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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…