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United reshuffles management as it prepares for uncertain recovery

United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees on Wednesday, as restrictions to keep the coronavirus from spreading are lifted.



5 years ago

Boeing resumes 737 MAX production at low rate

Boeing Co on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a "low rate" after halting production in January following two crashes that killed 346 people.



5 years ago

Oil slides on U.S.-China tensions, OPEC+ uncertainty

Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts.



5 years ago

NCFA Response to CSA on NI 45-110 Startup Crowdfunding Harmonization Rules

NCFA Canada | Craig Asano | May 27, 2020 NCFA SUBMISSION TO CSA ON PROPOSED HARMONIZED RULES FOR START-UP SECURITIES CROWDFUNDING (NI 45-110) The Canadian Securities Administrators (CSA) are seeking comments on proposed harmonized rules for start-up securities crowdfunding by 27 May 2020. The National Crowdfunding and Fintech Association of Canada (NCFA) welcomes this initiative.

5 years ago

Wall Street rises with economic hopes; bank stocks jump

U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.



5 years ago

Trump will sign an executive order on social media companies: White House spokeswoman

U.S. President Donald Trump will sign an executive order shortly regarding social media companies, a White House spokeswoman said on Wednesday.



5 years ago

Exxon shareholders soundly reject splitting CEO/chairman roles

Exxon Mobil Corp shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive's roles at the oil major's shareholder meeting on Wednesday.



5 years ago

JPMorgan's investment banking head: quarterly revenues tracking 50% up from 2019

JPMorgan Chase & Co's head of its corporate and investment banking division said second-quarter revenues for its markets unit are on track to be up more than 50% higher than the same period last year, thanks to extremely strong fixed income and equities trading revenues.



5 years ago

Carl Icahn exits Hertz with 'significant' loss

Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a "significant loss", days after the car rental pioneer filed for bankruptcy protection.



5 years ago

Nissan Motor to close Barcelona plant: El Pais

Japan's Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.



5 years ago

Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.



5 years ago

Trump to sign executive order on social media on Thursday: White House

U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices.



5 years ago

U.S. state of Arizona files consumer fraud lawsuit against Google

Arizona on Wednesday filed a consumer fraud lawsuit against Alphabet Inc's Google alleging that the company used "deceptive" and "unfair" practices to obtain the location data of users.



5 years ago

NCFA Response to CSA on NI 45-110 Harmonized Securities Crowdfunding Rules

NCFA Canada | Craig Asano | May 27, 2020 NCFA SUBMISSION TO CSA ON PROPOSED HARMONIZED RULES FOR START-UP SECURITIES CROWDFUNDING (NI 45-110) The Canadian Securities Administrators (CSA) are seeking comments on proposed harmonized rules for start-up securities crowdfunding by 27 May 2020. The National Crowdfunding and Fintech Association of Canada (NCFA) welcomes this initiative.

5 years ago

Facebook's Zuckerberg says government censoring social media not the 'right reflex'

Facebook Inc's Chief Executive Officer Mark Zuckerberg, commenting on U.S. President Donald Trump's threats against social media companies, said on Wednesday censoring a platform would not be the "right reflex" for a government worried about censorship.



5 years ago