Fiat Chrysler to build new battery hub in Turin
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million),...
UPS COO’s retirement eclipses e-commerce gains
United Parcel Service Inc’s e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world’s biggest parcel...
UTC says Boeing 737 MAX production could remain at current levels
United Technologies believes Boeing will still make 737 MAX planes at its current rate for the rest of 2019, Chief Financial Officer Akhil Johri said...
Five U.S. officials including Kushner, Mnuchin to attend Saudi financial conference: sources
U.S. Treasury Secretary Steven Mnuchin and presidential adviser Jared Kushner will lead Washington’s delegation to an annual financial conference in Saudi Arabia, government sources said...
Zuckerberg to tell Congress Facebook is ‘not the ideal messenger’ for Libra currency
Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the “ideal messenger” for its Libra cryptocurrency project, given ongoing criticism...
McDonald’s misses profit target as competition delivers breakfast, plant burgers
McDonald’s Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants...
U.S. crude stocks expected to rise for sixth consecutive week: Reuters poll
U.S. crude stockpiles likely rose for the sixth straight week, while refined products stockpiles likely fell last week, an extended Reuters poll showed on Tuesday....
S&P cuts Boeing outlook to ‘negative’ on fresh 737 MAX concerns
S&P Global Ratings lowered its outlook for Boeing Co to “negative” from “stable” on Tuesday, after reports that the planemaker may have misled the U.S....
Boeing texts reveal flawed simulator, not smoking gun: ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co., former colleagues have defended a former pilot who voiced concerns...
Top pension consultant NEPC questions sustainability of Fisher Investments
Top pension consultant NEPC said it questions the “sustainability” of Fisher Investments, in a memo NEPC sent to its clients and that was provided on...