New York CNN — Hawaiian Electric Industries’ stock plummeted more than 30% Tuesday after S&P Global downgraded the company’s credit rating to
Tag: iab-business operations
FDIC Chair Martin Gruenberg calls for tougher regulations on large regional banks
Washington, DC CNN — The chair of the Federal Deposit Insurance Corporation wants more aggressive oversight of large regional banks. Martin Gruenberg
Toyota recalls Tundra models in largest recall this year
New York CNN — Toyota has issued a voluntary recall for certain 2022 and 2023 Tundra and Tundra Hybrid trucks in its
Supreme Court blocks $6 billion Purdue Pharma opioid settlement and will hear case this fall
CNN — The Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called
UPS says its profit will fall after it reaches a Teamsters deal. Its stock is sinking sharply
New York CNN — UPS reported a sharp drop in revenue and profit in the second quarter. The company also cut its
Apple’s sales fall for the third consecutive quarter
CNN — Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third
Amazon’s stock surges as profit jumps and sales jump
New York CNN — Amazon’s sales boomed on strong demand in the second quarter for all of its copious products, from Prime
Asian markets tumble as Fitch downgrades US debt rating
Hong Kong CNN — Asian markets fell broadly Wednesday after ratings agency Fitch downgraded its US debt credit rating from the highest
Fitch downgrades US long-term credit rating to AA+ from AAA
CNN — Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration
Regal owner Cineworld emerges from bankruptcy
London CNN — The owner of Regal Cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off
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