United plans non-stop flights between New York and Cape Town from December
United Airlines said on Monday it plans to operate non-stop flights between New York and Cape Town thrice a week starting December.
Bank results impede Wall Street; oil falls as Russia mulls more production
World stocks reversed earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, while oil prices fell as Russia mulled boosting production.
UniCredit Group to pay $1.3 billion, German unit to plead guilty in U.S. sanctions resolution
UniCredit Group, Italy’s biggest bank by assets, has agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday.
Boeing brainstorms to regain trust in MAX, Trump urges rebranding
U.S. President Donald Trump on Monday urged Boeing Co to fix and “rebrand” its 737 MAX jetliner following two fatal crashes, while the planemaker said it was brainstorming with airlines over other ways to win back public trust.
Pelosi says Trump’s tariffs on EU missed chance to put joint pressure on China
The United States has missed an opportunity to gain economic leverage over China when it opted to put tariffs on the European Union rather than join forces with it, the Speaker of the U.S. House of Representatives, Nancy Pelosi, said on Monday.
Lagging U.S. healthcare stocks could see short-term boost but clouds linger
Second-quarter strength in U.S. healthcare stocks is almost as reliable for Americans as warming weather and the start of baseball season. This year, however, the already-lagging sector may struggle to sustain any kind of rally.
Harley-Davidson workers ratify new labor contract in Wisconsin
Harley-Davidson Inc’s unionized workers in Milwaukee and Tomahawk, Wisconsin, on Monday ratified a new five-year labor agreement for a 14 percent wage increase over the life of the contract.
Financials drag on Wall Street as bank results underwhelm
Wall Street edged lower on Monday, weighed down by financials as lackluster bank earnings put a damper on investor enthusiasm.
Best Buy replaces turnaround chief Joly with longtime CFO
Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s chief executive officer, the first woman to lead the consumer electronics retailer in its 53-year history.
United Continental pulls 737 MAX flights out of schedule
United Continental Holdings Inc said on Monday it had pulled Boeing Co’s 737 MAX flights out of its schedule through early July, following similar moves by rivals American Airlines Group Inc and Southwest Airlines Co.
