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- U.S. airlines score win as Congress drops 'reasonable fee' rules
Sat, 22 Sep 2018 10:35:04 -0400
The U.S. airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate "reasonable and proportional" baggage and change fees, but included other new passenger protections.
- BT approaches Worldpay's Philip Jansen to be new CEO: Sky News
Sat, 22 Sep 2018 06:16:43 -0400
BT Group is in advanced talks to appoint payment technology provider Worldpay's outgoing co-chief executive Philip Jansen as its new CEO, Sky News reported on Saturday.
- Volume spikes on sector reshuffle, quadruple witching
Sat, 22 Sep 2018 05:56:48 -0400
An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.
- White House optimistic on China trade; no date for more talks
Sat, 22 Sep 2018 04:27:01 -0400
The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Friday.
- China cancels trade talks with U.S. as tariff threats escalate: WSJ
Sat, 22 Sep 2018 00:03:53 -0400
China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.
- Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved
Fri, 21 Sep 2018 21:28:53 -0400
The United States is getting "very, very close" to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday.
- Mexico will seek deal with Canada if NAFTA talks fail: Lopez Obrador
Fri, 21 Sep 2018 21:28:53 -0400
Mexico's incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday.
- Caterpillar leans on old playbook to cope with Trump tariffs
Fri, 21 Sep 2018 21:23:17 -0400
Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.
- United Airlines pilots resist contract changes over regional routes
Fri, 21 Sep 2018 18:54:37 -0400
United Airlines pilots said they refuse to budge on the wording of their contract governing the outsourcing of regional flights.
- Dow hits new closing high ahead of index reshuffle
Fri, 21 Sep 2018 17:39:57 -0400
Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.
- Lehman Brothers workers share memories 10 years after the fall
Fri, 21 Sep 2018 17:23:23 -0400
Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank's collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.
- As new iPhones go on sale, studies reveal chips from Intel and Toshiba
Fri, 21 Sep 2018 17:16:47 -0400
Apple Inc's latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.
- Receding trade fears propel stocks to six-month peak
Fri, 21 Sep 2018 16:57:59 -0400
The U.S. dollar rebounded and world shares hit a six-month high on Friday after China's moves to boost domestic consumption bolstered a rally driven by investor bets that the latest U.S.-China trade dispute was unlikely to dent global growth.
- Walmart warns Trump tariffs may force price hikes: letter
Fri, 21 Sep 2018 16:34:53 -0400
Walmart Inc said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday.
- General Electric says blade problem affects more gas turbines
Fri, 21 Sep 2018 16:06:18 -0400
General Electric Co said on Friday that turbine blade oxidation which forced Exelon Corp to idle four electric power units in Texas also affects another model, widening the impact of the latest problem to hit GE's ailing power unit.
- Blackstone looks to manage $1 trillion by 2026
Fri, 21 Sep 2018 15:31:43 -0400
Blackstone Group LP , the world's largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026.
- Nasdaq says Nordic trader whose deals went sour agrees to sell personal assets
Fri, 21 Sep 2018 15:26:31 -0400
Nasdaq's Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday.
- Farfetch tops price range in IPO in boon to luxury market
Fri, 21 Sep 2018 14:36:05 -0400
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.
- U.S. agency accuses Walmart of pregnancy discrimination in lawsuit
Fri, 21 Sep 2018 13:39:13 -0400
The U.S. Equal Employment Opportunity Commission on Friday filed a lawsuit accusing Walmart Inc of forcing pregnant workers at a Wisconsin warehouse to go on unpaid leave and denying their requests to take on easier duties.
- French handbag maker Longchamp to invest in China to revive sales
Fri, 21 Sep 2018 13:23:58 -0400
Longchamp, one of France's leading handbag makers, is increasing its presence in China and the United States to boost its sales, its CEO said, betting on celebrity tie-ups and its online platforms to revive sluggish growth.