Business & Finance News
U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office said, adding that deputy-level talks would proceed “continuously.”
Boeing Co on Friday promised to act on safety recommendations for its 737 MAX aircraft made in a new report by Indonesian investigators on the deadly Lion Air crash a year ago.
Speculation the Federal Reserve will continue cutting interest rates well past its policy meeting next week is pushing some bond fund managers into assets ranging from short-term Treasury bills to half-paid off 15-year home mortgages.
Global stock indexes, the dollar and bond yields rose on Friday, with the S&P 500 nearing a record high as the United States said it was close to finalizing parts of a trade deal with China.
The United Auto Workers union said on Friday it has chosen Ford Motor Co as the next U.S. automaker the union will negotiate with after workers at General Motors Co approved a new contract deal.
Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week.
Two charities will pay $6 million to resolve claims they operated as pass-throughs for seven pharmaceutical companies to pay kickbacks to Medicare patients using their high-priced medications, the U.S. Justice Department said on Friday.
U.S. stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago.
The United Auto Workers union is set to announce later on Friday it has chosen Ford Motor Co as the next U.S. automaker the union will negotiate with, sources briefed on the matter told Reuters.
The United Auto Workers union is set to announce later on Friday it has chosen Ford Motor Co as the next U.S. automaker the union will negotiate with, sources briefed on the matter told Reuters.
Exxon Mobil Corp is seeking a potential buyer for its roughly 60,000 barrel per day Billings, Montana refinery, according to three sources familiar with Exxon’s plans.
A strike by General Motors workers should weigh on U.S. job growth in October, government data showed on Friday.
The S&P 500 rose on Friday, briefly surpassing its record closing high, after Washington said it was near to finalizing parts of a trade pact with Beijing.
Global stock indexes were higher on Friday after upbeat news on the trade front and strong results from companies including Intel , while the British pound extended losses from the previous day amid fresh uncertainty around Britain’s exit from the European Union.
The United States on Friday rejected Chinese accusations that political motives were behind a top Beijing space official not receiving a visa in time to attend the start of an international conference in Washington this week.
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