Business & Finance News
Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters.
U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.
Russia’s main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters.
Finnish telecom networks maker Nokia Oyj said on Wednesday it has agreed to acquire privately-held U.S.-based company Elenion Technologies to boost its optical networking business and broaden its offering to telecoms operators.
U.S. stock index futures advanced on Wednesday as signs of slowing coronavirus infections and expectations that China would take more steps to bolster its virus-hit economy helped investors return to equities after Apple’s sales warning.
Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported.
EU countries have no reason to use 5G mobile technology from Huawei because Sweden’s Ericsson , Finland’s Nokia and South Korea’s Samsung are on par with the Chinese group in the field, a senior U.S. diplomat said.
Deutsche Telekom is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US unit to take over Sprint is within reach.
Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management.
Air France unions have called for strikes at domestic carrier Hop, as pilots seek an improved pay offer and ground staff representatives press for job guarantees, union officials said on Wednesday.
Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.
The head of UniCredit repeated in a letter to staff on Wednesday that Italy’s biggest bank had no intention of engaging in merger and acquisition deals following Intesa’s blitz move to buy rival UBI Banca .
Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market.
BlackRock , the world’s biggest asset manager, has appointed two executives to oversee its operations in continental Europe as part of efforts to expand in the region, a memo to staff on Wednesday seen by Reuters showed.
A decline in the number of new coronavirus cases in China and mounting expectations for more policy stimulus boosted global stock markets on Wednesday, helping ease some of the alarm caused by an Apple revenue warning.
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