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American Airlines 'confident' of Boeing 737 MAX flying this year: executive

American Airlines Group Inc is "confident" that its Boeing Co 737 MAX aircraft will fly this year, in time for the holidays, Senior Vice President of Customer Experience Kerry Philipovitch told reporters on Tuesday.



5 years ago

Stocks trade flat as recession fears simmer, gold gains

A gauge of global equities traded little changed on Tuesday, pulled lower by sliding stocks on Wall Street as prospects of a U.S.-China trade deal remained uncertain and demand for U.S. Treasuries and precious metals rose on recession fears.



5 years ago

Papa John's hires Arby's head as CEO to drive turnaround

Papa John's International Inc on Tuesday named Arby's Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months after he took the role, sending shares of the world's third-largest pizza chain up nearly 10%.



5 years ago

Deutsche Bank says records sought in Trump congressional probe include tax returns

Financial records related to U.S. President Donald Trump and three of his children that congressional Democrats have requested from Deutsche Bank AG include tax returns, the bank disclosed in a court filing on Tuesday.



5 years ago

Oil futures extend gains on larger-than-expected U.S. crude draw

Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.



5 years ago

Wall Street slips as financials drag, trade outlook clouds

Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised U.S. recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.



5 years ago

Ex-Google engineer charged with taking stolen self-driving secrets to Uber

The U.S. Department of Justice on Tuesday filed criminal charges accusing Anthony Levandowski, a pioneer in self-driving car technology, of stealing trade secrets from his former employer Google before joining rival Uber Technologies Inc .



5 years ago

Explainer: Ex-Google engineer faces severe penalties in self-driving trade secrets case

U.S. prosecutors on Tuesday brought a criminal case against a former high-ranking Google engineer, alleging he stole confidential technology from the company's self-driving car unit before joining rival Uber Technologies Inc .



5 years ago

Fed divided on policy, discount rate votes show

U.S. central bankers may have been more deeply divided than previously understood over the decision last month to cut interest rates for the first time in more than a decade, records from meetings held across the Fed's 12 regional Fed banks suggest.



5 years ago

BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp

British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.



5 years ago

Navigating the trade war: How to invest during turmoil

The start-and-stop progress of negotiations between the United States and China aimed at ending the trade war between the world's two largest economies is souring Wall Street playbooks and increasing market volatility as investors seek to profit during the uncertainty.



5 years ago

Facebook expands 'Local Alert' tool in bid to help in emergencies

Facebook announced on Tuesday that it was rolling out a tool that aims to provide users with potentially life-saving information in emergencies, as it seeks to improve its public image and play down its reputation as a network that aids the spread of misinformation.



5 years ago

Gold, Treasuries rise as recession, trade fears rattle investors

Declining stocks on Wall Street weighed down a global equities gauge on Tuesday on lingering worries about the U.S.-China trade war, while demand for U.S. Treasuries and precious metals rose on recession fears.



5 years ago

Hyundai Motor, South Korean union reach tentative wage deal without strike

Hyundai Motor and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a union spokesman said on Wednesday.



5 years ago

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.



5 years ago