Trump threatens big tariffs on car imports from EU
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to...
U.S. home sales surge to near two-year high; supply at record low
U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing...
S&P 500, Nasdaq hit record highs on IBM, chip power
The S&P 500 and the Nasdaq hit record highs on Wednesday as a strong forecast from IBM added to optimism over earnings, while investors assessed...
United says does not expect to fly the 737 MAX this summer
United Airlines Holdings Inc does not expect to fly the Boeing 737 MAX this summer, President Scott Kirby said on Wednesday, following news from Boeing...
Incoming Abbott CEO says not looking to do any deals
Abbott Laboratories’ incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company’s agenda....
Drug, nutrition product sales power Abbott’s revenue beat
Medical device maker Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, benefiting from higher demand for its nutrition products and generic drug sales....
S&P 500, Nasdaq hit record on IBM, waning China virus fears
The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China’s efforts...
U.S. OKs Kinder Morgan request to start Texas Lockridge natgas pipe work
The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc’s Dec. 13 request to start construction of its proposed Lockridge natural gas...
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...