U.S. President Donald Trump is expected nominate former Delta Air Lines executive Steve Dickson to head the Federal Aviation Administration (FAA) as early as Tuesday, two people briefed on the matter said.
Lyft Inc’s initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is seeking, people familiar with the matter said on Tuesday.
Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders’ social-media popularity.
U.S. Transportation Secretary Elaine Chao said on Tuesday she had asked the department’s inspector general to audit the Federal Aviation Administration’s certification of the Boeing 737 MAX after two fatal crashes involving the jet since October.
Stocks across the globe rose on Tuesday for a seventh straight session, the longest upward streak of the year, while the pound wobbled against the dollar on expectations that European Union officials would give Britain a delay on Brexit negotiations.
Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting.
Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
The S&P 500 and Nasdaq held at five-month highs on Tuesday as investors hoped the Federal Reserve would stick to its patient stance at the end of a two-day policy meeting this week, shrugging off mixed reports on the U.S.-China trade talks.
General Motors Co said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants in Sao Paulo state over the next five years, reversing what the state’s governor said was a previous plan to shut down the plants, potentially costing 65,000 jobs.
Wall Street’s main indexes pared gains sharply on Tuesday following a Bloomberg report that U.S. officials are concerned China is pushing back against American demands in trade talks.
A proposal by Colombian coffee growers’ federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said.
The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it has fined Citigroup $25 million for violating the Fair Housing Act after it denied some borrowers preferential rates on the basis of their race, color or other factors.
The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome.
Norsk Hydro, one of the world’s largest aluminum producers, battled on Tuesday to contain a cyber attack which halted parts of its production, the latest example of the damage hackers can cause to business and industry.
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