European planemaker Airbus said it would propose former Deutsche Telekom chief Rene Obermann as its next chairman starting from 2020, completing the shift to what current chairman Denis Ranque called a “new generation of management”.
U.S. consumer prices increased by the most in more than a year in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
Ford Motor Co on Wednesday named two company veterans to lead its auto and mobility businesses as the No.2 U.S. automaker shifts its focus to autonomous vehicles and realigns its automobile portfolio.
World stocks inched up on Wednesday but were still below the six-month high they reached earlier this week as the prospect of the European Central Bank issuing fresh multi-year loans to banks helped offset concerns about U.S. President Donald Trump threatening more tariffs against the European Union.
Delta Air Lines Inc on Wednesday gave an upbeat profit forecast for the second quarter and reported a better-than-expected quarterly profit, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand.
Russian investigators have asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a hearing later this week and to place him under house arrest instead, the court said on Wednesday.
Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand.
Russia’s Investigative Committee has asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a court hearing later this week and to place him under house arrest, the court said on Wednesday.
Chief executives of some of the largest U.S. banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis.
Prince Alwaleed bin Talal’s firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday.
Indivior Plc lost 75 percent of its stock market value on Wednesday and former parent Reckitt Benckiser also fell after the U.S. Justice Department accused the British drugmaker of illegally boosting prescriptions for its blockbuster opioid addiction treatment.
An escalation in the subsidy row involving European planemaker Airbus and U.S. rival Boeing would be senseless and serve only to benefit an emerging Chinese competitor, France’s finance minister said on Wednesday.
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased.
Sunrise Communications believes it will win backing to raise $4.1 billion to complete its takeover of Liberty Global’s Swiss business UPC, Chairman Peter Kurer told shareholders on Wednesday.
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