(Reuters) – The S&P 500 and the Dow Jones indexes slipped from record levels on Tuesday as dour forecasts from Home Depot and Kohl’s eroded confidence on the strength of U.S. consumer spending ahead of the all-important holiday shopping season. A trader works on the floor at the New York Stock Exchange (NYSE) in New
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JOHANNESBURG (Reuters) – South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, with no prospect of more money from the government. FILE PHOTO: Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape
DUBAI (Reuters) – Boeing’s 737 MAX took center stage at the Dubai Airshow on Tuesday as airlines announced plans to order up to 50 of the jets worth $6 billion at list prices despite a global grounding in place since March. FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at
FILE PHOTO: Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province, South Africa, September 30, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) – South Africa’s Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to resolve a strike over wages
NEW YORK (Reuters) – The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a mounting series of problems that have turned the workspace provider from a Wall Street darling to a pariah in a matter of weeks. FILE PHOTO: The WeWork logo is displayed
CHICAGO (Reuters) – Boeing Co (BA.N) this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co (LUV.N), an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes parked at Boeing
WASHINGTON (Reuters) – U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, their second meeting since Powell started the job in February 2017 and soon after became the target of frequent criticism from the president who had appointed him. FILE PHOTO: U.S. President Donald Trump gestures
HAMBURG (Reuters) – German carmaker Volkswagen (VOWG_p.DE) cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets. FILE PHOTO: Sign at the Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell/File Photo “It is fair to say
DUBAI (Reuters) – Replacing all Pratt & Whitney engines on IndiGo’s fleet of almost 100 Airbus planes by Jan. 31, as ordered by India’s aviation watchdog, will be challenging but the airline aims to complete the work, its chief executive officer said on Monday. FILE PHOTO: Women spread fryums for drying on a rooftop as
FILE PHOTO: Steam comes out of the chimneys of the Ilva steel plant in Taranto, Italy, November 11, 2019. REUTERS/Ciro De Luca/File Photo ROME (Reuters) – ArcelorMittal (MT.AS) is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero
DETROIT (Reuters) – The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker. Ford Motor Co. shows the all-new electric Mustang Mach-E vehicle for a photo shoot at a studio in Warren, Michigan, U.S. October 29, 2019. Picture
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronic’s Galaxy A90 is seen on display at a Samsung store
(Reuters) – Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted. Below are key facts about Aramco: HISTORY Explorers from the Rockefeller family’s Standard Oil Company struck oil in
DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest IPO. A billboard display an advert for Saudi Aramco in the streets in
DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi’s crown prince but still vying for the title of the world’s biggest IPO. A billboard display an advert for Saudi Aramco in the streets in
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo/File Photo DUBAI (Reuters) – Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said. Aramco had said in
BERKELEY, Calif. (Reuters) – Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Federal Reserve Bank President Mary Daly said on Saturday. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco,
Britain’s opposition Labour Party leader Jeremy Corbyn holds a picture during a general election campaign event in Morecambe, Britain November 15, 2019. REUTERS/Andrew Yates (Reuters) – UK opposition leader Jeremy Corbyn said the Labour Party will exclude Britain’s National Health Service and medicines from trade deals with the United States, as he accused Prime Minister
(Reuters) – Wall Street’s main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies. The benchmark S&P 500 tallied its sixth straight week of gains, its longest such weekly streak in about two years, while
FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo DUBAI (Reuters) – Boeing (BA.N) said on Saturday the U.S. Federal Aviation Administration and other global regulators would decide the timing of the return to service of its
DETROIT (Reuters) – The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker. FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File
WASHINGTON (Reuters) – The Trump administration is set to issue a two-week extension of a license allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China
(Reuters) – 1/ NOT SO FAST Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, 2019. REUTERS/Brendan McDermid How big a risk is a global economic recession? Recently, hopes of a fledgling growth turnaround were doused by data showing China’s factory output growth slowing in October
(Reuters) – Twitter Inc (TWTR.N) on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. The popular social media site, which first announced its political ads ban last month, had not previously provided
NEW YORK (Reuters) – Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo Benchmark Brent crude gained $1.13,
Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Friday said former BMW (BMWG.DE) executive Markus Duesmann will take over as head of Audi as of April 1, 2020. Volkswagen said current Audi Chief Executive
WASHINGTON (Reuters) – Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25% tariffs on U.S. car and auto part imports after a 180-day review period elapsed this week. FILE PHOTO: U.S. President Donald Trump delivers remarks at a campaign rally in Bossier City,
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol/File Photo WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) on Thursday said it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp (MSFT.O), expressing concern that politics got
(Reuters) – Tesla Inc’s shares sky-rocketed on Thursday after the electric car maker surprised investors with a rare quarterly profit, and delivered a record number of cars while keeping a lid on costs. FILE PHOTO: A driver steers a Tesla Model S at the Nuerburgring race track, in the western German low mountain range of
FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo (Reuters) – The 50 attorneys general investigating advertising practices at Alphabet Inc’s (GOOGL.O) Google are planning to expand their antitrust probe into the unit’s flagship Android business, CNBC reported on Thursday, citing people familiar
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