Credit Suisse lowers profit targets as investment bank heads into the red

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Credit Suisse lowers profit targets as investment bank heads into the red

ZURICH (Reuters) – A year after completing a major restructuring, Credit Suisse’s (CSGN.S) Chief Executive Tidjane Thiam has cut the Swiss bank’s profitability targets for this year and next, blaming a drop in dealmaking, negative interest rates and global …
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Major trucking co. Celadon files for bankruptcy; thousands of jobs lost

INDIANAPOLIS, Ind. (WISH/CNN) – One of the largest trucking companies in the U.S. has filed for Chapter 11 bankruptcy and plans to shut down nearly all of its business operations. Celadon Group, based in Indianapolis, filed for bankruptcy early Monday …
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WATCH LIVE: Blue Origin rocket launch

WEST TEXAS – A Blue Origin rocket is scheduled to launch early Wednesday morning. The launch is set to take place around 9 a.m.. The launch was postponed Tuesday due to weather conditions. Blue Origin is Jeff Bezos’ space venture. Copyright 2019 by …
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US inflation firms in November; Fed seen on hold

WASHINGTON (Reuters) – U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times …
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Austin's LeanDNA Raises $15 Million For AI-Driven Factory Management Platform

Factories have been somewhat left behind in the innovation world, but one Austin-based company is taking advantage of that to capitalize on increasing productivity. Subscribe to the Crunchbase Daily · LeanDNA, an Austin, Texas-based prescriptive analytics …
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