Business & Finance News
Uber Technologies Inc is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one of the company’s self-driving cars struck and killed a pedestrian, prosecutors said on Tuesday.
A dispute with its mechanics union is costing Southwest Airlines Co millions of dollars in lost revenues a week as well as millions of dollars in costs related to flight cancellations and delays, chief executive Gary Kelly said on Tuesday.
Arizona prosecutors said on Tuesday that Uber Technologies Inc is not criminally liable in a March 2018 crash in which one of the company’s self-driving cars struck and killed a pedestrian in Tempe.
Wall Street’s main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market’s strong run.
JetBlue Airways Corp is still considering a business case for a potential launch of transatlantic flights from New York and Boston, Chief Commercial Officer Marty St. George said on Tuesday, a decision that is expected this year and possibly as soon as next month.
Tesla Inc’s largest shareholder expressed its support for Chief Executive Officer Elon Musk, but acknowledged that it was open to a different role for the electric carmaker’s founder and CEO, Barron’s reported on Tuesday.
A gauge of world stock markets recovered from early declines but was slightly lower on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data sent the dollar to a two-week high.
European aircraft maker Airbus Tuesday said it booked an order for 21 helicopters from U.S.-based Air Medical Group Holdings.
General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from the conglomerate’s industrial businesses this year, a far more negative outlook than he offered previously, sending shares and bonds down.
Kohl’s Corp forecast full-year profit above Wall Street estimates on Tuesday, as partnerships with Amazon and a range of new brands attract more shoppers.
Romania’s biggest opposition party will trigger a public inquiry into Huawei’s contribution to critical infrastructure and seek to bar it from 5G network development due to mounting security concerns, its IT expert said on Tuesday.
Mexico’s central bank is in talks with Amazon.com Inc to launch a new government-backed mobile payment system that would allow consumers to pay for online purchases using QR codes, the bank’s head of payments said.
General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from the conglomerate’s industrial business this year, a far more negative outlook than he offered previously, sending shares and bonds down.
Delta Air Lines fueled the appetite of planemakers on Tuesday after Chief Executive Ed Bastian said the airline planned to replace some 200 Boeing 757 and 767 aircraft over the next decade.
A gauge of world stock markets recovered from early lows to inch higher on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data put the dollar on track to notch its fifth straight day of gains.
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