NEW YORK: Wall Street stocks retreated on Wednesday (Jul 17), with industrial companies especially weak as a Federal Reserve report described US growth as "modest." Shares of Dow members Caterpillar, United Technology and Honeywell International fell more than two per cent on the dimming outlook ...
The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to US$14.3 billion in sales over the next decade, a study said on Wednesday, even as U.S. officials warn of national security risks.
Boeing Co said on Wednesday it will dedicate half of a US$100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with compensation expert Ken Feinberg hired by the world's largest plane maker to oversee the distribution.
Qualcomm , the world's no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said.
WASHINGTON: US House of Representatives Speaker Nancy Pelosi said on Wednesday (Jul 17) she would like to have a proposal on raising the U.S. debt ceiling on the House floor by Jul 25. For that to happen, there needs to be an agreement on the debt limit with the administration by...
When Californian counties and cities first sued paint makers in 2000, they wanted the companies to pay billions to remove dangerous old lead paint from hundreds of thousands of homes.
Italy has bowed to pressure from Chinese telecoms equipment makers Huawei Technologies and ZTE and will drop emergency legislation strengthening state powers to intervene in the development of 5G services, lawmakers said on Wednesday.
WASHINGTON: Fears President Donald Trump's trade wars will harm the economy are pervasive but for now America keeps chugging along with steady job creation and tame inflation, the Federal Reserve reported on Wednesday (Jul 17). Worries about the trade outlook are likely to weigh on the Fed's ...
Bitcoin hasn't been the only casualty of the backlash by the world's major economic powers against Facebook's plans for a cryptocurrency, with smaller digital coins also feeling the burn.
The Qatari-backed lawyer tasked with trying to draw a line under Deutsche Bank's regulatory scandals has risen rapidly at the German bank, jumping to the management board after three years as a "sparring partner" on the bank's supervisory body.
