Shares of Boeing Co and its global suppliers fell further on Tuesday as analysts began to tally the cost of the U.S. planemaker's decision to suspend production of 737 MAX jets in January, its biggest assembly-line halt in more than two decades.
U.S. stocks paused after a four-day rally, but still hovered around record levels on Tuesday, while a fall in Boeing's shares weighed on the Dow as the crisis surrounding the planemaker's 737 MAX jet deepened.
Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae and Freddie Mac for a decade.
Workers at three Amazon logistics centers in Germany have joined a strike called by trade union Verdi that will last until Saturday as part of a long-running bid for better pay and conditions.
Boeing Co's decision to stop production of its best-selling 737 MAX aircraft involved in two fatal crashes will impact the U.S. economy and employment, but the pain may be brief and concentrated in areas where suppliers are located, analysts and executives say.
U.S. stocks were near record levels on Tuesday, following four straight sessions of gains, as investor confidence in the U.S. economy was reinforced following upbeat housing and manufacturing data.
Dow stalwart Boeing Co's shares have nearly erased their gains for 2019 as the plane maker grapples with the fallout from its sidelined 737 MAX jetliner.
The Sackler family - owners of Purdue Pharma - transferred more than $10 billion in a decade from the OxyContin maker to its trusts and holding companies, the New York Times reported on Monday, citing a new audit commissioned by the drugmaker.
Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with AT&T Inc Chief Executive Randall Stephenson, who assured him the telecommunications firm will continue investing and strengthening its operations in Mexico.
The board of French carmaker PSA , the owner of Peugeot, approved a binding agreement for a $50 billion merger with rival Fiat Chrysler , a source close to the matter said on Tuesday.
U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.
Ford Motor Co said on Tuesday it plans to invest more than $1.45 billion at two of its manufacturing facilities in Detroit to make electric, autonomous and sports utility vehicles, and add 3,000 jobs.
Chancellor Angela Merkel's conservatives and their Social Democrat partners have delayed until next year a decision on security rules for Germany's 5G network that could bar China's Huawei, a highly divisive issue in an unhappy alliance.
California wildfire victims and utility PG&E Corp have agreed to waive a Tuesday deadline for securing approval from the state's governor for the power company's reorganization plan that contains a $13.5 billion settlement for the victims.
Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker.