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FAA hopes global regulators simultaneously approve Boeing 737 MAX to fly again

The U.S. Federal Aviation Administration hopes civil aviation authorities around the world will decide at about the same time to allow the Boeing 737 MAX to resume flying, the agency told Congress on Tuesday in a letter seen by Reuters.



5 years ago

Wall Street drops on new trade worries, Fed; Apple eyed

U.S. stocks slipped on Tuesday after a warning from President Donald Trump to China pressured technology shares, while investors looked to an expected interest rate cut at the conclusion of the Federal Reserve's monetary policy meeting.



5 years ago

CFP Board vows stepped up oversight of financial advisors after complaints of lax review

Shopping for an advisor? The Certified Financial Planner Board of Standards is changing its processes to help curtail financial advisors with bad track records.

5 years ago

Stocks slip on Trump's warning to China; sterling's slump carries on

A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began with a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower.



5 years ago

Tech pulls Wall Street lower on Trump trade warning

Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting.



5 years ago

Pence says clock ticking on USMCA, but Democrats won't be rushed

U.S. Vice President Mike Pence on Tuesday said that a new U.S.-Mexico-Canada trade deal needs to be approved without delay, but Democrats and organized labor said certain provisions must first be improved.



5 years ago

Capital One customer data breach rattles investors

Capital One Financial Corp's assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank's shares closing down 5.9%.



5 years ago

U.S. Congress seeks to jump start stalled self-driving car bill

Two key committees in the U.S. Congress on Tuesday said they are reviving efforts to pass long-stalled legislation to speed the adoption of self-driving cars.



5 years ago

J.C. Penney hires former Shopko executive to aid turnaround

J.C. Penney Co Inc has hired a former Shopko Stores senior executive, the retailer said on Tuesday, as it hopes to resurrect itself despite stiff competition from online and discount retailers.



5 years ago

Apple revenue forecast tops expectations, iPhone business stabilizes

Apple Inc's quarterly profit and revenue beat Wall Street targets on Tuesday and its forecast for fourth-quarter sales topped expectations as well, with Chief Executive Tim Cook telling Reuters that "marked improvement in greater China" drove the results.



5 years ago

Enterprise Products in deal with Chevron to develop crude oil port

Enterprise Products Partners LP signed long-term agreements with a Chevron Corp unit to develop its Sea Port Oil Terminal in the Gulf of Mexico, the companies said in a statement on Tuesday.



5 years ago

Mondelez raises full-year organic sales forecast

Cadbury chocolate maker Mondelez International Inc raised its 2019 organic sales forecast on Tuesday, as the company benefits from efforts to tailor its products to the tastes and trends of certain geographies.



5 years ago

Amgen quarterly results beat estimates, but revenue dips 3%

Amgen Inc on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts.



5 years ago

Apple forecasts strong revenue even as iPhones drop to under half of sales

Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street targets.



5 years ago

Apple wants to make high-end computers in U.S., needs tariff relief - Cook

Apple Inc Chief Executive Tim Cook on Tuesday said that the desire to keep Mac Pro computer production in United States was behind the company's recent request for tariff exclusions.



5 years ago