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GM strike impacts 150,000 auto industry workers: consulting firm

The prolonged strike at General Motors Co is estimated to have hit 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group (AEG) showed on Tuesday.



4 years ago

Former Goldman programmer fails, again, to toss theft conviction

A New York state appeals court on Tuesday refused to toss out a former Goldman Sachs Group Inc computer programmer's theft conviction, rejecting his claim that he was wrongly prosecuted twice for the same conduct.



4 years ago

Fed's Powell: Outlook 'favorable', steps to address money market volatility coming 'soon'

U.S. Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed's asset holdings to begin to expand again "is now upon us" in order to ensure money markets function smoothly.



4 years ago

Powell: Time for Fed to expand balance sheet 'now upon us'

Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts amid global economic risks, and said the time to allow the Fed's asset holdings to begin to expand again "is now upon us" in order to ensure money markets function smoothly.



4 years ago

Binding Alitalia offer can be made by October 15 deadline: Italy minister

Italian Industry Minister Stefano Patuanelli said on Tuesday he believed a binding offer for struggling airline Alitalia could be presented by an Oct. 15 deadline, saying the date would not be shifted again.



4 years ago

Indexes briefly cut losses in choppy trade after Powell comments

U.S. stocks briefly cut losses in choppy trading on Tuesday after Federal Reserve Chairman Jerome Powell suggested openness to further rate cuts and said the time has come to allow the Fed's asset holdings to begin to expand again.



4 years ago

Boeing 737 MAX timetable uncertain as regulators continue safety review

U.S. and European Union regulators said on Tuesday they were still reviewing Boeing Co's changes to 737 MAX software after two fatal crashes, throwing into question the speed at which the grounded aircraft can return to service.



4 years ago

Weak U.S. producer inflation bolsters case for Fed rate cut

U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, likely giving the Federal Reserve further room to cut interest rates for the third time this year in October.



4 years ago

Indexes tumble as visa restrictions fuel U.S.-China worries

U.S. stocks ended down sharply and near the day's lows on Tuesday as news that the United States has imposed visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell suggesting openness to further interest rate cuts.



4 years ago

Goldman Sachs evaluating involvement in Megvii IPO after U.S. action

Goldman Sachs Group Inc said on Tuesday it is reviewing its involvement in Megvii Technology Ltd's planned initial public offering (IPO) in light of U.S. action against the Chinese artificial intelligence firm.



4 years ago

Fed's Powell sees 'favorable' outlook, 'sustainable' expansion

Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act "as appropriate" amid an economy likely to soon regain its footing.



4 years ago

GM strike affects about 150,000 auto industry workers: consulting firm

The prolonged strike at General Motors Co is estimated to have hit as many as 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group (AEG) showed on Tuesday.



4 years ago

Levi Strauss profit declines on trouble in the Americas

Levi Strauss & Co reported a 4% drop in third-quarter profit on Tuesday, as the denim apparel maker struggled to grow its wholesale business in the Americas, where it generates most of its revenue.



4 years ago

What we might learn from Trump's tax returns — if they're released

Depending on whether President Trump's tax returns are released, the public could get a peek into his sources of income. Here are the key tax forms to watch out for.

4 years ago

J&J must pay $8 billion in case over male breast growth linked to Risperdal: jury

Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.



4 years ago