Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into falsely certified parts reached London’s High Court.
The United Auto Workers (UAW) and the Detroit Three automakers on Thursday have a final full day to make significant progress on a new contract before the union plans to otherwise announce an expansion of its U.S. strikes.
Walt Disney CEO Bob Iger told investors the company will “quiet the noise” in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday.
EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik’s proposed purchase of Whirlpool’s European domestic appliances business, an European Commission filing showed on Thursday.
Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable profitability.
NextEra Energy’s $5.4 billion retirement plan for employees has suffered about half a billion dollars in losses this year as outsized bets on company stock soured, reflecting ongoing risks of corporate 401(k) policies that encourage concentrated positions in company shares.
British publisher National World is sounding out potential investors to help finance a bid for the Telegraph newspaper group, three people with knowledge of the move said.
South Korea’s major exporters of cars and smartphones are bringing home a bigger chunk of their earnings this year to enjoy new tax breaks, and their ‘reshoring’ has become one rare source of support for a depreciating currency.
U.S. stock index futures fell on Thursday pressured by a decline in growth stocks as Treasury yields jumped after the Federal Reserve signaled that another rate hike was in the offing this year.
