Category: Business

“Fortnite” creator Epic Games said on Thursday Apple Inc AAPL.O has given its users an “indefinite extension” to log into the game using an Apple sign-in system. Apple and Epic Games have been in a legal tussle since August, when the maker of the popular video game launched its own in-app payment system, which was […]

NEW YORK – Global equity benchmarks slipped and U.S. government bonds rallied on Thursday as a rebound in U.S. technology stocks stalled after the European Central Bank left its stimulus program unchanged and a stimulus bill failed in the U.S. Senate. MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 1.06% following modest declines in […]

SAO PAULO – A U.S. bankruptcy judge on Thursday rejected a $2.4 billion financing plan for struggling LATAM Airlines LTM.SN on the grounds that a convertible loan included as part of the package would amount to “improper” treatment of other shareholders. The move is a setback for LATAM, which needs short-term liquidity. But in a […]

The U.S. Senate Commerce Committee on Sept. 16 will hold a hearing to consider a bill to strengthen oversight of aircraft certification following two fatal Boeing Co 737 MAX crashes. The measure seeks to eliminate the ability of aircraft makers like Boeing to unduly influence the certification process. It marks the most significant step toward […]

Peloton Interactive Inc PTON.O beat analysts’ estimates for quarterly revenue on Thursday as the exercise bike maker benefited from a surge in subscribers and demand for its fitness products during the coronavirus pandemic. Shares of the company rose 8% in extended trading as it forecast full-year revenue above Wall Street expectations. Stay-at-home stocks like Peloton […]

Oracle Corp ORCL.N signaled a recovery in client spending as remote work spurred demand for cloud services as well as traditional licensing business, helping it beat expectations for first-quarter results and sending its shares up 5% on Thursday. The COVID-19 pandemic has led to a rapid shift to remote work with companies looking to extend […]

Shares of Portland General Electric POR.N plummeted as much as 16% after media reported that the utility has received unconfirmed information that some fires in Oregon region may have been started by its electrical equipment. Portland’s stock hit its lowest level in nearly six years as investors worried about potential liabilities and drew parallels with […]