Trump has no position on Boeing’s 737 Max, but says it must be fixed to fly: Mnuchin
U.S. President Donald Trump has no position on Boeing Co’s grounded 737 Max aircraft except that the plane’s flaws must be fixed if the company wants to win U.S. approval to fly it again, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
Facebook to pay $100 million to settle with SEC over misuse of user data
Facebook Inc agreed to pay a $100 million fine to settle charges by the U.S. Securities and Exchange Commission that it misled investors for more than two years about the misuse of its users’ data, the regulator said on Wednesday.
Anthem shares sink as cost concerns overshadow earnings beat
Anthem Inc shares fell as much as 4% on Wednesday after the U.S. health insurer missed Wall Street expectations for a key medical cost gauge as a result of higher costs of selling Medicaid health plans for low-income customers.
Caterpillar earnings fall on cooling demand
Caterpillar Inc’s on Wednesday reported lower quarterly earnings, hurt by cooling demand for construction machines in Asia-Pacific as well as weak sales at its energy and transportation division.
UPS profit beats on higher e-commerce deliveries
United Parcel Service Inc , which is the world’s largest package delivery company, beat second-quarter profit estimates on Wednesday, driven by increased demand in domestic shipment from e-commerce companies.
Dunkin’ to add Beyond Meat sausages in breakfast sandwiches
Dunkin’ Brands Group Inc said on Wednesday it would add vegan burger maker Beyond Meat Inc’s plant-based sausages to its breakfast menu at stores in Manhattan.
Boeing sinks to $3 billion loss on MAX groundings
Boeing Co reported a nearly $3 billion second-quarter loss on Wednesday as the world’s largest planemaker struggles with the prolonged grounding of its best-selling 737 MAX jet, sending its shares lower in early trading.
Trade talks buoy stocks, gloomy data sink euro
Global shares held on to recent gains on Wednesday as the prospect of new China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro before a European Central Bank policy meeting.
GSK predicts smaller fall in 2019 profit after standout quarter for Shingrix
GlaxoSmithKline Plc on Wednesday forecast a smaller than previously estimated fall in full-year profit after the British drugmaker beat profit consensus for the second quarter due to demand for its fast-growing Shingles vaccine.
Nasdaq beats quarterly profit on strength in non-trading units
U.S. exchange operator Nasdaq Inc beat analysts’ estimates for second-quarter profit on Wednesday, as a boost in its non-trading businesses, including information services, overshadowed a softer trading environment.
