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Markets

T-Mobile beats second-quarter phone estimates, shares jump

T-Mobile US Inc said on Thursday it added more monthly bill paying phone subscribers than expected in the second quarter, as more people used its services to stay connected and work remotely during coronavirus lockdowns.

Markets

Argentina debt deal signals upgrades but outlook tough, rating agencies say

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.

Markets

AbbVie agrees to pay US$24 million to resolve Humira California lawsuit

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.

Markets

US Senate bans TikTok on government devices

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.

Markets

Airbus shareholders sue in US, allege fraud related to disclosures

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.

Markets

Airbus adds more deliveries, breaks three-month order drought

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.

Markets

Quicken Loans parent shares jump on debut, after IPO size slashed

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).

Markets

More signs point to US economic recovery losing momentum

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.

Markets

Quicken Loans parent shares jump after New York debut

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).

Markets

Twitter labels state media, government officials’ accounts

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.

Markets

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