Business

Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even though it is uncertain when its grounded Boeing 737 MAX jets will return to service.

Starbucks Corp beat Wall Street estimates for quarterly sales at established cafes on Thursday, as higher prices and customer orders powered a strong growth in the United States, its largest market.

T-Mobile US Inc on Thursday beat Wall Street's first-quarter estimates for net new phone subscribers who pay a monthly bill, aided by its competitively-priced wireless plans aimed at fending off its bigger rivals.

The U.S. Federal Aviation Administration said Thursday it is inviting top civil aviation officials from around the world to a May 23 meeting to discuss the now-grounded Boeing 737 MAX.

The S&P 500 ended Thursday's session slightly lower as a dive in industrials stocks and concerns about slowing global growth overshadowed gains in Facebook Inc and Microsoft Corp.

Morgan Stanley will pay $150 million to settle charges it misled two large California public pension funds about the risks of mortgage-backed securities they bought in the years leading up to the 2008 global financial crisis.