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Foxconn says Wisconsin factory production to launch by 2020

Mon, 03/18/2019 - 21:39
Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year.
Categories: Financial Media

Algeria suspends all Boeing 737 MAX 8 and 9 flights: Ennahar TV

Mon, 03/18/2019 - 21:00
Algeria's civil aviation authority has suspended all flight operations of Boeing 737 MAX 8 and 9 planes as a precautionary measure following the Ethiopian Airlines plane crash, Ennahar TV reported on Monday.
Categories: Financial Media

Wall St. advances ahead of Fed policy meeting

Mon, 03/18/2019 - 20:49
Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's U.S. Federal Reserve meeting for affirmation of its commitment to "patient" monetary policy.
Categories: Financial Media

U.S. states probing Hyundai, Kia over vehicle fires: Connecticut AG

Mon, 03/18/2019 - 20:36
A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday.
Categories: Financial Media

Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

Mon, 03/18/2019 - 20:33
Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles.
Categories: Financial Media

Canada re-examining Boeing 737 MAX approval after FAA certification probe

Mon, 03/18/2019 - 20:31
Transport Canada is re-examining the validation it gave Boeing Co's 737 MAX jets, following reports of a U.S. probe into the aircraft's certification by the Federal Aviation Administration (FAA), Canadian Transport Minister Marc Garneau said on Monday.
Categories: Financial Media

Warner Bros CEO Kevin Tsujihara resigns as AT&T probes 'mistakes'

Mon, 03/18/2019 - 20:13
Kevin Tsujihara has resigned as the head of Warner Bros as one of Hollywood's most powerful studios investigates a report that he improperly helped an actress obtain roles at the studio.
Categories: Financial Media

German lawmakers challenge deputy finance minister's Goldman link in bank merger

Mon, 03/18/2019 - 19:35
German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs on Monday, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank.
Categories: Financial Media

Google seeking to promote rivals to stave off EU antitrust action

Mon, 03/18/2019 - 18:52
Google is trying to boost price comparison rivals such as Kelkoo in an effort to appease European Union antitrust regulators and ward off fresh fines following a 2.4-billion-euro ($2.7 billion) penalty nearly two years ago.
Categories: Financial Media

Wall Street inches higher ahead of Fed policy meeting

Mon, 03/18/2019 - 18:43
Wall Street edged higher on Monday as declines in Boeing and Facebook held gains in check and investors eyed this week's Federal Reserve meeting for affirmation of the central bank's commitment to "patient" monetary policy.
Categories: Financial Media

Ethiopia and Indonesia crash parallels heap pressure on Boeing

Mon, 03/18/2019 - 18:42
Investigators into the Boeing 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker.
Categories: Financial Media

Ride-hailing firm Lyft launches IPO road show in Uber's shadow

Mon, 03/18/2019 - 18:41
Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April.
Categories: Financial Media

GM considers options for its Lyft stake following IPO

Mon, 03/18/2019 - 18:41
As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion.
Categories: Financial Media

Warner Bros CEO Kevin Tsujihara steps down

Mon, 03/18/2019 - 18:22
Warner Bros Chairman and Chief Executive Kevin Tsujihara has resigned from one of Hollywood's most powerful studios following a report that he improperly helped an actress obtain roles at the studio.
Categories: Financial Media

U.S. judge says Rio Tinto must face SEC fraud case

Mon, 03/18/2019 - 18:16
A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.
Categories: Financial Media

Former UAW vice president charged in U.S. corruption probe

Mon, 03/18/2019 - 17:45
U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the labor union's relations with Fiat Chrysler (FCA) of misusing funds for lavish purchases for himself and other union officials.
Categories: Financial Media

Exclusive: Sanofi says working on CEO succession plan

Mon, 03/18/2019 - 16:34
Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday.
Categories: Financial Media

Top Wall Street banks working on Deutsche-Commerzbank merger: sources

Mon, 03/18/2019 - 16:28
Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday.
Categories: Financial Media

Oil up as OPEC-led supply cuts support, Cushing draws down

Mon, 03/18/2019 - 16:15
Oil prices edged up on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines at the delivery point for U.S. crude futures.
Categories: Financial Media

What we know about Boeing 737 MAX crash and what comes next

Mon, 03/18/2019 - 16:06
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all.
Categories: Financial Media

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