WASHINGTON (Reuters) – The U.S. trade deficit narrowed by the most in 10 months in January as automotive exports rose and China likely boosted purchases of soybeans, driving the first increase in exports in four months and offering a respite to a flood of dour data on the economy. The politically sensitive goods trade gap […]
As much as any company in corporate America, Boeing would appear to be well prepared to deal with a public-relations crisis. A major exporter and military contractor, Boeing has deep ties in Washington and spends lavishly on lobbying. Dennis A. Muilenburg, the chief executive, is on the board of the Business Roundtable, an influential group […]
While the European Union and Britain wrestle over the “Irish backstop” issue in their stalled Brexit agreement, a similar problem is taxing another island at the other end of the continent – Cyprus. In addition to military compounds, 22 communities with 11,000 people live in the so-called Sovereign Base Areas (SBAs), a British-controlled vestige of […]
YOKOHAMA, Japan (Reuters) – An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn. Following a three-month audit of Nissan’s governance after a scandal that shook the global auto industry, the committee […]
FRANKFURT (Reuters) – Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said. Lufthansa has provided information to potential bidders and has asked them to make offers for the business […]
What do you do if you're a food company looking for exciting, little-known ingredients to make your dishes stand out? Well, one firm's just decided it the best plan is to hire someone to travel to exotic locations to look for new ingredients. More, the successful candidate will be paid £50,000 a year to do […]
AIB is poised to sign off on a controversial €1bn sale of bad loans, including mortgages, to US fund Cerberus, it is understood. The sale, dubbed Project Beech, is AIB’s biggest to date and is mainly of mortgages and business loans in deep arrears. The US fund will pay around 30 cent in the euro […]
NEW YORK (Reuters) – Goldman Sachs Group Inc’s credit card deal with Apple Inc is the latest move by the Wall Street investment bank to court mass-market consumers, potentially connecting Goldman with hundreds of millions of iPhone users. But Goldman is entering a crowded market for co-branded cards where retailers often have the upper hand, […]
SEATTLE/WASHINGTON/MONTREAL (Reuters) – Boeing engineers armed with laptops and thumb drives will be able to upload a crucial software fix for the 737 MAX anti-stall system in about an hour. That’s the easy part. Before Boeing’s workhorse of the future can resume flying, the upgrade must first be approved by the U.S. Federal Aviation Administration […]
(Reuters) – OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fueling an opioid abuse epidemic. The settlement unveiled by Oklahoma Attorney General Mike Hunter on Tuesday was the […]