Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with compensation expert Ken Feinberg hired by the world’s largest plane maker to oversee the distribution.
U.S. stock indexes retreated for the second day on Wednesday as weak results from CSX Corp pressured railroad stocks and highlighted the wide-ranging impact of the protracted trade war between the United States and China.
The Qatari-backed lawyer tasked with trying to draw a line under Deutsche Bank’s regulatory scandals has risen rapidly at the German bank, jumping to the management board after three years as a “sparring partner” on the bank’s supervisory body.
Oil futures fell on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles.
Japan’s Takeda Pharmaceutical Co has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.
The European Commission has opened a formal antitrust investigation to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.
A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell as trade concerns again began to bubble and U.S. earnings season picked up steam.
United Airlines Holdings may not receive complete delivery of Boeing Co’s 737 MAX even by next year, Chief Financial Officer Gerry Laderman said on a conference call with investors, underscoring the uncertainty surrounding the aircraft’s return to service.
Abbott Laboratories beat analysts’ estimates for quarterly profit and lifted its full-year earnings forecast on Wednesday, boosted by a near 64% jump in sales of its blood sugar monitoring device.
(This version of July 16th story corrects headline to show closing stock change)
U.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted.
A gauge of global stocks declined for a second straight session and U.S. Treasury yields rose as trade concerns again began to bubble and U.S. earnings season picked up steam.
Oil prices on Wednesday steadied after plummeting more than 3% in the previous session, but were weighed down by U.S. government data that showed large builds in refined product stockpiles.
Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.
U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX Corp’s profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm.
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