Day: April 17, 2019

Oil prices slip amid ample U.S. output, Brent drifts away from five-month high

WallStreetReview
Oil prices slip amid ample U.S. output, Brent drifts away from five-month high
TOKYO/SYDNEY (Reuters) – Oil prices dropped on Thursday as the impact of plentiful U.S. production offset a surprise decline in U.S. inventories, leaving international benchmark Brent retreating from a five-month high touched in the previous session. FILE PHOTO: A seagull flies in front of an oil platform in the Bouri Oilfield some 70 nautical miles north of the coast of... Read More

Jet Airways lenders ‘reasonably hopeful’ of successful bids for grounded airline

WallStreetReview
Jet Airways lenders ‘reasonably hopeful’ of successful bids for grounded airline
FILE PHOTO: Jet Airways aircrafts are seen parked at the Indira Gandhi International Airport in New Delhi, India, April 13, 2019. REUTERS/Anushree Fadnavis/File Photo MUMBAI (Reuters) – Lenders to India’s Jet Airways Ltd said on Thursday they are “reasonably hopeful” that the bidding process for the grounded airline will end successfully. Jet Airways, once India’s largest private airline, on Wednesday... Read More

Boeing making ‘steady progress’ on path to 737 MAX software certification: CEO

WallStreetReview
Boeing making ‘steady progress’ on path to 737 MAX software certification: CEO
WASHINGTON/CHICAGO (Reuters) – Boeing Co is making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday. FILE PHOTO: Boeing Chairman, President and CEO Dennis Muilenburg speaks during a delivery celebration of the Boeing KC-46 Pegasus aerial refueling... Read More

Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles

WallStreetReview
Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
NEW YORK (Reuters) – Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. A Pinterest Pin made of a LEGO installation is seen in this undated photo taken at Pinterest headquarters in San Francisco, California, U.S.... Read More

Asian shares edge up to nine month high, European, Japan PMIs awaited

WallStreetReview
Asian shares edge up to nine month high, European, Japan PMIs awaited
TOKYO (Reuters) – Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7,... Read More

Boeing making ‘steady progress’ on path to certifying 737 MAX software update: CEO

WallStreetReview
Boeing making ‘steady progress’ on path to certifying 737 MAX software update: CEO
FILE PHOTO: Boeing Chairman, President and CEO Dennis Muilenburg speaks during a delivery celebration of the Boeing KC-46 Pegasus aerial refueling tanker to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – Boeing Co is making “steady progress” on the path to certifying a software update to the 737 MAX and has... Read More

Pinterest raises $1.4 billion in IPO in sign of sustained demand after Lyft struggles

WallStreetReview
Pinterest raises $1.4 billion in IPO in sign of sustained demand after Lyft struggles
NEW YORK (Reuters) – Pinterest Inc said on Wednesday it raised around $1.4 billion in its initial public offering (IPO), fetching a roughly $12.66 billion valuation, above its expectations. A Pinterest Pin made of a LEGO installation is seen in this undated photo taken at Pinterest headquarters in San Francisco, California, U.S. released on April 16, 2019. Courtesy Pinterest/Handout via... Read More

Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source

WallStreetReview
Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source
(Reuters) – Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday. FILE PHOTO: A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 . REUTERS/Chris Wattie/File Photo The deal is expected... Read More