Five things to know about Reddit
Wall Street will see one of the year's most highly anticipated IPOs this week, when the nearly two decade old social media platform Reddit goes public, set for Thursday.
Mar 21, 2024
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Page 26 - News tagged with share
Business
European airlines, facing jet delivery delays, see profits soar
Europe's aviation industry is extending its bounceback from the COVID pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits Thursday.
Feb 29, 2024
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Business
Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million
Alaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline's planned growth.
Jan 25, 2024
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Business
Delta reports profit jump but lowers earnings forecast
Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday.
Jan 12, 2024
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Business
Blackstone acquires pet care app Rover in $2.3 billion all-cash deal
Private equity giant Blackstone will acquire the pet care app Rover in an all-cash deal valued at $2.3 billion, the companies announced Wednesday.
Nov 29, 2023
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Business
S&P says sharing office space giant WeWork in 'selective default'
Embattled flexible workspace provider WeWork is in "selective default" after failing to meet conditions set by debt holders, ratings agency S&P said Wednesday.
Nov 2, 2023
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Business
Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue
Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers.
Oct 25, 2023
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Business
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One
Boeing reported a $1.64 billion loss for the third quarter as it delivered fewer of its best-selling but problem-plagued 737 Max airliner and sunk more money into building two new Air Force One presidential jets.
Oct 25, 2023
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Business
Microsoft reports higher profits and revenue powered by cloud computing and AI investments
Microsoft on Tuesday reported a 27% increase in profit for the July-September quarter compared to the same time last year, powered by growth in its cloud computing division where it has centered its investments in artificial ...
Oct 25, 2023
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Business
A busy summer pushes United Airlines to a $1.14 billion profit, but fuel cost will hurt 4Q results
United Airlines said Tuesday that it earned $1.14 billion in the vacation-heavy third quarter, but the airline forecast weaker profit the rest of the year due to surging jet fuel prices and the suspension of flights to Tel ...
Oct 18, 2023
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