Business & Finance News
The U.S. Federal Aviation Administration on Wednesday said it was mandating new flight control software and parts to Boeing Co’s 787 Dreamliner to address what it called an unsafe operating condition of certain products on the plane.
U.S. manufacturing activity slowed to a 2-1/2-year low in April amid a sharp drop in new orders while construction spending unexpectedly fell in March, suggesting economic growth was moderating after surging in the first quarter.
The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
British Prime Minister Theresa May fired her defence secretary, Gavin Williamson, on Wednesday, saying an investigation suggested he was to blame for leaking discussions about Chinese telecoms company Huawei from her National Security Council.
Britain’s government said on Wednesday Penny Mordaunt had been named defense secretary to replace Gavin Williamson, who was sacked over the leak of information about Chinese telecoms company Huawei.
British Prime Minister Theresa May fired her defense secretary, Gavin Williamson, on Wednesday, saying an investigation suggested he was to blame for leaking discussions about Chinese telecoms company Huawei from her National Security Council.
Wall Street’s main indexes took a pause from an Apple-led rally on Wednesday, with the S&P 500 holding close to its record high, ahead of the Federal Reserve’s latest policy announcement.
U.S. manufacturing activity slowed to a 2-1/2-year low in April amid a sharp drop in new orders while construction spending unexpectedly fell in March, suggesting economic growth was moderating after surging in the first quarter.
Apple Inc shares rose more than 6 percent on Wednesday, pushing the iPhone maker’s market valuation back towards $1 trillion as its quarterly report and upbeat forecast calmed investors worried about slowing growth.
Amazon.com Inc dismissed the idea of running a fully automated warehouse in the near future, citing the superior cognitive ability of humans and the limitations of current technology.
Thomas Cook has set a deadline of May 7 for expressions of interest in its airline business, with Indigo Partners and Lufthansa among the likely bidders, sources said.
Dave Brailsford is accustomed to answering awkward questions and the man who masterminded Britain’s rise as a cycling powerhouse was at it again as Team Sky transformed into Team INEOS on Wednesday.
Boeing Co on Wednesday named a new senior adviser to Chief Executive Officer Dennis Muilenburg and the board of directors as the world’s largest planemaker faces its biggest crisis in years after two deadly crashes of its 737 MAX jetliner.
Iran’s oil minister hit out on Wednesday against the use of oil sanctions “as a weapon” by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member’s oil ministry.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
