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Home2019September

Month: September 2019

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Business News

U.S. transport chief warns against mixed messages on Boeing’s 737 MAX

September 25, 2019 admin Comments Off on U.S. transport chief warns against mixed messages on Boeing’s 737 MAX

U.S. Transportation Secretary Elaine Chao warned regulators on Wednesday against sending conflicting messages as they work to ensure Boeing’s 737 MAX is safe to resume operations.

…read more […]

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Business News

Evans says two rate cuts have Fed ‘well-positioned’ at this point

September 25, 2019 admin Comments Off on Evans says two rate cuts have Fed ‘well-positioned’ at this point

Chicago Federal Reserve president Charles Evans said on Wednesday he backed the Fed’s two recent rate cuts but feels the central bank is now “well-positioned” to see how economic data evolves.

…read more […]

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Business News

German authorities raid Deutsche Bank over Danske scandal

September 25, 2019 admin Comments Off on German authorities raid Deutsche Bank over Danske scandal

German authorities have raided Deutsche Bank’s Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.

…read more […]

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EBay CEO Devin Wenig steps down, cites differences with board

September 25, 2019 admin Comments Off on EBay CEO Devin Wenig steps down, cites differences with board

EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company’s recently revamped board, which is looking to sell some of its businesses.

…read more […]

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GM and UAW union making progress in talks for new labor deal: sources

September 25, 2019 admin Comments Off on GM and UAW union making progress in talks for new labor deal: sources

General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new deal but grappling with the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday.

…read more […]

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Wall Street ticks lower as Trump impeachment threat weighs

September 25, 2019 admin Comments Off on Wall Street ticks lower as Trump impeachment threat weighs

U.S. stock indexes edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump more than offset gains in shares of Nike and Philip Morris.

…read more […]

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U.S. new home sales increase more than expected in August

September 25, 2019 admin Comments Off on U.S. new home sales increase more than expected in August

Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from lower mortgage rates.

…read more […]

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Elliott renews call to split Marathon Petroleum

September 25, 2019 admin Comments Off on Elliott renews call to split Marathon Petroleum

Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, saying such a move would boost shareholder value by as much as $40 billion.

…read more […]

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Ford self-driving cars to launch in Austin in 2021

September 25, 2019 admin Comments Off on Ford self-driving cars to launch in Austin in 2021

Ford Motor Co said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021.

…read more […]

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Thyssenkrupp faces more turmoil as CEO Kerkhoff set to leave

September 25, 2019 admin Comments Off on Thyssenkrupp faces more turmoil as CEO Kerkhoff set to leave

Thyssenkrupp said it was preparing to replace Chief Executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in crisis mode for more than a year.

…read more […]

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German authorities raid Deutsche Bank in relation to Danske scandal

September 25, 2019 admin Comments Off on German authorities raid Deutsche Bank in relation to Danske scandal

German authorities have raided Deutsche Bank’s Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.

…read more […]

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Mexican president urges U.S. trade deal ratification as politics cloud outlook

September 25, 2019 admin Comments Off on Mexican president urges U.S. trade deal ratification as politics cloud outlook

Mexico’s President Andres Manuel Lopez Obrador said on Wednesday that he does not want the ratification of the new U.S.-Mexico-Canada (USMCA) trade agreement left until the eve of the November 2020 presidential election in the United States.

…read more […]

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EBay CEO Devin Wenig steps down

September 25, 2019 admin Comments Off on EBay CEO Devin Wenig steps down

EBay Inc said on Wednesday Chief Executive Officer Devin Wenig has stepped down and the e-commerce company named its finance head Scott Schenkel as interim CEO.

…read more […]

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Explainer: Battle over Osram takes further twist

September 25, 2019 admin Comments Off on Explainer: Battle over Osram takes further twist

An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to prepare to outbid Austria’s AMS .

…read more […]

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Wall Street set to open flat as political worries weigh; Nike, tobacco stocks gain

September 25, 2019 admin Comments Off on Wall Street set to open flat as political worries weigh; Nike, tobacco stocks gain

U.S. stock indexes were set to open flat on Wednesday as a move to launch an impeachment inquiry into President Donald Trump unnerved investors, but a jump in shares of Nike and tobacco companies helped dispel some gloom.

…read more […]

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