Business & Finance News
Boeing’s decision to advise customers its grounded 737 MAX jet was unlikely to secure flight approval until mid-year was not due to any new technical issues, a senior marketing executive said on Wednesday.
The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China’s efforts to contain a virus outbreak eased worries about a wider financial fallout.
Fiat Chrysler’s chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well and he hopes to have a deal sealed within 12-14 months.
ValueAct Capital Partners LP’s founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund’s president, Mason Morfit, according to a source familiar with the matter.
Tesla Inc on Wednesday became the first publicly listed U.S. carmaker to cross $100 billion in market valuation, in a stunning rally that has seen its stock more than double in the past three months.
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal.
Medical device maker Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, benefiting from higher demand for its nutrition products and generic drug sales.
The U.S. dollar edged lower on Wednesday and the Japanese yen and the Swiss franc slipped amid muted demand for safe haven units as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.
Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider iOFFICE, as it offloads non-core businesses after a botched initial public offering last year.
The S&P 500 and the Nasdaq hit fresh all-time highs at the open on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak and a strong forecast from IBM.
Air Canada said on Wednesday it has removed Boeing’s 737 MAX from its flight schedule until June 30, 2020, a day after the U.S. planemaker warned the grounded jet would not win regulatory approval until mid-year.
The S&P 500 and the Nasdaq were set for record highs on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak and a strong forecast from IBM.
World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Boeing Co’s bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
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