Boeing expects 737 MAX-9 to fly in April as larger version takes shape
SEATTLE (Reuters) – Boeing Co said on Tuesday it plans to fly its new 737 MAX-9 aircraft for the first time in April, a further sign the company will start delivering the large version of the workhorse plane in 2018.
U.S. producer inflation boosted by higher energy prices
WASHINGTON (Reuters) – U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products, but a strong dollar continued to keep underlying inflation at the factory gate tame.
GM in talks to sell European auto business to Peugeot
LONDON/FRANKFURT (Reuters) – In a move that could shake up the global auto industry, General Motors Co and French automaker PSA Group said on Tuesday they are in talks that could result in PSA buying GM’s European auto operations.
T-Mobile U.S. quarterly revenue, profit beat estimates
(Reuters) – T-Mobile US Inc, the No.3 U.S. wireless carrier, reported quarterly profit and revenue above estimates as promotional offers helped add more subscribers.
Electric car boom spurs investor scramble for cobalt
LONDON (Reuters) – Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis.
Credit Suisse flags 6,500 job cuts in 2017 after $2.4 billion loss
ZURICH (Reuters) – Credit Suisse will cut up to 6,500 more jobs in 2017, as Chief Executive Tidjane Thiam pushes ahead with a major restructuring which he said on Tuesday might now no longer include floating the bank’s Swiss business.
Markets underestimating pace of Fed rate hikes: Lacker
NEWARK, Del. (Reuters) – The Federal Reserve will likely have to raise interest rates more rapidly than financial markets currently expect given that any new policies by the Trump administration, while uncertain, will force the Fed’s hand, a hawkish ce…
South Korean prosecution again seeks arrest of Samsung chief
SEOUL (Reuters) – South Korea’s special prosecutor’s office said on Tuesday it would again seek a warrant to arrest Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye.
Trump rally gives way to caution as Yellen testimony looms
LONDON (Reuters) – Stocks flatlined and the dollar dipped on Tuesday as caution set in before testimony from Federal Reserve chief Janet Yellen that may offer clues to the timing of the next U.S. interest rate rise.
Delays, confusion as Toshiba reports $6 billion nuclear hit and slides to loss
TOKYO (Reuters) – After a day of delays and confusion, Japan’s Toshiba Corp said on Tuesday it expected to book a $6.3 billion hit to its U.S. nuclear unit, a writedown that wipes out its shareholder equity and will drag the group to a full-year loss….
