No Image

Lyft’s IPO oversubscribed on road show’s second day: sources

March 19, 2019@5:27 PM TFP Editor 0

Lyft Inc’s initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is seeking, people familiar with the matter said on Tuesday. Read on Reuters

No Image

Trump taps former Delta executive to head aviation regulator

March 19, 2019@4:59 PM TFP Editor 0

U.S. President Donald Trump will nominate former Delta Air Lines executive Steve Dickson to head the Federal Aviation Administration (FAA), the White House said on Tuesday, as the aviation agency grapples with fallout from two fatal crashes in Boeing airplanes. Read on Reuters

No Image

FedEx cuts 2019 forecast again, shares drop 5 percent

March 19, 2019@4:32 PM TFP Editor 0

FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group. Read on Reuters

No Image

Wall Street gives up gains on news of troubled trade talks

March 19, 2019@4:21 PM TFP Editor 0

The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Read on Reuters