Airbus loses annual jet order race to rival Boeing
Europe’s Airbus gave up a five-year winning streak in its order race against U.S. rival Boeing, slumping to its lowest share of the $150 billion jet market in six years despite a boost from a newly acquired Canadian product, new data showed on Wednesda…
Volkswagen hires Apple executive for autonomous vehicle role
Volkswagen AG said on Wednesday it had hired an executive from Apple as a director responsible for technical development at its commercial vehicles division.
Oil rises more than 2 percent on U.S.-China trade talk hope
Oil prices jumped more than 2 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, but gains were capped by signs of rising U.S. refined product supply.
Lennar sales miss estimates as housing demand slows
Lennar Corp reported lower-than-expected quarterly home sales and orders on Wednesday, confirming fears that the U.S. housing market is slowing in the face of higher interest rates and rising prices after years of robust growth.
Lennar sees improvement in buyer traffic in first quarter
Lennar Corp said it was seeing improvement in buyer traffic in the first quarter of fiscal year 2019 as interest rates begin to ease after climbing to multi-year highs in the past year.
Hopes for U.S.-China trade talks boost stocks, oil
Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism that the United States and China may be inching towards a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
Britain’s ICO fines Cambridge Analytica for failing to comply with order
Cambridge Analytica has been fined 15,000 pounds ($19,120) for failing to comply with an enforcement notice issued in May, Britain’s Information Commissioner’s Office said on Wednesday.
U.S. government says shutdown may slow resolution of CVS/Aetna court process
The Justice Department has said in a court filing that a partial government shutdown could delay its response to comments on pharmacy chain CVS Health Corp’s purchase of health insurer Aetna, a necessary step in a court giving final approval to the dea…
GM workers protest at Oshawa plant in Canada, interrupting output
Workers at General Motors Co assembly plant in Oshawa, Ontario staged a sit-down protest that interrupted production for about two hours on Wednesday morning, a union spokeswoman said, following a similar protest late on Tuesday.
Fed’s Evans sees three U.S. rate hikes in 2019
A Federal Reserve official said on Wednesday he expects three interest-rate rises this year assuming the U.S. economy remains reasonably strong, adding it was a “very good time” to watch how political developments play out.
