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Boeing nears deal to buy aerospace parts company KLX – WSJ

Boeing Co is nearing a deal to buy aerospace parts company KLX Inc to expand into the aircraft-services business, the Wall Street Journal reported on Friday, citing people familiar with the matter. KLX’s shares jumped about 8 percent to $78.98 while Boeing’s shares were flat at around $341.74. KLX was not immediately available for comment, while Boeing declined to comment. …read more […]

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Report: Russian lawyer at Trump Tower worked with government

An organization established by an exiled Russian tycoon says it has obtained emails showing collaboration between Russian government officials and the lawyer who met with Donald Trump Jr. in 2016 and has denied having connections to the Kremlin. The emails the Dossier organization said it was sent suggest Natalia Veselnitskaya worked closely with a top official in Russia’s prosecutor-general’s Office to fend off a U.S. fraud case against one of her clients. Veselnitskaya has denied connections to the Russian government since her meeting with then-candidate Donald Trump’s son, son-in-law Jared Kushner and campaign chairman Paul Manafort surfaced during …read more […]

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Business News

Refining margins dent Exxon, Chevron first-quarter results

HOUSTON (Reuters) – Weak refining margins dinged first-quarter results for Exxon Mobil Corp and Chevron Corp , though Chevron’s oil production gains outshone its larger rival, which has struggled to turn operations around after recent missteps. Refining and chemical operations hurt two of the world’s largest integrated energy companies for the second consecutive quarter, highlighting concerns about the impact of volatile oil prices on their businesses.

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