June 17, 2020

LATAM Airlines to suspend operations in Argentina indefinitely

LATAM Airlines Group on Wednesday said it will cease operations at its Argentine subsidiary “indefinitely,” its first major cutback since Latin America’s largest airline filed for […]
June 17, 2020

U.S. homebuilding rises moderately; jump in permits hints at green shoots

U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge […]
June 17, 2020

Stocks seesaw as rising coronavirus cases offset recovery hopes

Equity markets around the world seesawed on Wednesday as the prior day’s rally on economic and vaccine hopes faded, while fresh coronavirus outbreaks and rising geopolitical […]
June 17, 2020

FAA chief acknowledges agency, Boeing made mistakes on 737 MAX

Federal Aviation Administration chief Steve Dickson acknowledged on Wednesday that Boeing and the U.S. air safety agency both made mistakes in the development of the 737 […]
June 17, 2020

Powell repeats Fed to use full range of tools to aid economy

With a full U.S. economic recovery out of reach until the coronavirus pandemic is brought to heel, the Federal Reserve will use its “full range of […]
June 17, 2020

FAA ‘stonewalling’ Boeing 737 MAX probe after fatal crashes: senator

The U.S. Federal Aviation Administration has been “stonewalling” senators conducting an investigation into the design and development of Boeing Co’s 737 MAX in the wake of […]
June 17, 2020

Citing ‘racial stereotype,’ PepsiCo to drop Aunt Jemima name; Uncle Ben’s under review

PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has […]
June 17, 2020

S&P 500, Dow struggle for direction after three-day rally

The S&P 500 and the Dow edged lower in choppy trading on Wednesday as a record rise in coronavirus cases in six U.S. states dented sentiment […]
June 17, 2020

EU worried Fiat-PSA deal may hit competition in vans

Fiat Chrysler and Peugeot maker PSA’s proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday […]
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