Boeing’s new chief faces concern over potential charges
NEW YORK (Reuters) – When Dennis Muilenburg talks about Boeing Co’s quarterly results on Wednesday, his first as chief executive and chairman, he likely will face questions about two tough issues: making profits on the 787 Dreamliner and the KC-46 tank…
Cheap oil smudges Exxon’s long-held sterling credit rating
(Reuters) – Exxon Mobil Corp lost its top-tier credit rating from Standard & Poor’s on Tuesday – the first time in almost 70 years, as an oil price rout makes it tougher for the largest producer of crude to fund projects and return big amounts of cash to shareholders.
Earnings could mark end to rally in U.S. media stocks
NEW YORK (Reuters) – U.S. fund managers’ newfound love of media stocks will soon be put to the test.
House Democrats question if Valeant is withholding records
WASHINGTON (Reuters) – Democrats on a powerful U.S. congressional panel are questioning whether Canada-based Valeant Pharmaceuticals may be wrongfully withholding documents in connection with its ongoing probe into sky-rocketing drug prices, according …
P&G profit beats estimates on cost cuts, price hikes
(Reuters) – Procter & Gamble Co , the maker of Tide detergent and Gillette shaving products, reported a better-than-expected quarterly profit, boosted by cost-cutting and higher selling prices.
Bankrupt SunEdison to sell part of its Chile assets to Colbun
SANTIAGO (Reuters) – Solar developer SunEdison Inc , which filed for Chapter 11 bankruptcy protection on Apr. 21, has agreed to sell two energy projects in Chile to power company Colbun for an undisclosed amount, both companies said on Tuesday.
DuPont expects SEC review of Dow deal to end by June 30
(Reuters) – DuPont said on Tuesday it expected the U.S. Securities and Exchange Commission’s review of its proposed merger with Dow Chemical Co to be completed by the end of June.
VW takes global sales lead from shutdown-hit Toyota
BERLIN (Reuters) – Volkswagen eclipsed Toyota as the world’s top-selling carmaker in the first quarter as the Japanese rival grappled with a series of production stoppages.
U.S. proposes rule to shrink big banks’ liquidity risk
WASHINGTON (Reuters) – The top U.S. banking regulator on Tuesday released its proposal for establishing a Net Stable Funding Ratio, a final piece in the puzzle to strengthen banks’ liquidity in case they come under financial stress.
Fed begins two-day policy meeting: official
WASHINGTON (Reuters) – The Federal Reserve started a two-day policy meeting on Tuesday, a Fed official said, in which the central bank is expected to leave interest rates steady.
