Possible Fed move to cap yield rise could further weaken U.S. dollar
The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and...
Boeing supplier Spirit announces layoffs due to virus, 737 MAX impacts
Boeing supplier Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing’s 737 program....
Tyson Foods says cooperating with DoJ in chicken price-fixing probe
Tyson Foods Inc said on Wednesday it was cooperating with the U.S. Department of Justice on a price-fixing investigation in the poultry industry, under a...
ConocoPhillips CEO says surprised by swift recovery in oil prices
ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in...
Nikola in talks with automakers for Badger pickup truck production: founder
Nikola Corp , a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming...
S&P 500, Dow finish lower in volatile trade on dour Fed forecasts
The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but...
Lufthansa says up to 26,000 employees at risk of losing jobs
Lufthansa admitted on Wednesday that the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs will be cut at the...
Fiat, PSA face EU antitrust probe over $50 billion merger: sources
Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned...
Ford recalls 2.15 million U.S. vehicles for potentially faulty door latches
Ford Motor Co said on Wednesday it will recall 2.15 million U.S. vehicles with potentially faulty door latches....
ConcoPhillips CEO says surprised by swift recovery in oil prices
ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in...