U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America.
Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.
Boeing Co said on Monday that leasing company Goshawk Aviation Limited placed an order for 20 737 MAX 8 single-aisle jetliners.
Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Embraer SA has signed a firm order with United Airlines for twenty-five 70-seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company shortly after JetBlue Airways Corp opted to replace its fleet of Embraer jets with ones made by Airbus SE .
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group that is looking at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand.
Linde is raising $3.3 billion from selling North and South American assets to a consortium of German gases firm Messer and buyout group CVC as it seeks clearance for a planned $87 billion merger with U.S. group Praxair .
Britain’s Defense Minister Gavin Williamson unveiled a model of the country’s proposed new fighter jet named Tempest at the Farnborough Airshow on Monday, and said it would seek international partners to help develop the project.
Britain is talking to a number of potential partners for its new fighter jet project, Tempest, which it launched on Monday, a senior official in the UK’s Royal Air Force told Reuters.
United Airlines said on Monday it would buy four new Boeing Co 787-9 widebody aircraft, a deal valued at about $1.1 billion at current list prices.
European planemaker Airbus said on Monday it had signed a memorandum of understanding to sell 80 of its A320neo passenger jets to an unidentified global aircraft leasing company.
Boeing Co and Romanian state-owned airline Tarom said on Monday they had reached a deal over the purchase of five 737 MAX 8 aircraft and a leasing agreement for two 737-800 aircraft.
Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran’s news agency Shana. “Member countries committed themselves to reach a production adjustment conformity level of 100 percent, as of July 1, 2018,” Bijan Zanganeh wrote in a letter sent to Saudi Energy Minister Khalid al-Falih, according to Shana. …read more […]
BlackRock Inc , the world’s biggest asset manager, reported a better-than-expected quarterly profit on Monday, as client demand for index funds helped plump up margins and the company settled into a lower tax rate.
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