Business News
American Airlines hikes U.S. baggage fees by $5
American Airlines Group Inc said on Thursday it would raise the fee for a first checked bag by $5 to $30 and the second bag to $40.
Year: 2018
Business News
Stocks hit new highs as trade worries ease, dollar slips
World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week’s fresh U.S. and Chinese tariffs on imports as less harsh than initially feared.
Business News
Amazon adds Echo devices for home and car in bid to dominate voice gadgets
Amazon.com Inc on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled devices.
Business News
Wall Street rises, Dow hits new high
The Dow Jones Industrial Average hit a record closing high on Thursday, the last of Wall Street’s major indexes to fully regain ground after a correction that began in January.
Business News
NAFTA talks grind on, Canada quells talk of U.S. quota on autos
Canada and the United States showed scant sign of being close to striking a deal on revamping the trilateral NAFTA that underpins $1.2 trillion in annual trade, as Canadian sources played down talk of a U.S. quota on autos.
Business News
Wells Fargo to cut headcount by 5-10 percent in next 3 years
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
Business News
Barrett Business Services, ex-CFO settle accounting fraud charges: SEC
The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company’s former chief financial officer have agreed to settle charges of accounting fraud involving workers’ compensation expenses.
Business News
Vista Global sees higher demand for Bombardier 7500 after certification
Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier’s long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S. regulators certify the aircraft.
Business News
Wells Fargo to reduce headcount by 5-10 percent in next three years
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years.
Business News
Dow hits record high as trade fears wane
The Dow Jones Industrial Average was the last among Wall Street’s main indexes to regain record territory on Thursday as technology companies led a broad-based rally and trade worries faded.
Business News
AT&T asks U.S. appeals court to uphold approval of Time Warner acquisition
AT&T Inc on Thursday asked a federal appeals court to reject the Justice Department’s challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction.
Business News
Opel to further scale back production at Ruesselsheim: report
Carmaker Opel, a unit of France’s PSA Group , is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday.
Business News
Amazon adds new Echo devices in bid to dominate voice gadgets
Amazon.com Inc on Thursday introduced new Echo devices with more powerful audio in a bid to stay ahead of rivals Apple Inc and Alphabet Inc’s Google in the nascent category for voice-controlled gadgets.
Business News
Dow regains record territory as trade concerns ease
The Dow Industrial Average was the last among Wall Street’s main indexes to regain record territory on Thursday, as investor concerns over U.S.-China trade spat cleared away and focus shifted to the strength of the economy.
Business News
Four General Electric power turbines shut down in U.S. due to blade issue
General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an “oxidation issue” and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower.