Boeing CEO says he will forgo 'tens of millions of dollars' in compensation
Boeing Co chief executive Dennis Muilenburg said Wednesday he will forgo "tens of millions of dollars" in compensation after asking board to waive bonuses on Saturday.
Boeing Co chief executive Dennis Muilenburg said Wednesday he will forgo "tens of millions of dollars" in compensation after asking board to waive bonuses on Saturday.
The U.S. economy is in a good place but the path of inflation will be important in deciding the future path of interest rates, Chicago Federal Reserve President Charles Evans said on Wednesday.
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Tapestry Inc on Tuesday forecast lower-than-expected profit for the current quarter, citing weak demand at its millennial-focused Kate Spade brand and the impact of U.S. tariffs on Chinese imports.
Italian broadcaster Mediaset and its hostile shareholder Vivendi are in talks about ways to overcome a dispute over the governance of Mediaset's planned pan-European TV reorganization, two sources close to the matter said on Tuesday.
Focusing on domestic consumers would be a "better choice" for many Chinese companies, even if the shift is forced by trade tariffs and weak worldwide growth, said Thomas Kwan, chief investment officer at Harvest Global Investments.
Mylan NV beat Wall Street estimates for third-quarter profit on Tuesday, as its biggest market, North America, benefited from launches of lung disease therapies Wixela and Yupelri.
Lebanese traders are struggling to pay for imports of everything from pasta to nappies as banks impose restrictions on lines of credit in response to concerns about tighter liquidity after weeks of street demonstrations.
The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an international IPO is ruled out for at least a year.
All three main indexes on Wall Street opened higher for a fifth straight session on Tuesday as technology stocks rose on rising hopes of a trade truce between the United States and China.
Italian Prime Minister Giuseppe Conte insisted on Tuesday that he would not give way in a standoff with ArcelorMittal over the future of troubled steel plant Ilva, as the threat of thousands of job losses piled pressure on the ruling coalition.
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Wall Street futures rose on Tuesday, a day after all three major U.S. stock indexes closed at record highs on rising hopes of a trade deal between Washington and Beijing.
Conflicting signals make it difficult to get a handle on the true health of the U.S. economy and reducing uncertainty for businesses would provide a shot in the arm to growth, Richmond Fed Reserve Bank President Thomas Barkin said on Tuesday.
Fiat Chrysler and Peugeot owner PSA's pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market.