Recent Posts

Fed says growth still modest or moderate

Bloomberg Optimism over prospects for growth at US firms has begun to fade even as a majority of Federal Reserve districts continued to report modest to moderate economic expansion in recent weeks. “Most districts reported that firms remained positive,” according to a Federal Reserve report. “However, optimism has waned in some as contacts cited increased uncertainty from impacts of tariffs, ...

Read More »

‘Credit Suisse to buy back stock, boost dividend’

Bloomberg Credit Suisse Group AG will announce a share-buyback program worth “billions” and increase its dividend at an investor day this week, newspaper SonntagsZeitung reported, without saying where it got the information. There’s pressure on Chief Executive Officer Tidjane Thiam to follow in the footsteps of Sergio Ermotti, head of rival UBS Group AG, and use his own money to ...

Read More »

Bombardier sees shift to ‘growth cycle’ on luxury jet

Bloomberg Bombardier Inc., which has been reeling from a weaker cash-flow forecast and a heavy debt load, says it’s about to transition to a new phase of sales growth. The Global 7500 luxury jet, which will debut in the coming days, will add at least $2.5 billion a year in revenue by 2020, Bombardier said in a presentation. The company ...

Read More »
Send this to a friend