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Boeing reshuffles management of grounded 737: memo

Boeing Co has reassigned the head of its next airplane project to run the troubled 737 program, according to a memo seen by Reuters on Thursday, as the grounding of its 737 MAX in the wake of two accidents commands the planemaker's full attention.



4 years ago

Colgate to buy skin care business of France's Filorga for $1.69 billion

Colgate-Palmolive Co said on Thursday it would buy the skin care unit of France's Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care business.



4 years ago

Anadarko shareholders to vote next month on Occidental deal

Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer's planned $38 billion sale to Occidental Petroleum Corp - the biggest oil and gas deal of the year.



4 years ago

Mexico says trade deal dispute panel fix must be 'across the board'

Mexico sees a push to close a dispute resolution loophole in the USMCA trade deal as a way to protect its interests as well as helping satisfy demands by U.S. Democrats that the deal contain stricter labor measures, a senior official said on Thursday.



4 years ago

Fed's Powell affirms rate cut view; see U.S. economy humming

As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.



4 years ago

A Ford-Volkswagen alliance with Argo could redraw self-driving sector

An expanded alliance between Ford Motor Co and Volkswagen AG that includes a partnership in Ford self-driving unit Argo AI could redraw the balance of power in autonomous vehicles.



4 years ago

June imports fall at top U.S. hub for China ocean trade

The Los Angeles and Long Beach port complex, the nation's busiest and the No. 1 for ocean trade with China, - handled 5.1%fewer inbound containers of cargo in June, as the trade standoff between Washington and Beijing disrupts global supply chains.



4 years ago

Fed's Powell affirms rate cut view; others see U.S. economy humming

As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.



4 years ago

Nike goes ahead with investment in new Arizona manufacturing plant

Nike Inc said on Thursday it will open a manufacturing facility in Goodyear, Arizona, with a likely investment of at least $184 million, going ahead with the site after the state of Arizona last week withdrew an incentive package following the footwear maker's cancellation of a controversial sneaker.



4 years ago

Property speculators hope for investment paradise in southwest China

A bus came to a halt amid a tropical rainforest not far from China's border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow.



4 years ago

Oil prices rise amid Gulf of Mexico storm, Middle East tensions

Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.



4 years ago

Asian shares ease as Trump rekindles Sino-U.S. trade tensions

Asian shares pulled back on Friday as worries over renewed Sino-U.S. trade tensions weighed on sentiment ahead of the release of June trade data from China, though expectations of a Federal Reserve rate cut later this month kept losses in check.



4 years ago

Air China to buy 20 A350-900 wide-body aircraft from Airbus

Air China Ltd , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE , both companies said, bolstering the European planemaker's order book for wide-body jets against Boeing Co amid Sino-U.S. trade tensions.



4 years ago

Oil near six-week highs amid Gulf of Mexico storm, Middle East tensions

Oil prices rose on Friday, hovering near six-week highs, as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East.



4 years ago

Asian shares dart between gains and losses before key China data

Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month.



4 years ago