American Airlines-Qantas joint venture wins final U.S. approval
Fri, 19 Jul 2019 21:38:57 -0400
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to…
White House to host meeting with tech executives on Huawei ban: sources
Fri, 19 Jul 2019 20:50:04 -0400
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the…
Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ
Fri, 19 Jul 2019 20:02:51 -0400
Credit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes…
Ford to lay off around 200 workers at Canadian plant
Fri, 19 Jul 2019 18:16:47 -0400
Ford Motor Co will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario,…
Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
Fri, 19 Jul 2019 17:44:08 -0400
Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President…
Wall Street falls as Fed signals smaller rate cut
Fri, 19 Jul 2019 17:34:24 -0400
Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by…
Oil climbs as Middle East tensions offset demand worries
Fri, 19 Jul 2019 16:55:01 -0400
Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the…
Global stocks down as big rate cut hopes fade, dollar rises
Fri, 19 Jul 2019 16:45:47 -0400
A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal…
Trump: U.S. had 'very good talk' with China; in-person talks may follow
Fri, 19 Jul 2019 16:38:26 -0400
U.S. President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his…
Exclusive: J.C. Penney taps debt restructuring advisers - sources
Fri, 19 Jul 2019 16:32:32 -0400
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing…
Airbus mimics nature with 'Bird of Prey' concept plane
Fri, 19 Jul 2019 15:56:04 -0400
Airbus on Friday unveiled a concept aircraft with splayed wingtips and a fanned tail inspired by the feathers of an…
BlackRock profit misses estimates, hit by lower fees for lending stocks
Fri, 19 Jul 2019 14:35:07 -0400
BlackRock Inc , the world's largest asset manager, took in less cash last quarter as investors moved into lower-cost bond…
BlackRock CEO Larry Fink says ECB must buy equities to stimulate euro zone
Fri, 19 Jul 2019 14:35:07 -0400
BlackRock Chief Executive Larry Fink said on Friday the European Central Bank will need to purchase equities to stimulate Europe's…
AmEx warns of higher costs as it boosts rewards program, shares fall
Fri, 19 Jul 2019 12:30:43 -0400
American Express Co warned of higher operating costs this year as the credit card issuer spends heavily on rewards programs…
Exclusive: WeWork to host Wall Street analyst day in IPO push - sources
Fri, 19 Jul 2019 12:26:15 -0400
The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks…
Cummins makes offer for VW's large engines unit: sources
Fri, 19 Jul 2019 12:08:25 -0400
United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen's MAN Energy Solutions unit, people close to…
BMW picks insider Zipse as CEO to catch up with rivals
Fri, 19 Jul 2019 11:31:54 -0400
BMW has named Oliver Zipse as its new CEO, continuing the German carmaker's tradition of promoting production chiefs to the…
Jet Airways' lenders approve interim finance plan for the carrier
Fri, 19 Jul 2019 10:18:39 -0400
Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover…
Boeing takes $4.9 billion charge for prolonged grounding of 737 MAX planes
Fri, 19 Jul 2019 09:09:48 -0400
Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated…
Microsoft shares hit record highs, powered by growing cloud sales
Fri, 19 Jul 2019 08:49:17 -0400
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud…