Business & Finance News
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance that they plan to use in a case accusing the Chinese telecom equipment maker of sanctions-busting and bank fraud, prosecutors said on Thursday.
Boeing Co Chief Executive Officer Dennis Muilenburg said on Wednesday erroneous activation of so-called MCAS software in its grounded 737 MAX aircraft could increase pressure on pilots, while flying the plane.
Boeing Co said on Thursday that a new software fix for its anti-stall system, at the center of investigations into two deadly plane crashes, will give pilots the authority to always override the system if activated by faulty sensor data.
A federal judge in Manhattan began considering on Thursday whether Tesla Inc Chief Executive Elon Musk should be held in contempt for violating a fraud agreement, the latest battle the government has waged over the billionaire’s tweets.
Commerzbank’s market share is too small and organic growth is too slow, the lender’s chief executive told employees as he weighs a tie-up with Deutsche Bank .
The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.
The Supreme Court of Canada on Thursday dismissed all claims attempting to force Chevron Corp’s Canadian unit to pay a $9.5 billion judgment handed down in Ecuador against the U.S. oil major over pollution in the Andean country.
Brent oil prices rose on Thursday, touching $70 a barrel briefly for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.
Tesla Inc Chief Executive Elon Musk arrived in Manhattan federal court on Thursday for a hearing on whether he violated a fraud agreement and should be held in contempt, the latest twist in a high-profile battle between the billionaire and the government.
MacKenzie Bezos, ex-wife of Amazon.com Inc founder and Chief Executive Officer Jeff Bezos, will give 75 percent of their stake in the company and all voting rights to the billionaire entrepreneur. MacKenzie Bezos will also relinquish all her interests in the Washington Post newspaper and rocket company Blue Origin, she said in a tweet on Thursday.
The Ethiopian Civil Aviation Authority has released a preliminary report into an Ethiopian Airlines crash on March 10 that killed 157 people and resulted in the worldwide grounding of more than 300 Boeing 737 MAX jets.
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance they plan to use in their case charging the Chinese telecom company with violating sanctions against Iran, prosecutors said Thursday.
U.S. President Donald Trump is expected to nominate Herman Cain for a seat on the Federal Reserve Board, an administration official confirmed to Reuters on Thursday.
Airbus suffered more cancellations than orders by end-March, leaving the European company with a bleak first quarter after its five-year winning streak in the race for jetliner orders against U.S rival Boeing ended last year.
U.S. President Donald Trump may feel he is “stuck” with Federal Reserve Chairman Jerome Powell, whom he has blasted for engineering four interest rate hikes since Trump appointed him, but none of Trump’s other Fed appointees has stood in the way of the tightening campaign and at least one has said even higher rates may be necessary.
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