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CEO of Europe defense company says region faces ‘wake-up call’ to boost spending

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Countries have to start building capabilities and replenish stockpiles, said CEO of Swedish defense contractor Saab.

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GE Aerospace’s stock sinks as total sales beat, but commercial engines miss

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GE Aerospace beats earnings expectations but its largest business, commercial engines, missed revenue expectations and the stock pulled back from a 17-year high

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This AI stock just got downgraded after a 130% rally for the year

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Coherent’s transceivers have proved useful for data-center connectivity, but a Rosenblatt analyst sees several factors that could stall the stock’s run.

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HSBC to split U.K. and Hong Kong banking arms into two separate units

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HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said

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