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Embraer suffered 'pain' in preparing Boeing deal, commercial head says

The head of the commercial aircraft unit of Embraer defended the benefits of a $4.2-billion tie-up abandoned by Boeing Co but said the Brazilian aerospace group was focusing on its future as a re-united company.



5 years ago

Mark Cuban says a lottery system is the only fair way to grant small business coronavirus loans

Cuban, who owns parts of many small businesses through "Shark Tank," also said owners should apply to multiple banks to boost their chances of getting relief.

5 years ago

Ford Chairman's daughter joins board of directors at EV startup Rivian

Ford Motor Co said on Friday Executive Chairman Bill Ford Jr's daughter would immediately join electric vehicle startup Rivian's board of directors.



5 years ago

Take Five: Trade winds to blow again?

China has headed off on Labour Day holidays but its leaders won't be resting easy. U.S. President Donald Trump has ratcheted up anti-China rhetoric again. He is threatening trade tariffs to punish Beijing for its alleged failure to contain the coronavirus, even accusing a Chinese lab of manufacturing the pathogen.



5 years ago

U.S. Republicans push for coronavirus lawsuit immunity for business

The top Republicans in the U.S. Congress displayed a united front on Friday in their drive to include coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation.



5 years ago

Dreams of a windfall push Mega Millions jackpot to $200 million

The Mega Millions jackpot has reached the $200 million mark for the first time in almost three months amid slowing sales due to the coronavirus pandemic.

5 years ago

U.S. manufacturing activity plunges to 11-year low as orders sink

U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession.



5 years ago

U.S. airlines mandating facial coverings for all passengers

The largest U.S. airlines are moving rapidly to mandate facial coverings for all passengers, with Southwest Airlines Co and Alaska Airlines on Friday joining other major airlines in imposing the measure to address the spread of the coronavirus and convince reluctant passengers to resume flying.



5 years ago

U.S. House panel calls on Amazon's Bezos to testify on third-party sellers

The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com < AMZN.O> founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products.



5 years ago

Wall St. slides as Trump warns of new China tariffs

Wall Street's main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit warning from Amazon added to the gloom.



5 years ago

Think Wall Street's back to normal? Not so fast, options markets say

Options investors are preparing for more volatility ahead despite last month's sharp rebound in U.S. stocks, reflecting doubts that markets will be quick to return to their former highs in the middle of the coronavirus pandemic.



5 years ago

Telefonica, Liberty Global weigh combining UK units: Bloomberg News

Spain's Telefonica SA and billionaire John Malone's Liberty Global Plc are exploring a combination of their UK operations, Bloomberg News reported on Friday.



5 years ago

Norwegian Air bondholders reject debt plan in setback for survival hopes

Norwegian Air's bondholders have turned down a proposed debt-to-equity swap, casting doubt on a plan that is vital to help the indebted airline survive the COVID-19 pandemic, although talks will still continue.



5 years ago

JPMorgan Chase approved to process $15 billion in new PPP loans

JPMorgan Chase & Co said on Friday that it received government approval to process roughly $15 billion in loans through the Small Business Administration's Paycheck Protection Program, bringing its total number of funded loans through the program to about $29 billion.



5 years ago

Mark Cuban: Texas reopening 'more show than go,' small business needs more help to do it safely

"There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday.

5 years ago