U.S. lawmakers grill airline executives after customer disasters U.S. lawmakers threatened United Airlines (UAL.N) and other carriers on Tuesday with legislation aimed at improving customer service after a passenger was hauled down the aisle of a flight last month. Top airline executives testified to the House of Representatives transportation committee […]
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Wall Street fears end of boom as automakers' April U.S. sales drop Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down. […]
Wall Street elite find it hard to bank on Trump's breakup talk At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets. […]
Oil rises as OPEC cuts outweigh higher output elsewhere Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya. Benchmark Brent crude oil LCOc1 was up 30 cents […]
AIG's investors, awaiting CEO plan, uneasy ahead of results For nearly two months, American International Group Inc (AIG.N) has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company's future. AIG reports its first-quarter […]
Public investments in Trump-operated hotel set dangerous precedent: U.S. senators U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two Democratic U.S. senators. Reuters exclusively reported on April […]
Asian factories get off to solid start in second quarter Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics. Though China's manufacturing growth eased more than expected […]
Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms India-based IT services firm Infosys Ltd (INFY.NS) said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the […]
Trump administration set to replace top banking regulator Thomas Curry: WSJ The Trump administration plans to replace Comptroller of the Currency Thomas Curry as chief overseer of federally chartered banks, the Wall Street Journal reported on Monday. The change, which could happen as soon as this week, could lead to […]
Fed set to leave interest rates unchanged, may hint at June hike The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June. The central […]
