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U.S. raises tariffs on European-built aircraft in ongoing dispute over subsidies

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.



5 years ago

Timeline: Highlights of the 16-year Airbus, Boeing trade war

The U.S. government on Friday raised tariffs on aircraft imported from the European Union, ratcheting up pressure on the EU to resolve an epic 16-year-old dispute over support for airplane makers, and raising the stakes in broader talks to reach a U.S.-EU trade deal.



5 years ago

IBM withdraws from RSA conference over coronavirus fears

International Business Machines Corp on Friday said it had canceled its participation in the RSA cyber security conference due to coronavirus-related concerns.



5 years ago

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.



5 years ago

There's now a record number of 401(k) and IRA millionaires, according to Fidelity

The study found 441,000 IRA or 401(k) accounts they manage had balances of $1 million or more.

5 years ago

Alibaba beats estimates on record Singles' Day sales

China's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing business.



5 years ago

Southwest extends 737 MAX flights cancellations through early August

Southwest Airlines on Thursday extended cancellations of 737 MAX flights through early August as the grounding of the Boeing Co jet drags on, potentially affecting the carrier's profits during the upcoming U.S. summer travel season.



5 years ago

AIG profit beats on stronger underwriting in general insurance unit

Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business.



5 years ago

Airbus, Quebec to buy out Bombardier's A220 stake

Airbus has teamed up with the Quebec government to buy Bombardier's 33.5% stake in the A220 passenger jet program, completing the Canadian firm's exit from civil aviation and boosting Airbus's position in a new battleground with Boeing.



5 years ago

Nestle boss Schneider eyes more deals to bolster growth ambitions

Nestle Chief Executive Mark Schneider will fine-tune his transformation plans with more acquisitions, he said after the Swiss food group lowered growth expectations on Thursday.



5 years ago

NYC small business chief: Chinatown hit hard because of 'unfounded fears' over coronavirus

"Business owners are telling us revenues are down 40% in Chinatown," said Gregg Bishop, commissioner of New York's Department of Small Business Services.

5 years ago

Kraft Heinz takes $666 million charge, misses sales expectations

Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses - including coffee brand Maxwell House - by $666 million.



5 years ago

Apple to reopen some stores in Beijing on February 14: website

Apple will reopen some stores in Beijing from Feb. 14 with reduced opening hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.



5 years ago

Ousted Credit Suisse CEO Thiam to collect up to $30 million: sources

Credit Suisse Chief Executive Tidjane Thiam, ousted over a spying scandal, stands to collect as much as 30 million Swiss francs ($30 million) after resigning this month, two people familiar with the matter said.



5 years ago

Nine ways you can cut your 2019 tax bill

Sometimes the simplest tax-planning techniques are the most effective. You still have close to two months to get your act together and cut your 2019 taxes.

5 years ago