Business & Finance News
Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed.
Twenty-First Century Fox Inc shares dropped more than 2 percent on Monday, as investors viewed the absence of a new bid by Comcast Corp for most of Fox’s assets as meaning its bidding war with Walt Disney Co for them is likely over.
U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory and shareholder approvals while launching Embraer into new markets.
U.S. stocks were trading flat on Monday as a sharp drop in crude oil prices weighed on energy companies, offsetting a rebound in financials stocks after Bank of America’s strong results reinforced expectations of a strong earnings season.
U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America.
Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.
Boeing Co said on Monday that leasing company Goshawk Aviation Limited placed an order for 20 737 MAX 8 single-aisle jetliners.
Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Embraer SA has signed a firm order with United Airlines for twenty-five 70-seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company shortly after JetBlue Airways Corp opted to replace its fleet of Embraer jets with ones made by Airbus SE .
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group that is looking at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand.
Linde is raising $3.3 billion from selling North and South American assets to a consortium of German gases firm Messer and buyout group CVC as it seeks clearance for a planned $87 billion merger with U.S. group Praxair .
Britain’s Defense Minister Gavin Williamson unveiled a model of the country’s proposed new fighter jet named Tempest at the Farnborough Airshow on Monday, and said it would seek international partners to help develop the project.
Britain is talking to a number of potential partners for its new fighter jet project, Tempest, which it launched on Monday, a senior official in the UK’s Royal Air Force told Reuters.
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