Argentina's US$65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country's longer-term economic future, rating agencies told Reuters on Thursday.
AbbVie Inc has agreed to pay US$24 million to settle a lawsuit that alleged insurance fraud by the drugmaker in promoting its blockbuster drug Humira, California's insurance regulator said on Thursday.
The U.S. Senate on Thursday unanimously approved a bill from Senator Josh Hawley banning federal employees from using video-sharing app TikTok on government-issued devices, amid threats from the White House to ban the company.
Airbus SE was sued on Thursday in a U.S. court by shareholders accusing the plane maker of securities fraud for making false and misleading statements about its business and having disclosure shortfalls over nearly 4-1/2 years.
Airbus delivered 49 aircraft in July, up from 36 in June as it continues to recover from a slump in deliveries during this year's coronavirus lockdowns, the company said on Thursday.
Shares of Rocket Companies Inc rose 10per cent following their New York debut on Thursday, after the parent company of U.S. mortgage lender Quicken Loans sold shares to investors in its US$1.8 billion initial public offering (IPO).
U.S. retail foot traffic is slackening and growth in the number of shifts worked by hourly employees has ground to a halt, a clutch of high-frequency data showed this week, offering the latest evidence the economic recovery that appeared so promising two months ago is rapidly losing momentum.
Shares of Rocket Companies Inc rose 10per cent following their New York debut on Thursday, after the parent company of U.S. mortgage lender Quicken Loans sold shares to investors in its US$1.8 billion initial public offering (IPO).
Twitter Inc will label the accounts of state-affiliated media outlets, their senior staff and some key government officials, the company said in a blog post on Thursday.
Fashion giant H&M said on Thursday it has suspended a number of employees over the use of a racial slur relating to the name of a hat to be sold at stores of its & Other Stories brand.
