Business

FILE PHOTO: General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar LONDON (Reuters) – Oil prices were broadly stable on Thursday after dipping in and out of positive territory as bulls took their cue from shrinking U.S. oil product stocks and bears
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(Reuters) – The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co (BA.N) and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators’ accusations the FAA was “stonewalling” probes after two fatal crashes. Federal Aviation Administration (FFA) Administrator Stephen Dickson testifies during a
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FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes LONDON (Reuters) – HSBC (HSBA.L) is resuming
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SEATTLE/CHICAGO/TRURO, Mass. (Reuters) – U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim’s father said the bill, while a positive step, “still lacks teeth.” FILE PHOTO – Dozens of grounded Boeing 737 MAX aircraft are seen parked in an aerial
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FILE PHOTO: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “Oversight of Financial Regulators” on Capitol Hill in Washington, U.S., December 5, 2019. REUTERS/Erin Scott WASHINGTON (Reuters) – U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of
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LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets. FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of
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TOKYO (Reuters) – Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas,
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DETROIT (Reuters) – General Motors Co’s (GM.N) top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric vehicles at a profit, especially in China. FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of
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SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak
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(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon treats sellers in its online
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