United Tech to pay $14 million for illegal foreign payments: U.S. SEC
United Technologies Corp will pay $13.9 million to settle charges it made illegal payments or provided trips and gifts to officials from Azerbaijan, China, Kuwait, South Korea, Pakistan, Thailand and Indonesia in order to obtain business, the top U.S. …
Boeing 737 recovery plan ‘taking hold’ after factory snarl: CEO
Boeing expects to deliver roughly as many 737 narrowbody jetliners in September as the company delivered in August as it works to bounce back from a manufacturing logjam triggered by supplier delays, its chief executive officer said on Wednesday.
Mexico must be ready for bilateral U.S. trade deal: minister
Mexico expects U.S.-Canada talks on trade to yield an agreement, but Mexico must be ready to pursue a bilateral trade deal with the United States if Ottawa and Washington do not come to terms, Mexican Economy Minister Ildefonso Guajardo said on Wednesd…
Online firms face EU fine if extremist posts stay up over an hour
The European Union’s chief executive on Wednesday proposed hefty fines on Google, Facebook, Twitter and other online platforms if they fail to remove extremist content within one hour.
Macy’s to hire 80,000 for holiday rush, boost online staffing
Macy’s Inc said on Wednesday it would hire 80,000 temporary workers for the holiday season, in line with last year’s initial hiring, and deploy more hands to cater to the avalanche of online orders expected in the shopping period.
Trade optimism, energy stocks lift Dow; tech slide hits Nasdaq
The Nasdaq fell on Wednesday, weighed down by a drop in Apple and other companies on fears of further regulation, while a rise in energy stocks and a report of fresh U.S.-China trade talks helped keep the S&P afloat and boosted the Dow Industrials.
Global stocks look for direction in trade strife, oil prices leap
An index of global stocks rose on Wednesday, helped by a report that Washington is proposing a new round of trade talks with Beijing and as resurgent oil prices pumped up energy shares.
Blackstone, Centerbridge consider joint bid for Santander HQ in Spain: sources
U.S. investors Blackstone and Centerbridge are considering a 3 billion-euro ($3.5 billion) offer for Banco Santander’s headquarters in Madrid, two sources with knowledge of the matter said on Wednesday.
VW ex-CEO, Bosch CEO won’t testify in Stuttgart trial: judge
Former Volkswagen (VW) Chief Executive Martin Winterkorn and Bosch CEO Volkmar Denner are no longer expected to testify in a trial brought against VW’s main shareholder Porsche SE by investors, according to a judge.
Apple website suggests new iPhones to be named XS, XS Max, Xr
Apple Inc is set to unveil three new iPhones on Wednesday, named XS Max, XS and Xr, according to coding on the company’s website spotted by tech news blog ATH, confirming expectations that the company is making only minor changes to its lineup based on…
