U.S. and European stock indexes gained on Wednesday after news that U.S. President Donald Trump planned to delay tariffs on auto imports, offsetting earlier pressure on equities and government bond yields from weak U.S. and Chinese economic data.
Boeing Co made mistakes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he added he is still hopeful the grounded 737 MAX jets will return to service this summer.
Commerzbank plans to hold an extraordinary meeting of its supervisory board on May 21 to discuss strategy, people familiar with the matter said on Wednesday.
Macy’s Inc said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable as well.
Nestle SA is in exclusive talks with a consortium led by private equity firm EQT Partners for a sale of its skin health unit, according to a source familiar with the matter.
Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday he is still hopeful the grounded Boeing Co 737 MAX jets will return to service this summer, when the airline will continue with its growth plan.
A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co’s pick for its next chief executive, a development that could complicate the scandal-hit lender’s efforts to find a permanent replacement for CEO Tim Sloan.
Shares of Beyond Meat rose as much as 16% on Wednesday after Canada’s Restaurant Brands International Inc’s coffee chain Tim Hortons said it will introduce three new sandwiches using the vegan burger marker’s plant-based sausages
Finland’s Kone is assessing the viability of a bid for Thyssenkrupp’s 14 billion euro ($15.7 billion) elevators division even as the German conglomerate pursues plans to list it on the stock exchange, four people familiar with the matter said.
U.S. imposition of tariffs against the European Union over aircraft subsidies would cause “serious harm” to Delta Air Lines since the U.S. carrier is already under contract to buy several billion dollars worth of Airbus aircraft, a senior airline official said on Wednesday.
The United States is close to resolving a dispute over steel and aluminum tariffs with Canada and Mexico, U.S. Treasury Secretary Steven Mnuchin said on Wednesday as high-level American and Canadian officials prepared to meet to discuss trade issues.
The Federal Aviation Administration’s acting chief told lawmakers on Wednesday he expects Boeing Co to submit a software fix and training upgrade for the grounded 737 MAX, which was involved in two fatal crashes since October, for approval “in the next week or so.”
U.S. stocks reversed course to trade higher on Wednesday after a report that President Donald Trump may delay a decision to impose auto tariffs, offering respite to markets worried about slowing global growth after a batch of weak economic data.
French video game producer Ubisoft on Wednesday reported fourth-quarter net bookings of 676.7 million euros, below company’s expectations of approximately 698.0 million euros.
Shares of Beyond Meat rose as much as 16% on Wednesday after Restaurant Brands International Inc’s coffee chain Tim Hortons said it had launched breakfast sandwiches with the vegan burger marker’s plant-based sausages.
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