Pence to visit Michigan to tout new North American trade deal
U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday.
U.S. expands air bag defect probe to 12.3 million vehicles
The U.S. National Highway Traffic Safety Administration is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls, it said on Tues…
Harley-Davidson points to tariff impact as Trump weighs in
Harley-Davidson Inc stuck with a cautious outlook for 2019 on Tuesday that indicated its struggles with long-term competitive problems even as President Trump changed tune on the company, promising to stand up for it in global trade talks.
PIRC advises against re-appointing Muilenburg as Boeing chairman and CEO
Pensions & Investment Research Consultants (PIRC), which advises pension schemes and other investors, recommended on Tuesday that investors in Boeing oppose the re-election of Dennis A. Muilenburg as chairman and chief executive officer.
United Technologies raises full-year profit forecast on Rockwell lift
United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout of the Boeing 7…
S&P 500 flirts with record high on upbeat earnings
The S&P 500 was within striking distance of its all-time high on Tuesday as better-than-expected results from Twitter and a host of industrial companies eased concerns about slowing corporate profits.
Oil surges amid OPEC caution to offset Iran sanctions
Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude.
Factbox: Strait of Hormuz – the world’s most important oil artery
Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes.
Oil advances anew, stocks gain on upbeat results
European energy shares had their best day since January on the back of higher oil prices on Tuesday while Wall Street rose on upbeat results that eased fears of slowing profits.
BMW to buy cobalt direct from Australia, Morocco for EV batteries
German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labor, an executive said on Tuesday.
