Category: Business & Finance

House panel asks Boeing CEO to testify October 30 on 737 MAX

FILE PHOTO: Boeing Co Chief Executive Dennis Muilenburg in Chicago, Illinois, U.S., April 29, 2019. Jim Young/Pool via REUTERS/File Photo WASHINGTON (Reuters) – The U.S. House Transportation and Infrastructure Committee on Tuesday formally asked Boeing (BA.N) chief executive Dennis Muilenburg to testify on the now grounded 737 MAX that has been involved in two deadly […]

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Adobe fourth-quarter revenue forecast disappoints; shares drop

FILE PHOTO: An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Adobe Inc (ADBE.O) on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading. The […]

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Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions

WASHINGTON/DUBAI (Reuters) – The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East. Three officials, speaking to Reuters on condition of anonymity, said the attacks involved both cruise missiles and […]

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Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

WASHINGTON (Reuters) – A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration. FILE PHOTO: A dragonfly is seen on a Wall Street sign in New York September […]

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UK urges collective response to attacks on Saudi oil facilities

FILE PHOTO: British Prime Minister Boris Johnson leaves after a meeting with Luxembourg’s Prime Minister Xavier Bettel in Luxembourg, September 16, 2019. REUTERS/Yves Herman LONDON (Reuters) – British Prime Minister Boris Johnson told Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday that there should be a collective response to attacks on the country’s oil […]

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U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers

FILE PHOTO: Democratic U.S. presidential candidate Senator Amy Klobuchar speaks at the 2019 Presidential Galivants Ferry Stump Meeting in Galivants Ferry, South Carolina, U.S. September 16, 2019. REUTERS/Randall Hill (Reuters) – U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma […]

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Head of Russian shipping giant Sovcomflot to step down -deputy PM’s office

FILE PHOTO: Sergei Frank, president and chief executive of Russia’s Sovcomflot shipping company, attends the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018. REUTERS/Sergei Karpukhin/File Photo MOSCOW (Reuters) – The chief executive of Russian state-controlled shipping giant Sovcomflot, Sergei Frank, will step down after 15 years in office, the office of Deputy Prime […]

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