China Evergrande Drops Debt Restructuring Applications in U.S. The developer had sought a New York court s approval last August to restructure more than $19 billion in offshore debt via Chapter.
Lufthansa s Stake Acquisition in ITA Airways Could Stifle Competition, EU Says The European Union said Deutsche Lufthansa s acquisition of a minority stake in ITA Airways, the Italian carrier.
Boeing CEO Dave Calhoun to Step Down in Wake of 737 Max Struggles Calhoun is set to leave his post at the end of the year. Boeing said its chairman won t stand for re-election.
Ericsson to.
Rising Rates Make Big Companies Even Richer The Fed raised interest rates to slow the economy-but at some big companies, the moves had the opposite effect, boosting profits and spending power..