China weight on merge of two largest security brokers

The share price of New York Community Bancorp, a large US bank, fell by 36%. This decline followed the release of the earnings report and the decision to significantly reduce the dividend (from the planned $0.17 per share to $0.05 per share). New York Community Bancorp is the bank that acquired the assets of the failed Signature Bank in 2023. According to the latest report, it seems that this...

The Alaska Air Group is anticipating a financial setback of an estimated $150 million this year, equivalent to more than 137 million euros, due to the grounding of Boeing 737 MAX 9 aircraft. The airline made this announcement on Thursday, marking one of the initial indicators revealing the repercussions of the incident earlier this month when a door panel became detached, necessitating an...

Boombrush, a start-up, is currently entangled in a dispute with Philips over the design of an electric toothbrush. According to Philips, the product from the Dutch start-up bears a suspicious resemblance to Philips’s Sonicare DiamondClean toothbrush. A spokesperson from Philips has confirmed that the company accuses Boombrush of infringing on Philips’s design rights. Philips contends...

Boeing’s CEO, Dave Calhoun, is addressing the fallout from the recent incident in which part of the hull of a Boeing 737 Max 9 detached mid air. Calhoun assured employees in a speech that Boeing is committed to discovering the cause of the problem and emphasized the company’s willingness to learn from the mistake. Acknowledging the gravity of the situation, Calhoun promised “100...