GM strike affects about 150,000 auto industry workers: consulting firm
The prolonged strike at General Motors Co is estimated to have hit as many as 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group (AEG) showed on Tuesday.
Levi Strauss profit declines on trouble in the Americas
Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue.
Indexes briefly cut losses in choppy trade after Powell comments
U.S. stocks briefly cut losses in choppy trading on Tuesday after Federal Reserve Chairman Jerome Powell suggested openness to further rate cuts and said the time has come to allow the Fed’s asset holdings to begin to expand again.
Former Goldman programmer fails, again, to toss theft conviction
A New York state appeals court on Tuesday refused to toss out a former Goldman Sachs Group Inc computer programmer’s theft conviction, rejecting his claim that he was wrongly prosecuted twice for the same conduct.
Powell: Time for Fed to expand balance sheet ‘now upon us’
Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed’s asset holdings to begin to expand again “is now upon us” in order to ensure money markets function …
Fed’s Powell: Outlook ‘favorable’, steps to address money market volatility coming ‘soon’
U.S. Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed’s asset holdings to begin to expand again “is now upon us” in order to ensure money markets fun…
Binding Alitalia offer can be made by October 15 deadline: Italy minister
Italian Industry Minister Stefano Patuanelli said on Tuesday he believed a binding offer for struggling airline Alitalia could be presented by an Oct. 15 deadline, saying the date would not be shifted again.
Boeing 737 MAX timetable uncertain as regulators continue safety review
U.S. and European Union regulators said on Tuesday they were still reviewing changes Boeing Co made to 737 MAX software after two fatal crashes, a development that raised questions about how quickly the grounded aircraft can return to service.
Weak U.S. producer inflation bolsters case for Fed rate cut
U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, likely giving the Federal Reserve further room to cut interest rates for the third time this year in October.
Venezuela designers turn to piracy after Adobe announces it will cut service
Venezuelans desperately explored piracy workarounds on Tuesday to continue using Adobe programs after the software developer said it will cut access to its products for the country’s users, citing U.S. sanctions.
