI's AI models,…
Norfolk Southern Q4 profit rises on cost cuts despite weak freight demand
Norfolk Southern reported a rise in fourth-quarter profit on Thursday on cost controls amid uneven freight demand and persistent macroeconomic strain. The results come after the U.S. Surface Transportation Board…
Ameriprise Q4 Profit Jumps 10% as AI Rally Lifts Assets to Record High
Asset and wealth manager Ameriprise Financial reported a 10% rise in its fourth-quarter profit on Thursday, as an artificial intelligence-fueled market rally boosted the value of its fee-generating assets to…
Comcast Loses More Broadband Users Than Expected as Rivals Turn Up the Heat
Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company's mainstay business. Promotional campaigns by high-speed…
Mastercard Q4 profit jumps on strong consumer spending
Mastercard posted a rise in fourth-quarter profit on Thursday, as sustained consumer spending drove up its transaction volumes. Household spending has remained resilient despite tariff-fueled uncertainty, as consumers continue to…
Blackstone tops Q4 profit estimates as dealmaking and data centers surge
Blackstone, the world's largest alternative asset manager, beat Wall Street expectations for fourth-quarter profit on Thursday, as it cashed in on heightened dealmaking activity and saw growth in its data…
Tesla to Invest $2B in Musk’s xAI, Cybercab on Track for 2026
Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI - and that production plans for its Cybercab robotaxi were on track for this…