United Airlines suspends Newark-Mumbai flights over Iran airspace concerns
United Airlines said it had suspended flights from New Jersey’s Newark airport to the Indian financial capital of Mumbai following a safety review after Iran shot down a high-altitude U.S. surveillance drone.
Foxconn chairman hands over reins to new committee
Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to run for president of Taiwan at election next year.
Asian stocks fail to catch Wall Street’s Fed cheer as trade angst dominates
Asian stocks struggled on Friday to track Wall Street’s exuberance about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded the investor mood in the region.
Oil prices extend gains amid Middle East tensions, rate cut hopes
Oil prices rose on Friday, with Brent crude heading for its first weekly gain in five weeks on tensions in the Middle East after Iran shot down a U.S. military drone and on hopes for a drop in U.S. interest rates that may stimulate global growth.
Nissan grants Renault execs boardroom seats, ending dispute
Japan’s Nissan said on Friday it would grant alliance member Renault’s representatives seats on key committees of its board, ending a dispute between the two automakers.
Walmart to pay $282 million to settle seven-year global corruption probe
Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act.
Risks to Wall Street’s rally abound despite record high
The benchmark S&P 500 index hit a record high on Thursday as an almost giddy euphoria over the prospects of a U.S. interest rate cut fueled the appetite for equities, but there are plenty of pitfalls that could throw the stock market off course.
Investor LGIM dumps ExxonMobil from its Future World funds
Britain’s biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World funds, and said it would vote against their chairs for failing to confront the threats posed by climate change.
Apple, Keurig Dr Pepper, Dollar Tree, Fitbit press U.S. to drop China tariff plan
Apple Inc, Keurig Dr Pepper Inc, Dollar Tree Inc and Fitbit Inc have joined other companies in filing letters of opposition to a Trump administration plan for more U.S. tariffs on Chinese goods, including iPhones, MacBooks, and single-serve coffee brew…
FTC objects to Qualcomm submission of Apple documents in antitrust case
The U.S. Federal Trade Commission on Thursday objected to a move by mobile chip supplier Qualcomm Inc to introduce internal Apple Inc documents in its fight to stop the enforcement of a May antitrust ruling.
