U.S. existing home sales unexpectedly rise in May
WASHINGTON (Reuters) – U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage pushed the median home price to an all-time high.
Lockheed wins U.S. Air Force deal for radar threat simulators
PARIS (Reuters) – Lockheed Martin Corp said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-t…
S&P, Dow hurt by energy, banks; biotech boosts Nasdaq
NEW YORK (Reuters) – The S&P 500 and Dow stock indexes were weighed down by falling energy shares as oil prices fell on Wednesday and added to investor concerns about low inflation, while healthcare and technology stocks helped lift the Nasdaq Composite index.
El Al to buy three more Boeing Dreamliners for $729 million
JERUSALEM (Reuters) – El Al Israel Airlines is buying three more Boeing 787 Dreamliners in a deal worth more than $729 million, firming up additional commitments made in 2015, the companies said on Wednesday.
Emirates looking at Saudi Arabia to make up for drop in U.S. demand
PARIS (Reuters) – Emirates, the Middle East’s largest airline, is looking to the region’s biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.
Airbus scoffs at Boeing wins, plays down bounce-back hopes
PARIS (Reuters) – Airbus sales chief John Leahy scoffed at Boeing’s claims about the efficiency of a new 737 jet that has been grabbing orders and headlines at the Paris Airshow, but played down expectations of a last-minute comeback to win the event…
Emirates sees demand returning on U.S. routes weakened by Trump policies
PARIS (Reuters) – Emirates, the Middle East’s largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday.
Uber CEO Travis Kalanick resigns under investor pressure
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under pressure from investors after a string of setbacks. …
Hong Kong’s Li Ka-shing says retirement won’t stop him working
HONG KONG (Reuters) – Hong Kong’s richest man Li Ka-shing said on Wednesday he has not decided when to retire and will stay as group senior advisor after he steps down as the chairman of CK Hutchison Holdings .
Asian central banks have cause to keep holding rates while the Fed hikes
(Reuters) – Asian central banks have not blinked since the Federal Reserve raised U.S. rates for the third time in six months last week.
