Boeing, J&J, dismal China data drag Wall Street lower
Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.
GM temporarily halts Chevy Blazer production because of parts shortage
General Motors Co on Friday said it temporarily halted production of its Chevy Blazer SUV in Mexico because of a parts shortage due to a month-old strike by 48,000 U.S. hourly GM employees.
Exclusive: Electric Hummer could be part of GM’s move into EV trucks, SUVs – sources
General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with…
Exclusive: Electric Hummer could be part of GM’s move into EV trucks, SUV – sources
General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with…
Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes
The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the 737 M…
General Motors strike to slash U.S. October payrolls: JPMorgan
A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession.
Pentagon says decision on full-rate F-35 jet production possibly delayed until 2021
The Pentagon’s decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin , could be delayed until 2021 because of issues integrating the jet with its testing and training simulators, an official said on Friday.
FDA alerts consumers of J&J baby powder recall, says it stands by tests
The U.S. Food & Drug Administration said on Friday that it found that a sample from one lot of Johnson & Johnson’s baby powder contained chrysotile fibers, a type of asbestos, confirming test results the company disclosed earlier on Friday.
Wall Street weighed by Boeing, J&J, bleak China data
Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing and bleak economic data from China soured investor risk appetite, offsetting generally positive corporate earnings.
Global trade uncertainty a reason to ratify USMCA: Mexican minister
Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada.
