Bombardier in lead for 999-car New Jersey rail contract: sources
Canada’s Bombardier Inc is the front-runner to win a New Jersey Transit (NJT) rail car contract, two sources familiar with the matter said, in a boost for the plane-and-train-maker’s North American business which has wrestled with delivery delays and …
Airbus to unveil top finance, operational executives: sources
Airbus is poised to make top financial and operational appointments as incoming CEO Guillaume Faury tightens his grip after months of turmoil over corruption investigations and output delays, sources familiar with the matter said.
Oil slumps 7 percent as equities slide fuels demand worries
Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth.
Retail warnings, tech tumble hit Wall Street
The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl’s as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a selloff in technology stocks.
Sainsbury’s-Asda deal could hurt farmers, says union
British supermarket group Sainsbury’s proposed takeover of rival Asda could lead to a further price squeeze for farmers and reduce the choice and innovation of products available for shoppers, the National Farmers’ Union (NFU) said on Tuesday.
Dimming growth prospects send stocks, oil plunging
World equity markets fell on Tuesday, with U.S. stocks hurt by worries over softening demand for the iPhone and corporate growth prospects, while oil prices sank on concerns about rising global supply.
Kohl’s profit forecast misses estimates, shares slip
Kohl’s Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season.
Target shares tumble after profit miss, big jump in inventories
Target Corp said on Tuesday that third-quarter profit missed estimates as investments in its online business, higher wages in a tight labor market and price cuts hurt margins and a big jump in inventories ahead of the critical holiday season worried i…
German watchdog asks Deutsche for information on Danske: source
Germany’s financial watchdog has asked Deutsche Bank to provide information on its dealings with Danske Bank , which is caught up in money laundering allegations, a source close to the matter said on Tuesday.
Nippon Steel braces for weaker prices amid fears over China slowdown
Japan’s top steelmaker Nippon Steel & Sumitomo Metal Corp is bracing for a weaker steel market in Asia because the escalating Sino-U.S. trade war may crimp steel demand in top buyer China and in Southeast Asia, a senior executive said.
