News

Sat, 19 Oct 2019 05:11:58 -0400
China's indebted HNA Group has appointed its chairman's son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday.
Sat, 19 Oct 2019 04:42:49 -0400
Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.
Sat, 19 Oct 2019 02:34:18 -0400
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro.
Sat, 19 Oct 2019 00:48:32 -0400
A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis.
Sat, 19 Oct 2019 00:48:32 -0400
In newly released instant messages from 2016, a top Boeing Co 737 MAX test pilot tells a colleague that the jet's MCAS flight control system - the same one linked to two fatal crashes - was "running rampant in the (simulator) on me."
Sat, 19 Oct 2019 00:32:49 -0400
General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.
Sat, 19 Oct 2019 00:16:02 -0400
U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
Sat, 19 Oct 2019 00:16:02 -0400
Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other's core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.
Fri, 18 Oct 2019 21:24:58 -0400
U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund's $250 billion crisis lending fund as part of a deal to maintain overall IMF resources.
Fri, 18 Oct 2019 21:18:32 -0400
A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug companies and local governments failed to agree on a settlement on Friday that had been expected to be valued at around $50 billion.
Fri, 18 Oct 2019 20:09:24 -0400
The U.S. Federal Aviation Administration (FAA) on Friday turned over 10 pages of emails to Congress from a former chief technical pilot on the Boeing 737 MAX that disclosed new details of the company's efforts to win approval from regulators around the world and drew the ire of a top Democratic lawmaker.
Fri, 18 Oct 2019 19:40:31 -0400
Oracle Corp's 62-year-old co-chief Mark Hurd died on Friday morning, the company said, an unexpected development that raises pressure on co-CEO Safra Catz to lead the business software maker's ongoing transition to cloud computing.
Fri, 18 Oct 2019 19:20:57 -0400
The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the 737 MAX involved in two deadly crashes.
Fri, 18 Oct 2019 19:18:26 -0400
Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.
Fri, 18 Oct 2019 19:18:26 -0400
Johnson & Johnson said on Friday its investigation into asbestos contamination of its baby powder could take 30 days or more, after announcing it planned to recall about 33,000 bottles of the product in the United States.
Fri, 18 Oct 2019 19:18:26 -0400
The U.S. Food & Drug Administration said on Friday that it found that a sample from one lot of Johnson & Johnson's baby powder contained chrysotile fibers, a type of asbestos, confirming test results the company disclosed earlier on Friday.
Fri, 18 Oct 2019 19:17:29 -0400
U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.
Fri, 18 Oct 2019 19:17:05 -0400
From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country's opioid epidemic, Judge Dan Polster has made one thing clear: he never wanted a trial.
Fri, 18 Oct 2019 18:42:17 -0400
Facebook Inc's upcoming news tab will feature headlines from the Wall Street Journal and some other News Corp media properties when it launches in fall of 2019, the social network said on Friday.
Fri, 18 Oct 2019 18:11:14 -0400
Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.