U.S., China reach deals on access for beef, financial services The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary Wilbur Ross said on Thursday. […]
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Boeing must clear 737 MAX engines with U.S. regulator to fly again The U.S. aviation regulator must reapprove the engines on Boeing Co's (BA.N) 737 MAX jetliner before it can take flight and begin deliveries, the engine maker said on Thursday, after the new aircraft was grounded due to an […]
Nordstrom's comparable sales miss deepens department-store gloom Nordstrom Inc on Thursday became the latest department store operator after Macy's and Kohl's to report weaker-than-expected quarterly same-store sales, underscoring the industry's struggle to attract customers amid a slump in demand for apparel and a shift to shopping online. Nordstrom's shares, which […]
Wal-Mart CEO to be questioned in U.S. lawsuit over Mexican bribery A federal judge on Thursday ordered Wal-Mart Stores Inc Chief Executive Douglas McMillon to submit to questioning in a lawsuit by shareholders hoping to learn what he knows about suspected bribery by the world's largest retailer in Mexico. U.S. […]
In Trump's shadow, Fed official says trade barriers a dead end Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders […]
Boeing suspends 737 MAX flights due to engine issue Boeing suspends 737 MAX flights due to engine issue:- Boeing Co (BA.N) said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric […]
Twenty-First Century Fox misses Wall Street sales target Twenty-First Century Fox misses Wall Street sales target:- Twenty-First Century Fox Inc (FOXA.O), the television and film company controlled by Rupert Murdoch, reported quarterly revenue below Wall Street's expectations on Wednesday, weighed down by weaker box office results. Its shares initially dipped […]
AIG plans to name Brian Duperreault as new CEO AIG plans to name Brian Duperreault as new CEO:- American International Group (AIG.N) is planning to name Brian Duperreault as its new chief executive, the Wall Street Journal reported, citing sources. Duperreault and AIG are working out final details of his […]
Aetna fully exits Obamacare exchanges with pull-out in two states Aetna fully exits Obamacare exchanges with pull-out in two states:- Health insurer Aetna Inc (AET.N) said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it offered the […]
Aldi raises stakes in U.S. price war with Wal-Mart Aldi raises stakes in U.S. price war with Wal-Mart:- German grocery chain Aldi Inc is trying to beat the world's biggest retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldi’s internal studies show its prices are 21 […]
