Business & Finance News
Honda Motor Co said on Tuesday it will recall 2.4 million older U.S. vehicles for potentially defective air bag inflators.
Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast.
Tesla Inc has reached a settlement with Michigan to allow the electric-car maker to directly deliver its vehicles to customers in the state, a person familiar with the agreement said on Tuesday.
The outbreak of a new virus in China has sent shivers through world financial markets, with investors drawing comparisons to the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak in order to assess its potential economic impact.
Risk assets took a hit across the globe on Tuesday, while the Japanese yen and U.S. Treasury prices gained, as financial markets reacted to mounting concern about a new strain of flu-like virus out of China.
United Airlines Holdings Inc on Tuesday beat Wall Street estimates for quarterly profit and held to its 2020 profit target, with a turnaround strategy overseen by its outgoing CEO underpinning growth even as the Boeing 737 MAX remains grounded.
Netflix Inc added more subscribers than expected in the fourth quarter, but membership growth lagged in the United States and Canada due to stiff competition and pricing changes, sending shares down 1.6% in extended trading.
Tesla Inc has reached a settlement with Michigan to allow the electric carmaker to directly sell vehicles in the state, a person familiar with the agreement said on Tuesday.
Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to regulatory scrutiny on its flight control system.
Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF).
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday, where her lawyers are expected to build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
Boeing Co told airlines and suppliers on Tuesday it now forecasts it does not expect to win approval from regulators for the return of the 737 MAX to service until June or July, a source briefed on the matter said.
Wall Street’s main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains.
Risk assets took a hit across the globe on Tuesday while the Japanese yen and U.S. Treasury prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China.
Starbucks Corp aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly, Chief Executive Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc .
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