Boeing CEO admits mistakes on key 737 MAX safety system
Boeing Co Chief Executive Dennis Muilenburg acknowledged the company made mistakes in the development of a key safety system known as MCAS at the center of two fatal 737 MAX crashes, at a U.S. House hearing on Wednesday.
Wall Street flat on mixed earnings; all eyes on Fed
U.S. stock indexes treaded water on Wednesday as investors assessed mixed corporate reports in the thick of earnings season, while bracing for a policy decision by the Federal Reserve later in the day.
Citi plans to withdraw from two-thirds of foreign exchange platforms: FT
Citigroup Inc plans to compete on fewer foreign exchange platforms to win business from clients, Financial Times reported earlier on Wednesday, citing sources familiar with the matter.
Former Exxon CEO Rex Tillerson testifies in climate change fraud trial
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson answered questions on Wednesday about the oil major’s methods of measuring potential costs of climate change, as he testified in a closely watched civil lawsuit accusing the company of hidin…
Fed expected to cut rates, but resilient economy may signal pause ahead
The Federal Reserve is expected to reduce interest rates on Wednesday, but new data showing resilient U.S. economic growth may make that rate cut the last for now.
Fiat Chrysler calls board meeting on Peugeot tie-up: sources
Italy’s Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the matter said.
Pizza Hut, GrubHub troubles dent Yum profits; shares fall
Yum Brands Inc missed earnings expectations, largely hit by a write down in the value of its investment in delivery company GrubHub and warned of sagging sales at its Pizza Hut U.S. chain next year, sending shares down 10% on Wednesday.
Factbox: What happens at the Fed’s rate-setting meetings?
The Federal Reserve concludes its latest two-day policy meeting on Wednesday to set a key U.S. interest rate that impacts investors, consumers, and companies around the world.
Wall Street dips as focus shifts to Fed
Wall Street struggled for direction on Wednesday as investors geared up for a policy decision by the Federal Reserve later in the day.
Explainer: What is driving Fiat Chrysler and Peugeot merger talks?
Fiat Chrysler and Peugeot owner PSA are in talks to combine and create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the auto industry.
