Business & Finance News
European regulators expect to clear Boeing’s grounded 737 MAX to return to service in January at the earliest, following flight trials by European test pilots currently scheduled for mid-December, Europe’s top air safety official told Reuters.
Embraer SA on Monday announced an order worth $1.4 billion from Flexjet, which becomes the new launch customer for the Brazilian company’s Praetor jets.
Fidelity Investments has dropped Fisher Investments as a money manager, a Fidelity spokesman said on Monday, the latest in an accelerating series of withdrawals from the firm over allegedly sexist comments by its leader, Kenneth Fisher.
Shares of Peloton Interactive slumped 6% on Monday, even after a multitude of buy ratings from the stationary bike seller’s IPO banks, underscoring Wall Street’s growing exhaustion from money-losing startups.
A Fidelity Investments spokesman said on Monday it has dropped Fisher Investments as a money manager over allegedly sexist comments the firm’s leader Kenneth Fisher made at a conference last week.
Colorado became on Monday the second state to drop out of an effort by state attorneys general to stop T-Mobile US Inc’s $26 billion merger with Sprint Corp .
President Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters on Monday that the trade deal is coming along great.
Wall Street rose on Monday on signs of progress in resolving the prolonged U.S.-China trade war, while a second straight session of declines for Boeing pressured the blue-chip Dow index.
Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high.
Coty Inc is exploring the sale of its business unit that houses hair and nail care brands such as Wella, Clairol and OPI as part of its plan to whittle down its portfolio and cut debt, sending its shares up nearly 14% on Monday.
Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world’s second-largest smartphone market where it has struggled against cheaper products from rivals.
Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
Deutsche Bank AG said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender’s sweeping revamp in July, Bloomberg reported on Monday.
Colorado has decided to drop out of an effort by state attorneys general to T-Mobile US’s merger with Sprint in exchange for 2,000 jobs, the Colorado attorney general’s office said in a statement.
Oil prices fell more than 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, prompting renewed concern that a slowing global economy would reduce demand for oil.
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