Year: 2019

Boeing Co is expected to testify at an upcoming U.S. Senate Commerce Committee hearing on aviation safety, a spokeswoman for the panel said Wednesday.

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The chief executive of e-cigarette maker Juul stepped down on Wednesday as merger talks between its biggest investor Altria and Philip Morris collapsed in the face of a regulatory backlash against vaping that could reshape the industry.

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The dollar rose and stocks on Wall Street lifted a gauge of global equities on Wednesday on robust U.S. housing data and the notion a strong economy would overcome any investor skittishness over a possible impeachment of President Donald Trump.

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The S&P 500 notched its biggest daily gain in two weeks on Wednesday as investors looked past Democrats’ attempt to impeach President Donald Trump, while Nike shares jumped on upbeat quarterly results.

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Amazon.com Inc on Wednesday said actor Samuel L. Jackson and other celebrities will voice speech for the company’s virtual assistant Alexa, while the voice aid will also be built into a new wearable line of earbuds, eyeglasses and a ring.

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Juul Labs Inc has become one the biggest bets in the portfolio of Fidelity’s $28 billion Blue Chip Growth Fund, whose exposure to the troubled e-cigarette maker has climbed to $761 million amid a regulatory backlash and departure of its top executive.

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U.S. energy major Chevron Corp has decided to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay the bill for removing offshore oil and gas platforms, the company told Reuters on Wednesday.

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Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank’s executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor.

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U.S. stocks rose on Wednesday as investors looked past Democrats’ attempt to impeach President Donald Trump, while Nike shares jumped on upbeat quarterly results.

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Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market.

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U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets.

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Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs’ lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece.

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Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank’s executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor.

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Best Buy Co Inc aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025, while ramping up its healthcare technology business, the biggest U.S. consumer electronics retailer said on Wednesday.

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U.S. oil and gas activity in some of the largest producing regions is declining, led by a weakening oilfield services sector as producers cut spending, according to an energy survey released on Wednesday by the Federal Reserve Bank of Dallas.

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