China aims for 30 million annual auto production capacity by 2020: industry association
BEIJING (Reuters) – China will aim to have the capacity to make 30 million autos a year by 2020, according to an industry association, a figure that is lower than analysts’ estimates of its current annual production capacity.
Bombardier running out of options as family resists pressure to reduce control
MONTREAL/WASHINGTON/PARIS (Reuters) – Bombardier is running out of options as the Canadian aircraft maker seeks to raise the cash for the new jet that potentially would allow it to challenge the supremacy of Boeing and Airbus in global jetliner sales, …
Delta CEO warning prompts questions about Boeing 777 production levels
NEW YORK/PARIS (Reuters) – An airline’s warning of a “bubble” in the market for used jetliners shows how vulnerable Boeing Co may be because of slowing sales of its widebody 777 jets, and fueled speculation that it may have to cut the plane’s production rate.
American Apparel sees bright future after bankruptcy
WILMINGTON, Del (Reuters) – If American Apparel gets the bankruptcy turnaround it envisions, the fashion chain will soon have its most profitable years ever, according to court documents filed on Thursday.
Fed policymakers downplay divisions on U.S. rate hike
WASHINGTON/NEW YORK (Reuters) – Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, one Fed official said on Thursday, while another said th…
Valeant subpoenaed by U.S. prosecutors; shares drop
(Reuters) – Valeant Pharmaceuticals International Inc , already under fire over steep price hikes for two heart drugs, said it had been subpoenaed by U.S. prosecutors seeking details on its patient assistance programs, drug pricing and distribution pra…
Federal Reserve policymakers downplay divisions on U.S. rate hike
WASHINGTON/NEW YORK (Reuters) – U.S. Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, one Fed official said on Thursday, while another sa…
Wall Street jumps to eight-week high on financials, healthcare
(Reuters) – A tame inflation reading and strong earnings from Citigroup led investors to pile back into stocks on Thursday, pushing Wall Street to its best level in eight weeks.
Fed’s Mester renews call for U.S. rate hike
NEW YORK (Reuters) – The Federal Reserve should begin to hike rates because the U.S. economy has virtually reached full employment and inflation is gradually rebounding, a top Fed official said on Thursday.
Wall Street bonuses likely to plunge as trading revenue drops
NEW YORK (Reuters) – Wall Street bankers and traders are likely to get smaller bonuses for 2015 as trading revenue plunges.
