French anti-corruption agency runs checks on Renault
Renault on Wednesday said that France’s anti-corruption agency was carrying out checks at the firm, confirming a French media report, though a source at the...
Real estate developer in $240 million deal to buy Philadelphia refinery
Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions oil refinery, which was the largest...
Fiat Chrysler CEO: Peugeot merger talks progressing well
Fiat Chrysler’s chief executive Michael Manley said on Wednesday merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well...
Philly refinery sale draws $240 million winning bid from real estate developer
Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy...
WeWork offloads non-core business Teem, stake in The Wing
Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider iOFFICE, as it offloads non-core...
Air Canada to not fly the MAX until June 30
Air Canada said on Wednesday it has removed Boeing’s 737 MAX from its flight schedule until June 30, 2020, a day after the U.S. planemaker...
PSA not sure if engines it delivered to Mitsubishi are part of German probe
French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi between 2015 and 2018...
S&P 500, Nasdaq aim for record on IBM earnings, fading China virus fears
The S&P 500 and the Nasdaq were set for record highs on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak...
Stocks shake off China virus worries, dollar stays strong
World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would...
Wall Street pegs Boeing’s 737 MAX bill at more than $25 billion
Boeing Co’s bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker...