The White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing's pledge to hike purchases of U.S. farm products in 2020, sources said on Thursday, taking a step towards de-escalating the trade war between the world's two biggest economies.
Qantas Airways Ltd said on Friday is has chosen Airbus SE as preferred supplier for jets capable of the world's longest commercial flights from Sydney to London, beating rival Boeing Co after a hard-fought contest.
American Airlines Group Inc will extend cancellations of Boeing Co 737 MAX flights through April 6, it said on Thursday, a day after the U.S. Federal Aviation Administration said it would not approve the plane's return to service before January.
The head of the U.S. FAA told Boeing Co's chief executive on Thursday the U.S. planemaker should focus on the quality and timeliness of data submittals for FAA review, according to an email from an FAA official to U.S. lawmakers seen by Reuters.
Facebook said on Thursday it committed an initial $130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected.
Wall Street's main indexes hit record highs on Thursday following news that the United States had reached a "deal in principle" with China to resolve a trade war that has rattled markets for nearly two years.
MSCI's global stock index hit a record high on Thursday and the U.S. dollar gained along with U.S. Treasury yields after reports the United States has reached in principle a "phase one" trade deal with China.
U.S. President Donald Trump on Thursday signed off on a trade deal with China that would delay a new round of tariffs that was to be put in place on Dec. 15, Bloomberg News reported.
Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials.
Broadcom Inc forecast full-year 2020 revenue above Wall Street estimates on Thursday, as the company expects to benefit from strong demand for its chips from rising 5G adoption and growth in its software business.
A U.S. labor board on Thursday approved McDonald's Corp's proposed settlement allowing the fast-food company to avoid a ruling on whether it is a “joint employer” of franchise workers and could be made to bargain with unions.
When Axon Enterprise hired its new chief software executive from Amazon Alexa and sent him out to accompany police officers on midnight ride-alongs, it was an indicator of where the company known for Tasers and body-worn cameras is headed. The former Amazon executive will be making big bets on the technologies that Axon thinks will be critical to the future of police work.
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the grounding of its 737 MAX aircraft.
Boeing Co acknowledged on Thursday it will not win approval this year from the Federal Aviation Administration to return the 737 MAX to service after the company's chief executive met with senior officials in Washington.
Boeing Co has delayed plans to reach a record production rate of 57 737 jets per month next year, industry sources said on Thursday, even before the U.S. FAA announced a new delay in the 737 MAX return to service that raised uncertainty over production plans.