Lufthansa, Ryanair dispute over planes for Austrian carrier Laudamotion
Lufthansa plans to end an agreement to lease planes to Laudamotion, saying the Austrian holiday airline has failed to meet payments, leading to a dispute with its backer Ryanair .
Fed emphasizes ‘solid’ U.S economic growth, repeats gradual approach
The Federal Reserve on Friday pointed to “solid” U.S. economic growth during the first half of the year in its semi-annual report to Congress, where it also reiterated that it expected to continue to raise interest rates gradually.
Build-A-Bear CEO apologizes after ‘heartbreaking’ sale crowds
Build-A-Bear Workshop Inc’s chief executive on Friday apologized to disappointed customers and offered an extended discount, a day after its one-day pay-your-age event prompted massive crowds and shortages at some stores.
Trump to talk to Russia’s Putin about substantially reducing nuclear weapons
U.S. President Donald Trump said he would discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin but cautioned that a “rigged witch hunt” in the United States was hampering efforts to improve relations.
Wall Street flat as industrials offset slide in bank stocks
U.S. stock indexes were little changed on Friday as a slide in financials on the three big Wall Street banks reporting mixed results was offset by gains in industrials as the U.S.-China trade rhetoric eased overnight.
SEC bribery lawsuit against Och-Ziff executives is dismissed
A federal judge has dismissed the U.S. Securities and Exchange Commission’s lawsuit accusing two former Och-Ziff Capital Management Group LLC executives of masterminding a scheme to funnel tens of millions of dollars of bribes to African officials.
Dollar hits two-week high on U.S.-China trade fears
The dollar rose on Friday to a two-week peak against a basket of currencies after data showing a record Chinese trade surplus, which may add fuel to U.S.-China trade tensions, spurring more investors to pile into the safety of the greenback.
Wells Fargo profit misses estimates on hefty expenses, decline in loans
Wells Fargo & Co posted a quarterly profit that fell short of analyst estimates on Friday as expenses increased due to former missteps and lending activity dropped, sending its shares down 4 percent in early trade.
Do Brexit how you want so we can do a trade deal, Trump tells UK PM May
U.S. President Donald Trump said on Friday he looked forward to finalizing a post-Brexit trade deal with Britain, striking a contrasting tone to a newspaper interview when he said Prime Minister Theresa May’s strategy would kill such an agreement.
Citigroup profit beats on consumer banking, but revenue disappoints
Citigroup Inc’s quarterly profit topped Wall Street estimates on strength in its consumer banking business, but revenue missed expectations, weighed down by lower debt underwriting.
