By David Shepardson WASHINGTON (Reuters) – The next head of the U.S. Federal Aviation Administration (FAA) will face challenges overseeing Boeing Co and a series of reforms mandated by Congress in the wake of two fatal 737 MAX crashes. The job opened late Wednesday when the FAA announced administrator Steve Dickson, 64, would resign effective…
By Alun John HONG KONG (Reuters) – The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin. The dollar slipped to a new two-week low of 114.78 yen…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold as geopolitical tensions between Washington and Russia over Ukraine flared. After Ukrainian forces and pro-Moscow rebels…
(Reuters) -Specialty chemicals company Celanese Corp is nearing a deal to buy DuPont de Nemours Inc’s mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The deal may be announced as soon as Friday, the report said. Celanese and DuPont did not immediately respond…
(Reuters) – Specialty chemicals company Celanese Corp is nearing a deal to buy DuPont de Nemours Inc’s mobility and materials unit for over $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Ruhi Soni in Bengaluru; Editing by Aditya Soni)
WASHINGTON (Reuters) – The U.S. Federal Trade Commission, which enforces consumer protection rules, voted on Thursday to embark on regulations that would allow it to win back money from companies that are deceptive about the earnings that workers can make. The FTC has previously gone after companies such as Uber Technologies Inc in 2017 and…
(Reuters) – The Federal Reserve will need to move more aggressively to remove accommodation than it did following the Great Recession by raising interest rates at a faster pace and shrinking its balance sheet more quickly, Cleveland Fed President Loretta Mester said on Thursday. “Barring a material change in the economy, I anticipate that it…
By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to quell rising inflation, a survey by the New York Federal Reserve published Thursday showed. The report card is included in the New York Fed’s…
By Matt Scuffham, Noor Zainab Hussain and Elizabeth Dilts Marshall NEW YORK (Reuters) -Wall Street’s biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns, asset price depreciation and companies postponing deals due to market uncertainty. U.S. banks reported a mixed bag of fourth quarter earnings last month as…
(Reuters) – Intel Corp said on Thursday it has pushed back the launch of standalone graphics chips for desktops to the second quarter, while those for laptops will be rolled out in the first quarter as originally planned. The announcement comes against the backdrop of an ongoing chip shortage and global supply chain issues, with…
