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Exclusive: U.S. seen open to 'enforceable mechanism' to end aircraft subsidy spat

The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two U.S. sources said.



6 years ago

Kellogg to take $35 million pretax hit on North America unit revamp

Kellogg Co said on Tuesday it would take a pretax charge of about $35 million to restructure its North American business following the sale of its popular Keebler biscuits brand and other assets.



6 years ago

News Corp exploring potential sale of News America Marketing business

Wall Street Journal-owner News Corp said on Tuesday it was evaluating options for its News America Marketing (NAM) business, including a potential sale.



6 years ago

Airbus Helicopters sees 18-month wait for oil & gas demand pick-up

Airbus expects it will be another 18 months before it sees the first signs of a recovery in demand for large helicopters from the oil and gas industry, the head of its helicopter division said on Tuesday.



6 years ago

Trump says U.S., Chinese teams to restart trade talks ahead of G20

U.S. President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders' teams would restart trade talks after a long lull in order to prepare for a meeting at the G20 summit later this month.



6 years ago

Boeing 737 MAX boosted by IAG plan to order 200 jets

Boeing's grounded 737 MAX jet received a boost on Tuesday after British Airways-owner IAG signed a letter of intent to order 200 of the planes and said it was confident that it would return to service in the coming months.



6 years ago

Wall St. climbs on trade optimism, dovish Fed bets

U.S. stocks rallied on Tuesday, with the S&P 500 closing in on record levels, as President Donald Trump's comments on the United States and China restarting trade talks added to optimism over the prospect of a more accommodative Federal Reserve.



6 years ago

Deutsche Bank considers replacing CFO: report

Deutsche Bank Chief Executive Christian Sewing is planning a major overhaul of top management, including replacing the finance chief, Bloomberg news agency reported on Tuesday.



6 years ago

Boeing seen winning renewed backing from 737 buyer at air show: source

Boeing may win a significant reconfirmation of support from a buyer of the 737 MAX passenger jet at the Paris Airshow on Tuesday, an industry source said.



6 years ago

Charitable contributions take a hit following tax reform

Early numbers show that the Tax Cuts and Jobs Act negatively impacted individuals' charitable contributions.

6 years ago

IAG orders 14 A321XLRs for Aer Lingus and Iberia

IAG on Monday ordered 14 of Airbus' new long-range version of the A321 passenger jet for its Irish Aer Lingus and Spanish Iberia airlines in order to boost their transatlantic routes, the company said on Tuesday.



6 years ago

Explainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency

The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstream commerce and finance.



6 years ago

Facebook takes aim at e-commerce with Libra cryptocurrency

Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.



6 years ago

Loonie little changed, pares earlier drop as oil price rallies

The Canadian dollar was little changed on Tuesday, paring earlier losses after slipping to a two-week low against the greenback, as a rally in oil prices offset domestic data showing an unexpected drop in April manufacturing sales.



6 years ago

Exclusive: U.S. seen open to mechanism to end aircraft subsidy spat - sources

The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two U.S. sources said.



6 years ago