Southwest shares drop as mechanics labor dispute escalates
Southwest Airlines Co’s shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
Wall Street treads water ahead of Fed minutes
U.S. stocks were little changed on Wednesday, as investors awaited the Federal Reserve’s minutes from its January meeting and details on trade talks between the United States and China.
Business jet deliveries rise 3.8 percent in 2018: industry group
Business jet deliveries worldwide rose 3.8 percent on an annual basis to 703 planes in 2018, lifted by demand from North America and the introduction of new models, the General Aviation Manufacturers Association (GAMA) said on Wednesday.
Google fails to disclose microphone in Nest Secure
Alphabet Inc’s Google said on Wednesday it had made an “error” in not disclosing that its Nest Secure home security system had a built-in microphone in its devices.
Volvo Cars raises $215 million in bond issue months after failed IPO
Sweden’s Volvo Cars has raised some 2 billion Swedish crowns ($215 million) in a bond issue just five months after the Chinese-owned carmaker terminated plans for a stock market flotation, blaming trade tensions and a downturn in the sector.
CVS 2019 profit forecast a wide miss, shares fall 9 percent
CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street forecasts due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down as much as 9 percen…
Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm glut concerns – sources
Kinder Morgan Inc will expand barge-loading capacity at its ethanol terminal in Chicago to help relieve a supply glut there that is driving down global prices for the biofuel, three people briefed on the company’s plans told Reuters.
Oil rises 2 percent on hopes of market rebalance, trade deal
Crude prices rose nearly 2 percent on Wednesday, with Brent hitting its highest this year, on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.
Bombardier to deliver handful of Global 7500 jets in first half 2019
Bombardier Inc, the Canadian train and plane maker, will deliver a handful of its new flagship Global 7500 business jets to customers in the first half of 2019, with the remaining 10-15 deliveries expected in the second half, its chief financial office…
Global stocks up on Asia push, muted Wall St. eyes Fed minutes
World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
