Fed cuts rates on 7-3 vote, gives mixed signals on next move
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely...
UTC technology chief Paul Eremenko steps down
The chief technology officer of United Technologies Corp , Paul Eremenko, has stepped down, just under two years after moving to the U.S. conglomerate from...
GM to temporarily lay off 1,300 workers in Canada: CNBC
General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States...
Banker tells German court of ‘vast network’ at center of fraud trial
A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a...
U.S. trade groups urge Congress to rein in ‘Tariff Man’ Trump
Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump’s power to unilaterally impose tariffs amid growing...
German prosecutors probe Airbus for potential misuse of client documents
Munich prosecutors said on Wednesday they had launched a probe against Airbus after the company notified the authorities about potential irregularities involving customer documents....
Fed keeps cash spigot open as key rate punches above its target
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank’s targeted range...
Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
JPMorgan Chase & Co Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding...
Wall Street retreats ahead of Fed decision as FedEx weighs
U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve’s decision on interest rates and clues about its future monetary policy,...
FedEx tumbles 13% on weak 2020 outlook, brokers cut price targets
Shares of FedEx Corp fell about 13% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming trade tensions and its split...