BMW promotes Oliver Zipse to CEO
German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.
Union Pacific cost cuts sheltered profit amid freight slowdown
Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions.
Trade, earnings caution weigh on stocks; oil drops
A gauge of global stocks lost ground for a third straight session on Thursday on worries over how the trade war between the United States and China could take a toll on corporate earnings, while oil prices dropped on expectations of rising output.
Trump to meet with airline CEOs on Qatar flights
U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Airways to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.
Trump to meet airline executives to discuss ‘competition and transparency’
U.S. President Donald Trump will meet with top executives from a handful of airlines on Thursday to discuss “competition and transparency,” a White House official said.
Airline chiefs at White House with concerns over Open Skies agreement; subsidies by Qatar, UAE
U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.
Transport app FlixMobility gets Germany’s biggest tech funding round to drive growth
Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany’s biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday.
Wall Street falls as Netflix adds to earnings jitters
Wall Street’s main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies.
Oil falls nearly 3% as U.S. Gulf production returns
Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region.
Blackstone reports better-than-expected Q2 distributable earnings
Blackstone Group Inc , the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose 1% year-on-year, more than most analysts expected.
