Fasten seatbelts: Norwegian Air's battle for survival

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Fasten seatbelts: Norwegian Air's battle for survival

(Reuters) – After growing rapidly to become Europe’s third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air (NWC.OL) is fighting for its survival after racking up debts and liabilities of close to $8 billion …
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Elon Musk Said Tesla's Stock Price Is Too High. What History Says Happens Next.

Elon Musk made headlines Friday after he tweeted that Tesla’s share price was too high—a strange for a chief executive to do, panning his own stock. His tweet hit Tesla (ticker: TSLA) shares, which fell $60 dollars after the revelation. It closed down more than …
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Wirecard CEO Resists Calls to Quit, Plans Business Overhaul

… control systems including how it reports and punishes compliance violations and dealings with business partners,” Braun told Bloomberg News late
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SABIC posts first-quarter loss, suspends most capex spending as coronavirus bites

RIYADH/DUBAI (Reuters) – Saudi Basic Industries Corp (2010.SE), the world’s fourth-biggest petrochemicals company, suffered a second consecutive quarterly loss and said it will suspend all capital expenditures barring those for late-stage projects and …
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Dow futures drop 300 points to start the week, airline stocks fall on Buffett sale

Stock futures fell early Monday morning as traders weighed the reopening of the economy along with brewing tensions between China and the U.S.. Dow Jones Industrial Average futures fell 300 points, or 1.2%, pointing to an opening decline of more than …
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