Qatar Airways and British Airways complete expansion of airline joint business

New Delhi, Sep 27 (IANS) Qatar Airways and British Airways have completed the latest phase in the expansion of their partnership, offering global connectivity between more countries than any other airline joint business. The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore and Sweden, giving passengers enhanced … Read more

More than 1 in 2 senior business executives see recession looming: Report

New Delhi, Sep 24 (IANS) More than one in two senior business executives globally (59 per cent) believe there will be a recession in the coming year, according to an IDC survey. Moreover, nearly 30 per cent of those who believe a recession will occur also believe that we are currently in a recession, with … Read more

US Business Activity Gauge Improves, But Still Shows Contraction

(Bloomberg) — US business activity contracted in September for a third-straight month, though at a more moderate pace as a pickup in orders and a further softening of inflation allayed concerns of a more-pronounced pullback. The S&P Global (NYSE:) flash composite purchasing managers output index increased 4.7 points to a three-month high of 49.3, the … Read more

HP Inc. Price Target Cut at Bernstein on Worries Over Printer Supplies Business By

© Reuters. By Sam Boughedda  A Bernstein analyst lowered the price target of HP Inc. (NYSE:) to $30 from $40, telling investors in a note Tuesday that printer supplies are the key driver of the company’s financials. The analyst, who has a Market Perform rating on the stock, added, “they historically generated nearly 100% of total … Read more

Virgin Galactic Slips as Bernstein Cuts to Underperform, Analyst Less Certain Business Will Succeed By

© Reuters By Senad Karaahmetovic Shares of Virgin Galactic (NYSE:) are down 4% today after Bernstein downgraded to Underperform from Market Perform with a $4 per share price target, down from $7.00. An analyst said the rating cut was fueled by the continuous delay of future flight operations, maintenance work on the platform, and a … Read more

The Carlyle Group Management Change Could Adversely Impact Business

© Reuters. By Sam Boughedda The Carlyle Group (NASDAQ:) was downgraded to Underperform from Buy, with its price target lowered to $33 from $58 per share by a BofA Securities analyst. In his note, the analyst explained that the downgrade was driven by a “reduction to their distributable earnings estimates (2023E/24E: $3.86/3.83 per share from … Read more