Volkswagen to stop production of iconic Beetle in 2019
Volkswagen said on Thursday it would stop producing its Beetle compact car globally in 2019, ending a model that looked backward to the 1960s counter-culture as the automaker prepares for a leap toward a future of mass-market electric cars.
Wall Street rises with Apple, easing trade fears
Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States.
Canada PM says he wants a good NAFTA deal soon, hazy on deadline
Canadian Prime Minister Justin Trudeau said on Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that the end of September was the final deadline for talks.
Atlanta Fed’s Bostic: Rate hikes can continue for several more quarters
There may be room for the U.S. jobs market to improve further without pressure on inflation, an argument for the Fed to be patient as it considers further rate increases, Atlanta Federal Reserve bank president Raphael Bostic said on Thursday.
Company veteran named Airbus sales chief after ex-Rolls executive quits
Airbus named its second new sales chief in less than a year on Thursday after chief commercial officer Eric Schulz abruptly resigned nine months after being poached from Rolls-Royce to lead the battle for jet sales against Boeing.
GM to recall about 1.2 million vehicles worldwide
General Motors Co is recalling 1.205 million pickup trucks and sport utility vehicles worldwide due to issues with a temporary loss of power steering, the No.1 U.S. automaker said on Thursday.
JPMorgan sees small drop in third-quarter markets revenue vs year earlier
Third-quarter markets revenue at JPMorgan Chase & Co is down by a small percent from a year earlier after adjusting for tax law changes, Chief Financial Officer Marianne Lake said at an investor conference on Thursday.
Second round of tariff-related aid to farmers may come in December: USDA
A second round of tariff-related aid to U.S. farmers could be announced in December, according to a white paper released by the U.S. Department of Agriculture on Thursday.
Ex-Deerfield partners get prison in case over U.S. agency leaks
Two former partners of the hedge fund Deerfield Management were sentenced to three years in prison on Thursday after being convicted of taking part in what prosecutors have described as an insider trading scheme based on leaks from within a federal hea…
Amazon’s Jeff Bezos commits $2 billion to help homeless, pre-schools
Jeff Bezos, Amazon.com Inc’s founder and the world’s richest person, said on Thursday he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities.
