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Boeing to bolster engineering oversight in response to 737 MAX crashes

Boeing Co's board of directors said on Wednesday it created a new permanent safety committee to oversee development, manufacturing and operation of its aircraft and services in the aftermath of two fatal 737 MAX crashes.



5 years ago

Open enrollment is coming up. Here are ways your benefits at work can help your family save in 2020

Resist the urge to automatically sign up for the same workplace benefits. Your health-care coverage and insurance plans at work can bolster your household finances — if you choose the right plans.

5 years ago

German authorities raid Deutsche Bank over Danske scandal

German authorities have raided Deutsche Bank's Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.



5 years ago

Jamie Dimon says U.S. trade deal with China 'unlikely' before 2020 election

Analysts have speculated that the Chinese government may want to wait for the outcome of what will be a contentious election before coming to terms with the U.S. on trade.

5 years ago

EBay CEO Devin Wenig steps down, cites differences with board

EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company's recently revamped board, which is looking to sell some of its businesses.



5 years ago

Juul boss exits in vaping crisis as Philip Morris, Altria end merger talks

The chief executive of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory backlash against vaping, and merger talks between its biggest investor Altria and Philip Morris collapsed.



5 years ago

Evans: Larger balance sheet may avoid future repo market problems

Chicago Federal Reserve bank president Charles Evans said on Wednesday that the Fed may be able to avoid future repo market problems simply by increasing its balance sheet rather than setting up new market tools.



5 years ago

Prudential, M&G to split in October into two FTSE 100 firms

Prudential will spin off its UK and European insurance and asset management business M&G in October, Britain's largest insurer said in a prospectus published on Wednesday, dividing the insurance giant into two large-cap stocks.



5 years ago

Exclusive: GM and UAW union making progress in talks for new labor deal - sources

General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new deal but are grappling with the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday.



5 years ago

Exclusive: Boeing settles first Lion Air lawsuits for at least $1.2 million apiece - sources

Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs' lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece.



5 years ago

U.S. new home sales accelerate; lower mortgage rates a boost

Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from lower mortgage rates.



5 years ago

Wall Street ticks lower as Trump impeachment threat weighs

U.S. stock indexes edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump more than offset gains in shares of Nike and Philip Morris.



5 years ago

Elliott renews call to split Marathon Petroleum

Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, saying such a move would boost shareholder value by as much as $40 billion.



5 years ago

Ford self-driving cars to launch in Austin in 2021

Ford Motor Co said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021.



5 years ago

Saudi Arabia says consulting on next steps after attack, waiting for inquiry results

Saudi Arabia is in consultation "with friends and allies about the next steps to take" after an attack on Sept. 14 on the world's biggest crude oil processing facility, but is waiting for the findings of an investigation, Saudi Arabia's Minister of State for Foreign Affairs Adel al-Jubeir told reporters on Wednesday.



5 years ago