FAA expects Boeing to submit 737 MAX fix soon for approval
Federal Aviation Administration acting chief Dan Elwell told lawmakers on Wednesday he expects Boeing Co to submit a software fix for the grounded 737 MAX involved in two fatal crashes for approval soon, and said he was concerned by the planemaker’s le…
Exclusive: Kone explores options for potential Thyssenkrupp elevator deal – sources
Finland’s Kone is assessing the viability of a bid for Thyssenkrupp’s 14 billion euro ($15.7 billion) elevators division even as the German conglomerate pursues plans to list it on the stock exchange, four people familiar with the matter said.
U.S. tariffs against Airbus would harm Delta: airline official
U.S. imposition of tariffs against the European Union over aircraft subsidies would cause “serious harm” to Delta Air Lines since the U.S. carrier is already under contract to buy several billion dollars worth of Airbus aircraft, a senior airline offic…
U.S. close to resolving tariffs row 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 as high-level American and Canadian officials prepared to meet to discuss trade issues.
Wall St. turns higher as Trump likely to delay auto tariffs
U.S. stocks reversed course to trade higher on Wednesday after a report that President Donald Trump may delay a decision to impose auto tariffs, offering respite to markets worried about slowing global growth after a batch of weak economic data.
Ubisoft’s fourth quarter misses company’s expectations
French video game producer Ubisoft on Wednesday reported fourth-quarter net bookings of 676.7 million euros, below company’s expectations of approximately 698.0 million euros.
GE’s power unit to be ‘significantly’ cash flow negative this year: CFO
General Electric Co expects its core power-plant business to lose significant cash this year and does not expect large improvement in that unit’s cash flow margins for at least three years, the company’s chief financial officer said on Wednesday.
Brazil’s Embraer posts quarterly loss due to fewer plane deliveries
Embraer SA reported a $42.5 million loss for the first quarter on Wednesday, its fifth straight quarter of losses, as revenue fell amid fewer plane deliveries and as the Brazilian planemaker spent heavily ahead of a deal with Boeing Co.
U.S. close to resolving steel, aluminum tariffs with Canada, Mexico: reports
U.S. Treasury Secretary Steven Mnuchin on Wednesday said the United States is close to resolving steel and aluminum tariffs with Canada and Mexico, the Wall Street Journal reported.
U.S., European shares strengthen after Trump auto-tariff delay
U.S. and European stock indexes erased losses and turned positive on Wednesday after news that U.S. President Donald Trump planned to delay tariffs on auto imports, outweighing earlier pressure on equities and government bond yields caused by weak U.S….
