U.S. prosecutors file new charges in UAW corruption case
A United Auto Workers official was charged on Thursday with embezzling hundreds of thousands of dollars in an alleged scheme that a person familiar with the case said involved union President Gary Jones.
Global stocks fall from 20-month highs on trade talk doubts
World stock markets slid from 20-month highs on Thursday as uncertainty about a U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar weakened as investors mulled whether the Federal Reserve will cut rates further.
Google urges confidentiality protections in Texas-led antitrust probe
Google on Thursday petitioned a Texas judge to ensure that the state-led probe into possible antitrust violations by the Internet search and advertising company will not compromise its confidential business information.
Oil prices decline on weak Chinese data, U.S. pipeline problems
Oil prices fell on Thursday after data showed weak factory activity in China, with U.S. crude facing extra pressure after flows out of the Cushing, Oklahoma storage hub were disrupted because of reduced flows on a pipeline.
American Airlines flight attendants voice 737 MAX concerns to Boeing CEO: letter
The Association of Professional Flight Attendants (APFA), which represents American Airlines Group flight attendants, still has safety concerns about a relaunch of the Boeing 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a le…
Mexican president talks with Canada’s Trudeau, aims for progress on trade
Mexican President Andres Manuel Lopez Obrador said he talked with recently reelected Canadian Prime Minister Justin Trudeau on Thursday, congratulating him on his win and agreeing to keep working toward passage of a new North American trade deal.
Shares of oilfield firm ProPetro fall 10% on short-seller’s report
Shares of oilfield services firm ProPetro Holding Corp fell as much as 10% on Thursday after investment researcher Culper Research released a report outlining business dealings among its executives and board members, and criticized an internal audit in…
Google sues Texas to protect confidential information in antitrust probe
Google sued Texas’ attorney general on Thursday to ensure that its confidential business information will not be disclosed to rivals as he leads a multi-state probe into possible antitrust violations by the Internet search and advertising company.
Italian, French unions say FCA-Peugeot merger plan only benefits shareholders
A planned merger between Fiat Chrysler and Peugeot owner PSA would only benefit shareholders, two of the biggest Italian and a French unions said on Thursday, criticising a decision not to include labour groups in the decision.
Trump bets on Fed cuts to help the dollar. Don’t count on it
U.S. President Donald Trump says further Federal Reserve rate cuts would lower the value of the dollar and help the country’s trade position.
