Daimler agrees to $20 million settlement over U.S. vehicle recalls
Daimler AG’s Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation...
Peruvian prosecutor investigating deaths of two McDonald’s employees
A Peruvian prosecutor’s office said it was investigating the death of two teenaged employees in a McDonald’s-branded restaurant in Lima, in an incident that has...
Airbus sees strong sales haul this year on Asia demand, long-range A321
Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a...
FedEx shares fall as outlook cut spooks investors
Shares of FedEx Corp fell nearly 10% on Wednesday after the world’s largest packaging company cut its 2020 profit forecast for the second time as...
Wall Street hovers at record highs; FedEx sinks
The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second...
Canada’s SNC-Lavalin unit to plead guilty to fraud charge in Libya case: La Presse
An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on...
Oil steadies on U.S. crude inventories fall, demand hopes
Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year...
Wall Street set for flat open after record run; FedEx sinks
U.S. stocks were set to open flat on Wednesday as Wall Street’s record-setting rally ran out of steam, while FedEx eyed its worst day since...
Aramco shares slip on day of MSCI, Tadawul inclusion
Saudi Aramco shares fell almost 3% on Wednesday as investors pocketed profits on the day it was included in the MSCI Emerging Markets Index and...
Mistry’s reinstatement at Tata Sons backed by tribunal
Cyrus Mistry has won backing from a tribunal for reinstatement as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers...