(Reuters) – Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday.
SYDNEY (Reuters) – Australian banking was in shock on Friday as No. 3 lender Australia and New Zealand Banking Group Ltd faced criminal cartel charges over a $2.3 billion share issue, along with underwriters Deutsche Bank and Citigroup.
SYDNEY (Reuters) – Citigroup on Friday denied allegations of criminal cartel conduct expected to be laid by Australian prosecutors over its involvement in a $2.3 billion share issue it underwrote for Australia and New Zealand Banking Group Ltd in 2015.
May.31 — Theresa Barger, chief executive officer at Cartica Management, discusses the trade tensions between the U.S. and China and the potential for a trade war. She speaks on “Bloomberg Daybreak: Asia.” …read more […]
TOKYO (Reuters) – Asian equities sagged on Friday as worries about U.S. trade policy hit global financial markets, which were already shaken this week by political turmoil in Italy.
A Goldman Sachs vice president was arrested Thursday in California on insider-trading charges filed in a New York court. Woojae Jung awaited a court appearance in federal court in San Francisco to face six counts of securities fraud and a conspiracy charge. Jung, who lives in San Francisco, was accused in court papers of trading the securities of a dozen companies based on inside information. …read more […]
NORTH CHARLESTON, S.C. (Reuters) – A small group of workers at Boeing Co’s South Carolina jetliner factory voted Thursday to unionize but the planemaker announced it would challenge the legality of the bargaining unit.
Time to move to a new home and unload your current one? Here’s what you need to know about selling. …read more […]
ep. Marsha Blackburn (R-Tenn.) discusses President Trump’s recently imposed steel and aluminum tariffs. …read more […]
Billionaire investor Carl Icahn, who sparred for years with short-seller William Ackman over the future of Herbalife Nutrition Ltd , on Thursday said he sold roughly $552 million worth of Herbalife stock back to the company, trimming his stake to 21 percent. …read more […]
SYDNEY (Reuters) – Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and safety.
If last quarter was a temporary blip, 3M’s rebound could be terrific when the industrial company gets its act together, says “Mad Money” host Jim Cramer. …read more […]
Sears Holdings Inc. is shuttering more of its Sears and Kmart stores. It says it’s identified about 100 stores that are no longer turning a profit, and the majority of those locations will be closed soon. … …read more […]
NEW YORK (Reuters) – U.S. stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners.
NORTH CHARLESTON, S.C. (Reuters) – A small group of workers at Boeing Co’s South Carolina jetliner factory voted on Thursday to join the International Association of Machinists and Aerospace Workers, labor regulators announced on Thursday.Last week Boeing unsuccessfully challenged the vote calling the proposed bargaining unit of about 170 employees “an artificially gerrymandered sub-set of employees.”
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