55.13 F
New York
October 18, 2019
Home » Archives for Reuters

Reuters

Reuters - Business

Boeing pilots’ messages on 737 MAX safety raise new questions

Reuters
WASHINGTON (Reuters) – A Boeing Co (BA.N) senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world’s largest airplane maker into a fresh crisis. The messages, first reported by Reuters, sent Boeing’s shares tumbling, prompted a...
Reuters - Business

Boeing, J&J, dismal China data drag Wall Street lower

Reuters
NEW YORK (Reuters) – Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings. All three major U.S. stock averages ended the session in the red, but the S&P...
Reuters - Business

Opioid settlement talks falter, landmark trial expected Monday: attorney

Reuters
CLEVELAND (Reuters) – A landmark trial stemming from the U.S. opioid epidemic is expected to begin on Monday after last-ditch talks to strike a multibillion-dollar settlement faltered on Friday, according to an attorney for local governments. A view of the statue standing in front of the U.S. District Courthouse in...
Reuters - Business

FAA turns over emails from former Boeing 737 pilot

Reuters
FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) on Friday turned over 10 pages of emails from a former chief technical...
Reuters - Business

Dollar weakens on Brexit, shares sapped by weaker China growth

Reuters
NEW YORK (Reuters) – The dollar posted its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain’s departure from the European Union, while China’s weakest growth in nearly three decades weighed on equities. The dollar crept lower against the...
Reuters - Business

Oil falls as China economic concerns outweigh rising refinery runs

Reuters
NEW YORK (Reuters) – Oil prices edged lower on Friday, as concerns about China’s economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province,...
Reuters - Business

Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX – sources

Reuters
WASHINGTON (Reuters) – Boeing Co (BA.N) turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, according to documents seen by Reuters. FILE PHOTO: Unpainted Boeing 737 MAX aircraft...
Reuters - Business

Wall Street weighed by Boeing, J&J, bleak China data

Reuters
NEW YORK (Reuters) – Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing and bleak economic data from China soured investor risk appetite, offsetting generally positive corporate earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October...
Reuters - Business

Global trade uncertainty a reason to ratify USMCA: Mexican minister

Reuters
WASHINGTON (Reuters) – Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada. FILE PHOTO: Arturo Herrera, Mexico’s new Finance Minister, speaks during a news conference in Mexico...
Reuters - Business

Opioid litigation talks can ‘get a long way’ to deal: lawyer

Reuters
FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during a news conference hold by its CEO, Kare Schultz, to discuss the company’s 2019 outlooks in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen CLEVELAND (Reuters) – Executives from several large healthcare companies and state attorneys general were progressing...
Reuters - Business

Oracle co-CEO Mark Hurd passes away

Reuters
FILE PHOTO: Mark Hurd, CEO of Oracle Corporation, speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S. October 18, 2017. REUTERS/Lucy Nicholson (Reuters) – Oracle Corp (ORCL.N) co-Chief Executive Officer Mark Hurd passed away on Friday, the business software maker said. The company announced last month...
Reuters - Business

Exclusive: Aramco makes relatively little from foreign refining – documents

Reuters
LONDON (Reuters) – Documents from Saudi Aramco show that the world’s largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment. FILE PHOTO: A helmet with logo of Saudi Aramco is pictured at the oil facility...
Reuters - Business

American Express profit beats estimates as consumers shrug off slowdown fears

Reuters
(Reuters) – Credit card issuer American Express Co (AXP.N) reported a higher-than-expected quarterly profit that highlighted the health of the U.S. consumer even as fears mount that a manufacturing-led weakness could spread to the broader economy. FILE PHOTO: Credit cards of American Express are photographed in this illustration picture March...
Reuters - Business

Take Five: Super Saturday, Super Mario

Reuters
(Reuters) – 1/BEGINNING OF THE END OR… FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2019. REUTERS/Brendan McDermid Britain may be about to draw a line under almost 3-1/2 years of political chaos, economic uncertainty and tortuous discussions...
Reuters - Business

Schlumberger takes over $12 billion charge as CEO charts new course

Reuters
(Reuters) – Schlumberger NV’s (SLB.N) new chief executive officer wielded an ax to the company’s asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits. FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard...
Reuters - Business

Judge’s unorthodox approach has huge opioid settlement within reach

Reuters
(Reuters) – From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country’s opioid epidemic, Judge Dan Polster has made one thing clear: he never wanted a trial. FILE PHOTO: Federal Judge Dan A. Polster, of the U.S. District Court’s Northern District of...
Reuters - Business

Kansas City Southern profit beats on increased petroleum shipments to Mexico

Reuters
FILE PHOTO: A freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard Garrido (Reuters) – Railroad operator Kansas City Southern (KSU.N) on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel products and liquid petroleum gas...
Reuters - Business

American Express profit beats Wall Street estimates on higher consumer spending

Reuters
FILE PHOTO: Credit cards of American Express are photographed in this illustration picture March 17, 2016. REUTERS/Kai Pfaffenbach/Illustration/File Photo (Reuters) – Credit card issuer American Express Co (AXP.N) reported a higher-than-expected rise in third-quarter profit on Friday, as more people used cards to shop, pay bills and make big ticket...
Reuters - Business

Renault shares slump as profit warning deepens carmaker’s problems

Reuters
PARIS (Reuters) – A profit warning sent Renault’s (RENA.PA) shares as much as 15% lower on Friday, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp global auto industry slowdown. FILE PHOTO: Newly-appointed interim CEO Clotilde...
Reuters - Business

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy – sources

Reuters
(Reuters) – U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said. FILE PHOTO: A dismantled sign sits leaning outside a Sears department...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More