GE to lose $1.4 billion this year from Boeing 737 Max grounding but expects jet's return next year
GE makes the LEAP engines used for the 737 Max, which has been grounded worldwide following two deadly crashes in the past year.
GE makes the LEAP engines used for the 737 Max, which has been grounded worldwide following two deadly crashes in the past year.
Canadian auto-parts maker Magna International said on Wednesday it would build dual-clutch and hybrid transmissions for German carmaker BMW under a multi-year contract.
On a nonadjusted basis, and including certain accounting charges, GE still lost $9.5 billion in the quarter.
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
Oil prices extended losses Wednesday after a steep U.S. crude inventory build added to worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand.
Boeing Co Chief Executive Dennis Muilenburg acknowledged the company made mistakes in the development of a key safety system known as MCAS at the center of two fatal 737 MAX crashes, at a U.S. House hearing on Wednesday.
U.S. stock indexes treaded water on Wednesday as investors assessed mixed corporate reports in the thick of earnings season, while bracing for a policy decision by the Federal Reserve later in the day.
Citigroup Inc plans to compete on fewer foreign exchange platforms to win business from clients, Financial Times reported earlier on Wednesday, citing sources familiar with the matter.
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson answered questions on Wednesday about the oil major's methods of measuring potential costs of climate change, as he testified in a closely watched civil lawsuit accusing the company of hiding the costs from investors.
The Federal Reserve is expected to reduce interest rates on Wednesday, but new data showing resilient U.S. economic growth may make that rate cut the last for now.
As the market climbs to new highs, you might be tempted to ratchet back your exposure to stocks. But now is not the time to do that, experts say, unless you're in a couple of specific situations.
The prospect of living in a nursing care facility is so unsavory that 54% of adults over age 50 say they would rather die than reside in one, according to Nationwide Retirement Institute.
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
U.S. President Donald Trump's demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
The Trump administration still expects to sign an initial trade agreement with China next month despite the cancellation of the APEC summit in Chile where officials had hoped to finalize the pact, the White House said on Wednesday.