Fiat Chrysler to recall 862,520 U.S. vehicles over excess emissions
Fiat Chrysler Automobiles NV will recall 862,520 gasoline-powered vehicles in the United States that do not meet U.S. emissions standards, the Environmental Protection Agency said on Wednesday.
Ethiopia crash black boxes still in Addis Ababa: airline
Two black box recorders recovered from the crash of Ethiopia Airlines flight 302 are still in the capital Addis Ababa as discussions continue about where in Europe to send them, the airline said on Wednesday.
Philip Morris says Indian partner charges machinery costs; calls it ‘business expense’
Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investme…
Exclusive: Portugal’s EDP could create Latam JV with China Three Gorges if takeover bid fails – sources
Portugal’s Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant’s bid to take over EDP fails, people familiar with the matter said…
Wall Street rises at open after tame inflation data; Boeing turns higher
U.S. stocks opened higher on Wednesday after a fresh set of economic data supported the Federal Reserve’s patient stance on future rate hikes, while Boeing rose for the first time in three days since a fatal crash of its aircraft in Ethiopia.
U.S. business spending on equipment increases strongly in January
New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, pointing to solid business spending on equipment at the start of the year.
Explainer: Why Germany wants a merger to underpin Deutsche Bank
The German government has pressured Deutsche Bank into merger talks with state-backed Commerzbank amid concerns for the health of the country’s flagship bank, according to officials familiar with the matter.
Del Vecchio wants to split powers with aide as EssilorLuxottica seeks CEO
The top shareholder in EssilorLuxottica sought to ease concerns over governance at the merged Franco-Italian group on Wednesday by saying he would not insist on his right-hand man becoming chief executive of the combined company.
Norwegian Air to seek compensation from Boeing for MAX groundings
Norwegian Air said on Wednesday it will seek compensation from plane maker Boeing for costs and lost revenue after grounding its fleet of 737 MAX 8 aircraft in the wake of the Ethiopian Airlines crash.
Travel firms modify search options, bookings after Boeing groundings
Travel agents and websites have begun to respond to consumer concern and the grounding of Boeing’s 737 MAX planes, by changing policies and introducing options to allow customers to choose the type of aircraft they wish to fly on.
