What’s not to like? Boeing, Embraer defend planned deal
Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory and shareholder approvals while launching Embraer into new markets.
Weak oil prices offset Bank of America-led earnings optimism
U.S. stocks were trading flat on Monday as a sharp drop in crude oil prices weighed on energy companies, offsetting a rebound in financials stocks after Bank of America’s strong results reinforced expectations of a strong earnings season.
BlackRock reports weaker demand for index funds, shares dip
BlackRock Inc , the world’s biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped.
BlackRock is evaluating cryptocurrencies, CEO says
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand.
IMF warns U.S. vulnerable in escalating trade fight
The International Monetary Fund warned on Monday that escalating and sustained trade conflicts are increasingly likely, threatening to derail economic recovery and depress medium-term growth prospects.
Britain showcases model of new fighter jet Tempest
Britain’s Defense Minister Gavin Williamson unveiled a model of the country’s proposed new fighter jet named Tempest at the Farnborough Airshow on Monday, and said it would seek international partners to help develop the project.
Wall Street opens flat as weak oil prices offset earnings enthusiasm
U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America.
Jetmakers see brisk start to air show as UK tries to soothe Brexit worries
Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.
Boeing says Goshawk Aviation Limited orders 20 737 max 8 jetliners
Boeing Co said on Monday that leasing company Goshawk Aviation Limited placed an order for 20 737 MAX 8 single-aisle jetliners.
Amazon workers strike in Germany, joining action in Spain and Poland
Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
