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U.S. Steel delivers unwelcome Christmas surprise to Michigan town

The mayor of a Michigan steel town was attending his grandchildren's Christmas play Thursday evening when he got an unwelcome voicemail from an official of the town's top employer: United States Steel Corp.



5 years ago

U.S. accuses FleetCor of charging hundreds of millions of dollars in hidden fees

U.S. fuel card company FleetCor Technologies Inc charged customers hundreds of millions of dollars in hidden fees after promising to help them spend less on fuel, the Federal Trade Commission said on Friday.



5 years ago

U.S. transport chief said economic issues not a factor in 737 MAX's safety review

U.S. Transportation Secretary Elaine Chao told Reuters on Friday that the economic impact of Boeing Co's planned halt of 737 MAX production is not a factor in regulators' ongoing review of when to unground the plane involved in two fatal crashes.



5 years ago

Boeing's failed Starliner mission strains 'reliability' pitch

Boeing Co's stunted Friday debut of its astronaut capsule threatens to dent the U.S. aerospace incumbent's self-declared competitive advantage of mission reliability against the price and innovation strengths of "new space" players like Elon Musk's SpaceX.



5 years ago

SEC probes at least two trading firms over NYSE listings: source

The U.S. securities regulator has asked at least two trading firms for information regarding a broad investigation into initial public offerings and direct listings going back five years on the New York Stock Exchange, a person familiar with the matter told Reuters on Friday.



5 years ago

Exclusive: U.S. talks with GM over deploying self-driving cars without steering wheels

The U.S. National Highway Traffic Safety Administration is holding talks with General Motors Co on the automaker's petition to deploy a limited number of self-driving vehicles on American roads without steering wheels or other human controls, the head of the agency said on Friday.



5 years ago

Colombia orders Uber to cease ride-hailing, cites competition rules violation

Colombia on Friday ordered Uber to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules.



5 years ago

Russia gas export pipeline in jeopardy as Trump signs sanctions bill

Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Friday.



5 years ago

Boeing's Starliner astronaut capsule fails key test to reach space station

Boeing Co's new astronaut capsule failed after liftoff on Friday to climb high enough in orbit to reach the International Space Station, cutting short a critical unmanned test mission in the embattled aerospace giant's race to send humans to the orbital outpost.



5 years ago

China's Great Wall revs up for India as rivals hit the brakes

Chinese automakers Great Wall Motor and Changan Automobile are accelerating plans to build cars in India after the initial success of rival SAIC Motor in one of the world's biggest markets, three sources said.



5 years ago

Asia stocks digest meaty gains, sterling starved for love

Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month.



5 years ago

Australia fines Volkswagen record $86 million for emissions breach: regulator

Australia's competition regulator said the federal court has penalized Volkswagen AG a record A$125 million ($86 million) for allegedly making false representations about compliance with the country's diesel emission standards.



5 years ago

AFL-CIO's Trumka says USMCA is first step to undoing evils of NAFTA

The new North American trade deal addresses most concerns of U.S. labor unions, Richard Trumka, head of the AFL-CIO union federation, said on Thursday, but even so he expects it could take more than a decade to reverse job losses resulting from the original 25-year-old trade pact.



5 years ago

Chipotle accused of violating U.S. labor law on union organizing

The general counsel of a U.S. labor agency has accused Chipotle Mexican Grill Inc of violating U.S. labor law by allegedly firing an employee in New York in retaliation for complaining about workplace problems and trying to organize with a union.



5 years ago

Australia watchdog warns large fines the norm after Volkswagen case

The head of Australia's competition regulator on Friday said a record fine of A$125 million ($86 million) imposed on Volkswagen AG was just a taste of what companies could expect in the future.



5 years ago