United sees Boeing’s 737 MAX flying this summer, deliveries before year-end
United Airlines expects Boeing Co’s grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension.
FCC chairman opposes China Mobile bid to provide U.S. services
Federal Communications Commission chairman Ajit Pai said on Wednesday he opposes China Mobile Ltd’s bid to provide U.S. telecommunications services and that the commission will vote on whether to deny the application in May.
U.S. trade deficit hits eight-month low on weak Chinese imports
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and economic growth in the first quarter.
Ford forecasts $1 billion profit improvement from Michigan truck plant
Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday.
EU states force clearing of Estonian, Danish regulators over Danske Bank
National banking supervisors who control the European Union banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member…
Wall Street dips as healthcare slide offsets chip boost
U.S. stocks headed lower on Wednesday, as a selloff in healthcare stocks extended for a second day, overshadowing a rally in chipmakers led by Qualcomm.
German official hopes EU tariffs don’t impede U.S. trade pact
A senior German official said on Thursday the European Union had no choice but to threaten tariffs on U.S. imports in a dispute over aircraft subsidies, but he hoped trade tensions would not affect talks with Washington over a broader trade agreement.
Oil pares gains as U.S. fuel stocks draw less than expected
Crude prices pared gains Wednesday, pulling off a 2019 high as U.S. government data showed inventories drew down less than an industry report had suggested on Tuesday.
Wall Street banks under pressure to make deeper cost cuts
Top U.S. banks must make deeper cost cuts to drive earnings growth, with revenue expected to remain under pressure for the foreseeable future, analysts said.
Apple accused in U.S. lawsuit of securities fraud over iPhone sales in China
Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones, particularly in China, leading to a $74 billion one-day slide in its market value once the truth became known. The complaint filed on Tuesday se…
