Exclusive: New Boeing 737 economy seat supplier books initial sales
NEW YORK (Reuters) – A new supplier of economy-class seats for Boeing Co’s top-selling 737 jetliners has signed its first two airline customers, allowing it to begin production, a person familiar with the matter said on Monday.
Wall Street slips as energy, consumer stocks drag
NEW YORK (Reuters) – Wall Street ended modestly lower on Monday as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.
Carl Icahn on CNBC says a lot of companies are ‘way overvalued’
NEW YORK (Reuters) – Billionaire investor Carl Icahn warned on Monday that many S&P 500 companies are “way overvalued,” considering soft-to-weakening economic growth in the United States as well as in emerging markets.
Exclusive: New Boeing 737 economy seat supplier books initial sales
NEW YORK (Reuters) – A new supplier of economy class seats for Boeing Co’s top-selling 737 jetliners has signed its first two customers, allowing it to begin production, a person familiar with the matter said on Monday.
Oil ends lower on U.S. trade spike; shale decline limits losses
NEW YORK (Reuters) – Oil prices settled down on Monday, weighed by oversupply concerns, with a spike in trade volume driving U.S prices below $50, but losses were limited amid a projected drop in American shale output.
St. Jude forms cyber panel after claims of heart-device bugs
(Reuters) – Medical-device maker St. Jude Medical Inc said on Monday that it planned to set up a medical advisory board focused on cyber-security issues affecting patient care and safety.
Bank of America profit rises on bond trading, cost cuts
(Reuters) – Bank of America Corp , the second-largest U.S. bank by assets, reported its first profit increase in three quarters on Monday, foiling expectations for another drop, as bond trading surged and expenses fell.
Fischer says Fed ‘very close’ to goals for U.S. jobs, inflation
NEW YORK (Reuters) – The Federal Reserve is very close to its U.S. employment and inflation targets, the Fed’s vice chair said on Monday, adding he is therefore “not enthusiastic” about raising the price-level target in an attempt to spur economic grow…
Weak utilities demand restrains U.S. industrial production
WASHINGTON (Reuters) – U.S. industrial production barely rose in September as a rebound in manufacturing and mining output was offset by surprisingly weak demand for utilities, pointing to a moderate acceleration in economic growth in the third quarter…
German minister heading to Iran, Siemens hopes for rail deal
BERLIN (Reuters) – German Transport Minister Alexander Dobrindt will travel to Iran with a trade delegation on Friday to meet the transport and industry minister, his spokesman said on Monday, and an industry source said Siemens would be going too.
