The acting head of the U.S. Federal Aviation Administration will tell a congressional panel on Wednesday that the agency’s oversight approach must “evolve” after two fatal Boeing 737 MAX crashes since October, according to written testimony viewed by Reuters.
Adobe Inc and Microsoft Corp are partnering to bolster each other’s sales and marketing software capabilities, taking aim at common rival Salesforce.com Inc, they said on Tuesday.
Bed Bath & Beyond Inc’s long-time Chief Executive Officer Steven Temares came under pressure on Tuesday after activist investors called for his ouster and the replacement of the entire board, sending the company’s shares up as much as 30 percent.
Volkswagen AG does not plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will begin importing them this year, its top executive for South America Pablo Di Si told reporters on Tuesday.
Wall Street’s main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices.
Benchmark U.S. Treasury yields rebounded off of 15-month lows on Tuesday while global stock markets broadly surged after a two-session swoon, as risk appetite improved after worries of an economic recession had clouded trading since late last week.
EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China’s Huawei Technologies across the bloc.
Huawei, the world’s third-largest smartphone maker, presented its new flagship phone in Paris on Tuesday with the hope of making further gains in Europe, a region where its other products could face in-depth scrutiny for security reasons.
High-end French department store Galeries Lafayette will open a new outlet on Paris’s Champs Elysees this week, aiming to lure big-spending tourists and trendy Parisians back to the tree-lined avenue that was once a byword for style.
Wall Street’s main indexes rose on Tuesday, supported by gains in technology and financial stocks, looking to rebound from declines in the previous two sessions driven by global growth worries.
German pharma group Merck KGaA on Tuesday sidestepped the management of takeover target Versum Materials and took its $5.9 billion offer directly to the U.S. chemical company’s shareholders.
Purdue Pharma LP and members of the wealthy Sackler family that own the OxyContin maker have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing the company of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday.
Thomas Cook announced a review of its money division on Tuesday, in its latest step to streamline operations and focus on its core holiday business after a rough 2018 prompted profit warnings.
Wall Street’s main indexes opened higher on Tuesday, for the first time in five sessions, as Apple Inc led gains in technology stocks, while financials were lifted by big banks.
Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry.
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