Business & Finance News
Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Musk’s use of Twitter, according to a court filing Thursday.
Air Canada said on Thursday its Boeing Co 737 MAX pilots were reviewing aircraft systems and alternative flight conditions for the grounded planes, and the carrier would decide on further training pending final recommendations from regulators.
Spain’s Repsol suspended its swaps of refining products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weighed penalties for foreign firms doing business with Venezuela.
One of President Donald Trump’s prospective Federal Reserve nominees, businessman Herman Cain, said on Thursday he was not withdrawing from consideration for the post, although his chances of winning the Senate’s needed approval appear dim.
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday.
A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though it pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from industrial companies.
Air Canada said on Thursday it was using the down time with its pilots who fly Boeing Co’s MAX planes to review various aircraft systems, alternative flight conditions on the aircraft type and maintain their qualifications.
U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico’s $50 billion offshore banking industry, according to four sources and a document seen by Reuters.
Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports.
Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings.
The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called “profit recession” this year because predicted economic bad news has failed to materialize.
The U.S. International Trade Commission estimated the proposed new North American free trade deal would modestly boost the U.S. economy but could reduce U.S. vehicle production.
American Media Inc (AMI) said on Thursday it is selling its tabloid the National Enquirer to James Cohen, chief executive officer of Hudson Media.
General Motors Co’s top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker’s proxy statement released on Thursday.
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