U.S. judge encourages PG&E deal with California wildfire victims; stock jumps
Utility PG&E Corp’s $13.5 billion settlement with victims of California wildfires got some encouraging words from a U.S. bankruptcy judge on Tuesday, and the company’s stock rallied as it gained momentum to emerge from bankruptcy in June as planned.
Producer on U.S. TV show ’60 Minutes’ sues CBS over gender discrimination
An associate producer on CBS current affairs TV show “60 Minutes” filed a lawsuit on Tuesday alleging gender discrimination and retaliation by the U.S. company after she said she complained about inappropriate conduct by her male boss.
Boards of Fiat Chrysler, Peugeot owner PSA, sign off on merger: sources
The boards of French carmaker PSA , the owner of Peugeot, and Fiat Chrysler (FCA) in separate meetings on Tuesday approved a binding agreement for a $50 billion merger, sources said.
Wall Street extends record-setting climb on upbeat economic data
Wall Street’s major indexes inched higher on Tuesday, extending their record-setting rally, as strong housing and manufacturing data bolstered investors’ confidence in the U.S. economy.
Boeing’s 737 production halt could dent U.S. first-quarter GDP
Boeing Co’s decision to stop production of its best-selling 737 MAX aircraft involved in two fatal crashes will impact U.S. economic growth and employment, but the pain may be brief and concentrated in areas where suppliers are located, analysts and e…
FAA must boost oversight to address Allegiant Air maintenance issues: audit
The U.S. Federal Aviation Administration (FAA) needs to improve its oversight to address maintenance issues at Allegiant Air, the 11th largest U.S. carrier, according to a report seen by Reuters on Tuesday.
Dongfeng to reduce PSA stake in merger deal with Fiat: sources
China’s Dongfeng Motor will have a reduced stake of around 4.5% in the new group resulting from the merger between Peugeot owner PSA and rival Fiat Chrysler , two sources said on Tuesday.
UK regulator orders recall of fire-risk Whirlpool washing machines
Half a million washing machines manufactured by Whirlpool Corp and sold in Britain are to be recalled following an order from the country’s safety regulator which found they pose a fire risk.
Boeing’s halt to 737 MAX production could ding U.S. economy, jobs
Boeing Co’s decision to stop production of its best-selling 737 MAX aircraft involved in two fatal crashes will impact the U.S. economy and employment, but the pain may be brief and concentrated in areas where suppliers are located, analysts and execu…
Upbeat economic data helps Wall Street hover near record levels
U.S. stocks were near record levels on Tuesday, following four straight sessions of gains, as investor confidence in the U.S. economy was reinforced following upbeat housing and manufacturing data.
