Category: Business

Brazilian planemaker Embraer SA(EMBR3.SA)on Friday forecast positive annual cash flow for the first time since 2017, lifting its shares despite a third-quarter loss. Embraer reported a net loss of $45 million in the third quarter, improving from a loss of Read more

Prosecutors in southern Italy have opened an investigation into the supply of parts to Boeing (BA.N) by Manufacturing Process Specification (MPS), a company at the centre of latest snags on the 787 Dreamliner, three people familiar with the matter said. Read more

Peloton Interactive Inc (PTON.O) on Thursday slashed its full-year sales forecast by up to $1 billion, saying demand for its exercise bikes and treadmills was slowing faster than expected as people return to pre-pandemic habits. Its shares dove 31% in Read more

Media entrepreneur Byron Allen has raised $10 billion in preferred equity and debt for his bid for U.S. regional TV station operator Tegna Inc (TGNA.N), hoping to prevail over a rival offer from investment firms Apollo Global Management Inc (APO.N) Read more

Amazon.com (AMZN.O) is seeking approval from U.S. communications regulators to deploy more than 4,500 additional satellites as part of the company’s effort to deliver broadband internet to areas around the world that lack high-speed service. Amazon had said previously it Read more

Sports betting company DraftKings Inc (DKNG.O) shelved its $22 billion buyout of British rival Entain Plc (ENT.L) last month to focus on its core U.S. market, Chief Executive Officer Jason Robins said on Friday. The deal would have kick-started DraftKings’ Read more

The dollar was on course for a second straight week of gains against major peers on Friday, ahead of a key U.S. jobs report that could sway the timing of Federal Reserve interest rate increases. Sterling headed for its worst Read more