Boeing Co. is aiming to launch its first Starliner mission to the International Space Station in February 2023, according to statements made on Thursday by Boeing and NASA officials as the aerospace company approaches the end of a pricey and protracted development process. A similar test flight in 2019 was cut short by software issues,…

An Exxon spokesperson confirmed on Friday that the company has reached an agreement with Flywheel Energy to sell natural gas properties in Arkansas to the privately held American oil and gas producer. With the sale of its Fayetteville Shale assets, Exxon will be one step closer to reaching its goal of offloading $15 billion in…

Energy giant Shell has received a fine of over £500,000 for overcharging thousands of customers with pre-payment meters since the government had introduced the energy price cap in 2019. Due to “operational errors,” the home energy provider for the oil giant failed to update meters with new rates. Ofgem said: “Overcharging by suppliers can cause additional and…

Despite a surplus of inventory and weak sales of out-of-date clothing, Gap Inc. reported a surprise quarterly profit on Thursday due to demand for dressier clothing under its Banana Republic brand. As more people go out to social events and offices, people are choosing suits, dresses, and skirts over casual clothing. Demand for affordable luxury,…

The stocks of Affirm Holdings Inc., the buy-now-pay-later lender, were hit following the firm predicting its revenues for the full year of 2022 well below the expectations of Wall Street. There was an 11 per cent drop in the stocks of the company in morning trading on Friday, highlighting the wider decline in the fortunes…

With regard to the first COVID-19 vaccine accepted in the United States, Moderna has filed a law suit against Pfizer and its German partner BioNTech over patent infringement, claiming that they appropriated technology that Moderna had developed years prior to the latest pandemic. Prior to the bell, Pfizer stock dropped 1.4 per cent, while BioNTech fell about 2 per…

In its fiscal fourth quarter, Peloton, a maker of connected fitness equipment, reported widening losses and declining sales on Thursday. The company is attempting to win back investors by making cost reductions and strategic changes. A day after the stock soared more than 20% on news of its partnership with Amazon, shares fell more than…

The PlayStation 5 game console’s recommended retail price was increased by Sony on Thursday in a number of international markets, citing the challenging global economy and high inflation. The price increases took effect immediately, with the exception of Japan, where they started on September 15. Sony won’t be raising the PS5’s price in America. “The…

As consumers splurged on upscale skin care and fragrances without being deterred by inflation-induced higher prices, Coty Inc. on Thursday exceeded Wall Street expectations for fourth-quarter revenue. After falling 30% this year, the company’s shares were up about 4% in premarket trading. The “lipstick effect,” where higher-income consumers indulge in smaller luxuries because their plans…

Due to ongoing logistical and supply chain issues, Honda Motor Co. announced on Thursday that it would cut its production plans by up to 40% in Japan at the beginning of September. Even Japanese automakers have been cautiously optimistic about the news that the chip shortage that led to repeated production reductions is subsiding. Early…