U.S. firms say China tariffs will raise costs, with few sourcing alternatives
A broad range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics,...
New blow to Boeing from engine delay, Airbus long-range rival takes off
Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker’s engine supplier revealed a delay affecting its...
Billionaire Patrick Drahi snaps up Sotheby’s in $3.7 billion deal
Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby’s in a deal worth $3.7 billion, marking the storied...
KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC
KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm’s previous...
Wall St. moves higher; Fed policy meeting eyed
Wall Street’s main indexes climbed higher on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a crucial Federal Reserve meeting that is...
KPMG to pay $50 million for using stolen data, exam fraud: SEC
Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed...
Wall St. moves higher; Fed policy meeting on the horizon
U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path...
After Woodford fund suspension, focus turns to its stewards
The suspension of Neil Woodford’s flagship fund has put the focus on a little known firm tasked with ensuring his investors were being looked after...
U.S. businesses beg to be left off Trump’s tariff list
Hundreds of U.S. businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the U.S. Trade Representative’s Office opposing President Donald Trump’s...
Boeing lifts 20-year industry demand forecast to $6.8 trillion
Boeing Co raised its rolling 20-year industry forecast for passenger aircraft by 3% on Monday, fueled by strong air traffic predictions, though global geopolitical and...