Category: Business

Though the Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, offered cautious optimism that job growth could regain speed as coronavirus vaccines become accessible to large swaths of the population, unemployment remains pervasive. The economy shed jobs in December for the first time in eight months following renewed outbreaks of the […]

Bitcoin powered to a record high on Tuesday, approaching the $50,000 mark, basking in the afterglow of Elon Musk-led Tesla’s investment in the cryptocurrency that had investors believing it may become a mainstream asset class. The most popular cryptocurrency BTC=BTSP has gained 1,150% since its March 2020 lows, as institutional investors searched for alternative investments […]

EU antitrust regulators have suspended their investigation into Aon’s $30 billion bid for Willis Towers Watson while they wait for the U.S. insurance broker to provide data required for the case. The European Commission, which kicked off its probe in December because of concerns the deal to create the world’s largest insurance broker may hurt […]

Eli Lilly and Co said on Tuesday Chief Financial Officer Josh Smiley had resigned after allegations about a personal relationship sparked an investigation that found “inappropriate personal communication” with some company employees. The Indianapolis-based drugmaker said it immediately hired external counsel to conduct an independent probe after it was made aware of the allegations. The […]

Boeing delivered 26 aircraft in January, boosted by the clearing of the 737 MAX jet to fly again after a 20-month ban as it also won four new orders for its 747-8 freighters. MAX deliveries are seen as central to Boeing’s financial recovery in 2021 after a sharp slump in demand for its bigger, more […]

General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built. GM’s U.S. rival Ford Motor Co also said Tuesday that it was in limited cases parking partly […]

The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange Inc-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal. NYSE President Stacey Cunningham said she and 25 other representatives of New York’s securities industry sent […]