Spirit AeroSystems will tell employees that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space
Read More Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
Read More Boeing halts talks, withdraws pay offer to union as strike drags on
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
Read More Financial industry grappling with AI’s gifts and perils, executives say
Prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities.
Read More Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
Morgan Stanley’s first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management.
Read More Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners.
Read More Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders