Canada, Europe to choose when 737 MAX is safe as regulators meet
In a potential challenge to U.S.-led efforts to build consensus on the Boeing Co 737 MAX flying again, Canada and Europe said on Wednesday they would bring back the grounded aircraft on their own terms if their specific concerns are not addressed.
Oil loses about 2% on swelling U.S. stockpiles, demand worries
Oil prices fell about 2% on Wednesday as an unexpected build in U.S. crude inventories compounded investor worries that a trade fight between Washington and Beijing could dent crude demand over the long haul.
Fed’s patience on interest rates to last ‘for some time’
U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place “for some time,” a further sign policymakers see little need to change rates in either direction.
Fed’s Kaplan says U.S. rates are on the right setting: FOX
The U.S. economy should grow at a solid 2.25-2.50% rate this year, with inflation moving up to the Federal Reserve’s target, putting rates in the right place, a top Fed official said on Wednesday.
GE needs to end infighting, fix quality, tighten management: CEO
General Electric Co, once seen as the epitome of corporate greatness, is trying to end infighting between its divisions, tighten up management and fix quality problems in its products, Chief Executive Officer Larry Culp said on Wednesday.
Fed’s Kaplan says U.S. is ‘flirting’ with yield curve inversion
U.S. bond markets are “flirting” with a yield curve inversion that could signal slower economic growth ahead, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.
U.S. judge appoints Ken Feinberg mediator in mandated Bayer Roundup settlement talks
A U.S. judge has appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG’s glyphosate-based Roundup weed killer caused cancer.
T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say
Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said.
Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress
Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support to one day regulate the technology.
Daimler CEO announces sweeping cost review as he bows out
Daimler’s Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz.
