Hyundai to debut Genesis premium brand in China in two-three years: executive
HANAM, South Korea (Reuters) – South Korea’s Hyundai Motor will launch its standalone premium auto brand Genesis in China within two to three years, betting on a luxury lane to profit as competition bites at the lower end of the world’s biggest auto m…
Wall Street extends Fed-fueled rally; Nasdaq hits new high
(Reuters) – U.S. stocks climbed on Thursday, with big tech names leading broad gains, building on strength from a day earlier that was fueled by the Federal Reserve’s decision to stand pat on interest rates.
Senators seek Labor Department probe of Wells Fargo
WASHINGTON (Reuters) – Eight U.S. Democratic senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who st…
VW halts Golf assembly at core plant over technical problems
BERLIN (Reuters) – Volkswagen said it will halt production of the Golf hatchback at its core Wolfsburg factory for three days starting on Friday because of technical problems at a stamping plant.
U.S. money market rules already affecting markets, sparking debate
WASHINGTON (Reuters) – New U.S. rules intended to prevent runs on money market funds are already sending tremors through markets and sparking debates on Capitol Hill, even though they are still weeks away from coming fully online.
U.S. companies welcome to invest in Iran, says Rouhani
NEW YORK (Reuters) – Iran’s President Hassan Rouhani said on Thursday that American companies were welcome to invest in Iran.
Airbus confident in supplier’s plans to fix engine delays
(Reuters) – The commercial aircraft unit of Airbus Group SE is confident in plans from engine maker Pratt & Whitney to solve production delays for its next-generation single-aisle planes, the A320neo, Chief Operating Officer for Customers John Leahy said Thursday.
U.S. FCC fines Siemens $175,000 for failing to disclose felonies
WASHINGTON (Reuters) – Siemens Corp and Siemens Medical Solutions, units of Siemens AG , have agreed to pay a $175,000 fine for failing to disclose corporate felony convictions to the Federal Communications Commission, the agency said on Thursday.
Boeing still studying larger 737 max 10 to enter service after 2019
Seattle (Reuters) – Boeing Co is still studying whether to build a larger version of its best-selling 737 aircraft to counter runaway sales by rival Airbus of a large version of its competing plane, a senior executive said.
IATA slams ‘catastrophic’ tax haven ruling in Brazil
BRASILIA (Reuters) – The International Air Transport Association urged Brazil on Thursday not to list Ireland as a tax haven, a decision that would increase taxes on aircraft leases for Brazilian carriers struggling to regain profitability.
