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Space insurance costs to rocket after satellite crash

Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry sources say.



4 years ago

U.S. second-quarter labor costs gain smallest in 1-1/2 years

U.S. labor costs rose at their slowest pace in 1-1/2 years in the second quarter, the latest indication of benign inflation that could allow the Federal Reserve to cut interest rates on Wednesday for the first time in a decade.



4 years ago

Ryanair tells staff it has 500 pilots more than it needs

Ryanair has told its staff it has 500 more pilots and 400 more cabin crew than required and job losses will be announced in coming weeks.



4 years ago

Kraft Heinz to report half-yearly results on Aug. 8

Kraft Heinz Co said on Wednesday it would report results for the first six months of the year on Aug. 8, its first financial statement since disclosing a more than $15 billion writedown on its iconic Kraft and Oscar Mayer brands.



4 years ago

Latest U.S.-China trade talks called 'constructive' by both sides

U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as "constructive," including discussions over further Chinese purchases of American farm goods and an agreement to reconvene in September.



4 years ago

Facebook defeats appeal in U.S. claiming it aided Hamas attacks

Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its goals.



4 years ago

Millennial parents fight the urge to overspend on back-to-school shopping

Millennial parents are the most likely to feel social pressure to overspend on their children's back-to-school needs.

4 years ago

BlackRock raises $2 billion for Global Credit Opportunities Fund

BlackRock Inc, the world's largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic credit fund, Global Credit Opportunities, reflecting investor demand for alternative investments.



4 years ago

Apple lifts Wall Street higher; Fed decision on the horizon

U.S. stocks rose on Wednesday on a boost from Apple's upbeat earnings report, but a drop in chip stocks capped gains, while investors awaited a widely expected interest rate cut by the Federal Reserve.



4 years ago

Ryanair tells staff it has 900 more pilots and crew than needed

Ryanair has 500 more pilots and 400 more cabin crew than needed, and job losses will be announced in the coming weeks, Chief Executive Michael O'Leary told staff in a video message https://vimeo.com/350780012/5abde31242.



4 years ago

GE raises 2019 forecast but posts loss, shares fall

General Electric Co raised its 2019 forecast on Wednesday amid a modest improvement at some of its industrial units, but posted a net loss and stirred investor concerns, sending its shares lower.



4 years ago

U.S. Midwest factory index sags to lowest since December 2015: Chicago PMI

U.S. Midwest manufacturing activity unexpectedly deteriorated to its weakest level since December 2015 in July amid ongoing trade dispute between China and the United States, an index jointly developed by MNI Indicators and ISM-Chicago released on Wednesday showed.



4 years ago

China to buy more U.S. farm products, talks to resume in September: White House

China will ramp up purchases of American agricultural exports, a White House spokeswoman said on Wednesday after U.S.-China trade talks concluded in Shanghai, offering no other details.



4 years ago

Amazon buys Israeli startup E8 Storage: source

Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.



4 years ago

Jack Dorsey is having an epic year — and he's not talking about it

Jack Dorsey is not one to brag about a winning streak.

4 years ago