U.S. planes, tractors on EU tariff list over Boeing

BRUSSELS (Reuters) – Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union on Wednesday said it could hit with tariffs in a transatlantic aircraft subsidy dispute. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman […]

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Morgan Stanley quarterly profit falls 9 percent

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton (Reuters) – Morgan Stanley reported a 9 percent drop in quarterly profit on Wednesday as equities and bond trading fell due to low market volatility. The bank said earnings […]

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ABB seeks new chief executive after Spiesshofer’s surprise departure

ZURICH (Reuters) – ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries. FILE PHOTO: Ulrich Spiesshofer addresses ABB’s annual news conference in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann/File Photo Chairman […]

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Foxconn’s Gou says will follow order of sea goddess to run for Taiwan presidency

Terry Gou, founder and chairman of Foxconn, prays at a temple, in New Taipei City, Taiwan April 17, 2019. REUTERS/Tyrone Siu TAIPEI (Reuters) – Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will follow the order of a sea goddess who has told him to run in Taiwan’s 2020 presidential election, although […]

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U.S. Justice Department tells T-Mobile, Sprint it has concerns about merger deal: sources

(Reuters) – The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp it has concerns about their proposed $26 billion merger in its current structure, sources familiar with the matter said on Tuesday, although no final decision has been made. FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New […]

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Justice Department tells T-Mobile, Sprint it has concerns about merger: sources

(Reuters) – The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp it has concerns about their $26 billion merger in its current structure, sources familiar with the matter said on Tuesday, although no final decision has been made. FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New York, […]

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After Ethiopia crash horror, some nations ground Boeing 737 MAX 8s

GARA-BOKKA, Ethiopia (Reuters) – Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people. China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday, although most […]

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Tesla’s Musk nears deadline to respond to SEC contempt bid

Tesla Inc Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January […]

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China, Indonesia ground Boeing 737 MAX 8 fleets after Ethiopia crash

ADDIS ABABA/BEIJING (Reuters) – China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday, and investigators recovered the black box from a crash that killed 157 people, the second disaster in less than five months involving the new model. At the crash site, men in Red Cross jackets and face masks […]

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Tesla’s Musk nears deadline to respond to U.S. SEC contempt bid

Tesla Inc Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement. FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon […]

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