Airlines’ summit highlights shift of power to Gulf carriers
DOHA/DUBAI (Reuters) – Qatar sealed its position at the center of a new aviation map this week as host to the annual meeting of the global airline industry’s International Air Transport Association (IATA), but the Gulf country and its neighbors drew cr…
France takes U.S. to task over BNP Paribas fine
PARIS/NEW YORK (Reuters) – France stepped up its protests to the United States on Tuesday over a possible $10 billion-plus sanctions busting fine for its biggest bank BNP Paribas , saying such a move could hurt transatlantic free-trade talks.
U.S. factory orders, auto sales buoy growth outlook
WASHINGTON (Reuters) – New orders for U.S.-made factory goods rose for a third straight month in April and automakers reported robust vehicle sales in May, boosting the outlook for second-quarter economic growth.
Wall St. ends a bit lower a day after Dow, S&P set records
NEW YORK, (Reuters) – U.S. stocks dipped in thin volume on Tuesday, with the Dow and the S&P 500 retreating from Monday’s record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies’ shares limited losses.
U.S. job growth seen slowing, unemployment to edge up
WASHINGTON (Reuters) – U.S. job growth likely slowed in May and the unemployment rate probably ticked up, but not by enough to upset the view that the economy is bouncing back strongly after a winter slump.
Messaging app Line mulls U.S., Japan IPO, report says
(Reuters) – The popular messaging app, Line, owned by Asia’s Naver Corp, is preparing an initial public offering in the United States and Tokyo as soon as November, Bloomberg reported Tuesday, citing people who were familiar with the matter.
AT&T raises full-year revenue outlook for second time
(Reuters) – AT&T Inc T.N raised its full-year revenue forecast for a second time, citing strong growth in its equipment installment plan even as its service revenue stagnated.
Icahn bought $51 million in Fannie, Freddie shares – filing
NEW YORK (Reuters) – Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac from mutual fund manager Fairholme Funds Inc in March, a court filing showed on Tuesday.
Self-driving cars may hit roads in 2018: Renault-Nissan CEO
PARIS (Reuters) – Cars that drive themselves could be on the roads four years from now, provided red tape does not get in the way, Carlos Ghosn, head of the Renault-Nissan alliance, said on Tuesday.
Automakers report strong uptick in May U.S. sales
DETROIT (Reuters) – Automakers on Tuesday reported higher-than-expected U.S. new car sales in May, underpinning a broader recovery in the U.S. economy.
