Articles by Editor

Kia Motors Corp said on Wednesday it would recall 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks.

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Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May’s government.

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Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years.

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Kia Motors Corp said on Wednesday it is issuing a new recall for 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks.

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U.S. grain merchant Archer Daniels Midland Co (ADM) has looked at buying rivals including Bunge Ltd. and dozens of other companies but decided the time is not right for “monster” acquisitions, the company’s chief executive told Reuters.

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Wall Street’s main indexes hit a one-month high on Wednesday, boosted by upbeat earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector also helping a risk-on trade.

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Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound edged up ahead of a no-confidence vote in British Prime Minister Theresa May’s government.

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Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon’s first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw.

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** Embattled power utility company PG&E Corp will be replaced by healthcare equipment maker Teleflex Inc in the S&P 500 on Friday

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Online dating company Match Group Inc and its owner IAC/InterActiveCorp has filed a lawsuit accusing Sean Rad, a former employee known for co-founding the popular dating service Tinder, of stealing company files and other proprietary information.

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Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner’s role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction.

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Online dating company Match Group Inc and its owner IAC/InterActiveCorp on Tuesday filed a lawsuit accusing Sean Rad, a former employee known for co-founding the popular dating service Tinder, of stealing company files and other proprietary information.

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Hard Brexit, soft Brexit, no Brexit – or maybe just later Brexit?

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Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity.

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Airbus expanded its industrial presence in the United States on Wednesday, preparing to breaking ground on a new assembly plant for the A220, 18 months after agreeing to buy the Canadian jetliner in the midst of a U.S.-Ottawa trade row.

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