Financial, industrial stocks lift S&P 500 above five-month high
The benchmark S&P 500 breached a five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations of a solid second quarter.
Amazon.com’s stock market value hits $900 billion, threatens Apple
Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street’s most valuable jewel.
Novartis hints at 2018 outlook hike despite drug price freeze
Novartis may ratchet up its 2018 sales outlook, its finance chief said on Wednesday, despite halting planned U.S. drug price hikes amid pressure on the industry from President Donald Trump’s administration over the high cost of medicines.
Boeing in talks with Airbus, others for German helicopter bid
Boeing Co is in talks with Airbus and other companies about joining its bid for a 4 billion euro ($4.7 billion) heavy-lift helicopter contract in Germany, the head of business development for Boeing’s defence unit said on Wednesday.
Ryanair says biggest-ever strike to ground 600 flights next week
Ryanair is to cancel more than 12 percent of its flights for two days next week in its biggest-ever strike as cabin crew escalate a staff revolt that began among disaffected pilots last year.
Trump says U.S. may pursue separate trade deal with Mexico
President Donald Trump said on Wednesday the United States may hammer out a trade deal with Mexico, and then do a separate one with Canada later, sowing fresh doubts about the future of the North American Free Trade Agreement (NAFTA).
Two become one? Planemakers work on tech to cut pilot numbers
Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs.
Thyssenkrupp CEO says company needs to hike profitability, restructure
Thyssenkrupp’s new chief executive, Guido Kerkhoff, told employees the conglomerate needs to raise its profitability and restructure its Industrial Solutions and Elevators division to restore credibility with capital markets.
Goldman sees U.S. two-month bill introduced in November
Goldman Sachs analysts said on Wednesday the U.S. government would likely introduce a two-month bill issue at the November refunding and begin raising the auction size of five-year notes by a greater amount than its recent increase.
Factbox: Airbus and Boeing aircraft deals at Farnborough Airshow
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Farnborough Airshow in southern England.
