Space insurance costs to rocket after satellite crash
Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry sources say.
U.S. second-quarter labor costs gain smallest in 1-1/2 years
U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest indication of benign inflation that could allow the Federal Reserve to cut interest rates on Wednesday for the first time in a decade.
Ryanair tells staff it has 500 pilots more than it needs
Ryanair has told its staff it has 500 more pilots and 400 more cabin crew than required and job losses will be announced in coming weeks.
Kraft Heinz to report half-yearly results on Aug. 8
Kraft Heinz Co said on Wednesday it would report results for the first six months of the year on Aug. 8, its first financial statement since disclosing a more than $15 billion writedown on its iconic Kraft and Oscar Mayer brands.
Baker Hughes beats estimates on international demand, LNG activity
General Electric Co’s oilfield services arm, Baker Hughes, reported a better-than-expected profit, helped by higher LNG markets activity and a rise in international demand for oilfield services, sending its shares up more than 5%.
Fiat Chrysler defies slowdown thanks to North America performance
Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its RAM pick-up brand in North America helped it to defy an industry slowdown.
Fiat Chrysler CEO says it has strong momentum into second half
Fiat Chrysler enters the second half of the year with strong momentum, especially in North America and Latin America, Chief Executive Mike Manley said on Wednesday.
GE posts loss, takes Boeing hit but raises forecast; CFO to leave
General Electric Co raised its 2019 forecast on Wednesday, helped by improvement in its industrial businesses, even as its latest earnings dipped into the red after two profitable quarters, sending shares up 3 percent in premarket trading.
Trade tensions drag on stocks as markets await Fed verdict
Fresh trade war fears weighed on global stocks on Wednesday before a U.S. Federal Reserve meeting, with the dollar holding firm and Britain’s pound subdued on growing fears of a no-deal Brexit.
Apple woos investors with China gain, market value nears $1 trillion
Apple Inc shares rose 4.4% on Wednesday, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of new iPhones in the second half of 2019….
