Boeing's decision to advise customers its grounded 737 MAX jet was unlikely to secure flight approval until mid-year was not due to any new technical issues, a senior marketing executive said on Wednesday.
Abbott Laboratories' incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company's agenda.
The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc's Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas.
Renault on Wednesday said that France's anti-corruption agency was carrying out checks at the firm, confirming a French media report, though a source at the carmaker said the inspection was a routine matter.
The chief executive of aircraft leasing giant Aercap , which has 100 737 MAX jets on order from Boeing , on Wednesday said his airline customers remained confident in the grounded aircraft and there was no alternative.
U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be an obstacle to continued strong gains.
Tesla Inc and the state of Michigan confirmed Wednesday they have resolved the company's 2016 lawsuit challenging the state's refusal to allow the company to sell vehicles directly to consumers.
The S&P 500 and the Nasdaq hit record highs on Wednesday as a strong forecast from IBM added to optimism over earnings, while investors assessed risks from a virus outbreak in China.
United Airlines Holdings Inc does not expect to fly the Boeing 737 MAX this summer, President Scott Kirby said on Wednesday, following news from Boeing Co that it does not expect to win approval for the MAX to fly again until mid-year.
Tesla Inc shares surged on Wednesday, and the company became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co and General Motors Co combined.
Abbott Laboratories Inc's shares rose to an all-time high on Wednesday after the device maker beat Wall Street estimates for quarterly sales on higher demand for its nutrition products and generic drugs.
The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday.
The head of aircraft lessor Avolon, which has committed to a fleet of 148 Boeing 737 MAX jets, said he believed the planemaker's new June to July horizon for getting the grounded aircraft back in the air was a "worst case scenario."
Boeing chief executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 max production "months" before its forecasted mid-year return to service.
Italy's biggest bank UniCredit said on Wednesday it had appointed a number of senior managers to new roles, shuffling people across jobs as it works to implement its 'Team 23' four-year plan unveiled in December.