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Reuters: Business News
- 'Boneheads' no more? Fed's rate cuts appear to defuse Trump's Twitter rage December 12, 2019After three interest rate cuts and a fresh round of record highs for U.S. stock markets, has President Donald Trump lost interest in the Federal Reserve?
- Facebook pledges $130 million to content oversight board, delays naming members December 12, 2019Facebook said on Thursday it committed an initial $130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected.
- Boeing drops 2019 timeline for 737 MAX return after CEO meets with FAA December 12, 2019Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials.
- FAA chief tells Boeing CEO to focus on quality, timeliness of data submissions: email December 12, 2019The head of the U.S. FAA told Boeing Co's chief executive on Thursday the U.S. planemaker should focus on the quality and timeliness of data submittals for FAA review, according to an email from an FAA official to U.S. lawmakers seen by Reuters.
- Wall Street hits records on reports of U.S.-China trade deal December 12, 2019Wall Street's main indexes hit record highs on Thursday following news that the United States had reached a "deal in principle" with China to resolve a trade war that has rattled markets for nearly two years.
- American Airlines pulls 737 MAX from schedule through April 6 December 12, 2019American Airlines Group Inc will extend cancellations of Boeing Co 737 MAX flights through April 6, it said on Thursday, a day after the U.S. Federal Aviation Administration said it would not approve the plane's return to service before January.
- U.S. reaches 'deal in principle' with China on trade: source December 12, 2019The White House has reached a "deal in principle" with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.
- U.S. reaches deal in principle on trade with China: source December 12, 2019The United States has reached a "phase-one" trade deal in principle with China, a source briefed on talks between the two nations said on Thursday, saying a statement from the White House was expected soon.
- U.S. regulator weighs action against Facebook over how its apps interact -report December 12, 2019The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported on Thursday, citing people familiar with the matter.
- Oil rises 1% on optimism for a U.S.-China trade deal December 12, 2019Oil prices gained nearly 1% on Thursday on hopes that the United States and China were close to reaching a deal on an ongoing trade dispute that has raised concerns about global demand for crude.
- Exclusive: Boeing delays plans for record 737 production until 2021 - sources December 12, 2019Boeing Co has delayed plans to reach a record production rate of 57 737 jets per month next year, industry sources said on Thursday, even before the U.S. FAA announced a new delay in the 737 MAX return to service that raised uncertainty over production plans.
- Boeing says it will not win approval to return MAX to service before 2020 December 12, 2019Boeing Co acknowledged on Thursday it will not win approval this year from the Federal Aviation Administration to return the 737 MAX to service after the company's chief executive met with senior officials in Washington.
- Southwest reaches partial settlement with Boeing over projected 737 MAX damages December 12, 2019Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the grounding of its 737 MAX aircraft.
- Wall Street hits records on hopes tariffs will be dropped December 12, 2019U.S. stock indexes jumped to new highs on Thursday, and Treasury yields rose, on a tweet from President Donald Trump that a trade deal with China was "very close" and a report that U.S. trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods.
- Global stock index hits record high as U.S.-China trade deal optimism climbs December 12, 2019MSCI's global stock index hit a record high on Thursday and the U.S. dollar index gained after President Donald Trump said the United States was "very close" to reaching a trade deal with China.
- U.S. senator says Dec. 15 tariffs on Chinese imports may be averted December 12, 2019It may be possible to avert the next round of tariffs on Chinese imports set to be imposed on Sunday, Republican U.S. Senator John Hoeven said on Thursday following a lunch with U.S. Trade Representative Robert Lighthizer.
- Saudi Aramco hits Crown Prince's $2 trillion goal despite valuation doubts December 12, 2019Saudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm's value.
- Saudis hail 'fortune-telling' prince for Aramco price prediction December 12, 2019Saudis took to Twitter to celebrate Aramco's valuation hitting $2 trillion on Thursday, with one posting praising de-facto leader Crown Prince Mohammed bin Salman as a fortune teller.
- Thyssenkrupp in talks with Tesla about German factory: Handelsblatt December 12, 2019Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to build near Berlin, a board member of the German conglomerate told a business daily.
- Sweden opens Ericsson bribery probe after U.S. settlement: paper December 12, 2019Sweden's prosecution authority has opened an investigation into possible bribery by employees at mobile telecoms group Ericsson that came to light during a U.S. probe into corruption, daily Dagens Industri wrote on Thursday.