U.S. close to resolving tariff dispute with Canada, Mexico: Mnuchin
The United States is close to resolving a dispute over steel and aluminum tariffs with Canada and Mexico, U.S. Treasury Secretary Steven Mnuchin said on Wednesday, but Canada’s foreign minister avoided direct comment on the prospects for a deal.
MBDA boss faces battle of wits as Airbus strategy chief
The chief executive of European missile maker MBDA is returning to Airbus as head of strategy as the planemaker seeks to modernize its factories and explore future options in defense.
Trade war hurting the U.S. ethanol industry ‘badly’: U.S. Grains Council
The U.S.-China trade war is hurting the U.S. ethanol industry “badly,” Mike Dwyer, chief economist of the U.S. Grains Council, said on Wednesday at an event at New York Sugar week:
Cisco quarterly earnings beat estimates; shares rise
Cisco Systems Inc reported quarterly earnings above analysts’ estimates on Wednesday, boosted by growth in its traditional business of selling switches and routers, as well as strength in its focus areas such as cyber security.
U.S. judge dumps ‘Pooey Puitton’ lawsuit against Louis Vuitton
Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton.
Global stocks gain after Trump auto-tariff delay, weak data pressures yields
U.S. and European stock indexes gained on Wednesday after news that U.S. President Donald Trump planned to delay tariffs on auto imports, offsetting earlier pressure on equities from weak U.S. and Chinese economic data that helped depress bond yields.
Wall St. ends higher as trade worries ease
U.S. stocks closed higher on Wednesday as reports that U.S. President Donald Trump would hold off on imposing tariffs on imported cars and parts eased growth concerns even as economic data disappointed investors.
GE says it needs time for power-plant unit to recover
General Electric Co tamped down enthusiasm about a quick recovery in its power-plant unit on Wednesday, and an analyst said the company was not “telling the whole story” about purported market-share gains at its ailing power unit.
Boeing made mistakes on 737 MAX says Southwest CEO, hopeful planes return in U.S. summer
Boeing Co made mistakes with its 737 MAX planes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he said he is still hopeful that the jets grounded after two crashes will return to …
Canada’s Freeland: U.S. tariffs would make USMCA ratification problematic
Canadian Foreign Minister Chrystia Freeland said on Wednesday that ratification of the U.S.-Mexico-Canada trade agreement would be very problematic as long as U.S. tariffs on steel and aluminum remain in place.
