Trade optimism, earnings power Wall Street to another record high
Wall Street’s main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.
Citi names Manuel Romo CEO of Mexican unit
Manuel Romo has been appointed chief executive officer of Citigroup’s Mexican operations Citibanamex with immediate effect, the Mexican unit said in a statement on Friday.
BMW executive Markus Duesmann tasked with reviving Audi
Volkswagen on Friday installed former BMW executive Markus Duesmann to reinvent Audi after the German premium brand lost key engineering know-how and influence in the wake of the 2015 diesel-cheating scandal.
U.S.-China trade hopes revive stocks, yields rise
Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite.
On board Qantas’ ultra-long haul test flight
When I signed up to join a trial run of the world’s longest commercial flight, I expected an exercise in endurance but not steak for breakfast and a physical work-out regime.
Qantas completes ‘double sunrise’ test flight from London to Sydney, aircraft order could follow
Qantas Airways Ltd could place an order for planes capable of ultra long-haul flights early next year, the airline’s chief executive said after he completed a 19 hour, 19 minute non-stop test flight from London to Sydney on Friday.
J.C. Penney posts smaller loss under CEO Soltau, shares rise
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hol…
U.S. retail sales rebound; manufacturing output tumbles
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
Volkswagen says it has no plans to cooperate with Tesla
Volkswagen Chief Executive Herbert Diess on Friday said the German carmaker has no plans to cooperate with start-up electric carmaker Tesla .
Timeline: Amazon challenges Pentagon awarding $10 billion cloud deal to Microsoft
Amazon.com Inc said on Thursday it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process.
