Global airlines chief warns on spiraling delays to Boeing 737 MAX
Airlines face significant problems if the return to service of the Boeing 737 MAX drags on for months longer, the head of the International Air Transport Association said on Wednesday.
Nestle moves U.S. ice cream brands to Froneri in $4 billion deal
Nestle has agreed to sell its U.S. ice cream business to Froneri, moving U.S. control of brands including Häagen-Dazs to the joint venture the Swiss group set up in 2016 with PAI Partners in a deal valued at $4 billion.
S&P 500, Nasdaq higher ahead of Fed meet; Dow hit by Boeing, Home Depot
The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve’s December policy statement for clues on the domestic economy’s strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot.
Nestle to sell U.S. ice cream business to Froneri in $4 billion deal
Nestle has agreed to sell its U.S. ice cream business to Froneri, a joint venture the Swiss group set up in 2016 with PAI Partners, for a transaction value of $4 billion, it said on Wednesday.
FAA chief says 737 MAX won’t be cleared to resume flying in 2019
U.S. Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co’s (BA.N> grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.
FAA probing Boeing 737 production issues as Congress raises concerns
The Federal Aviation Administration (FAA) said Wednesday it has an ongoing investigation into reported production problems involving the Boeing 737 after a former employee reported extensive issues.
JPMorgan’s Dimon endorses trade deal, tackles central bank measures
The head of the Business Roundtable trade group of top U.S. chief executives said on Wednesday that he endorses the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line on Tuesday.
Factbox: Failure to launch – The biggest IPO pull-outs of 2019
Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.
U.S. consumer inflation rises; Fed seen staying pat
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.
Oil drops as U.S. data shows unexpected rise in crude stocks
Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.
