Category: Business

Boeing Co (BA.N) on Wednesday said it has resumed production of its 737 MAX passenger jet at the company’s Renton, Washington, plant at a “low rate” after halting production in January following two crashes that killed 346 people. The aircraft maker’s best-selling plane was grounded in March 2019 after the second fatal 737 MAX crash […]

United Airlines Holdings Inc (UAL.O) is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby told employees on Wednesday, as restrictions to keep the coronavirus from spreading are lifted. With stay-at-home orders easing across the United States, airlines have pointed to slight improvements […]

JPMorgan Chase & Co’s (JPM.N) head of its corporate and investment banking division said second-quarter revenues for its markets unit are on track to be up more than 50% higher than the same period last year, thanks to extremely strong fixed income and equities trading revenues. Speaking at a virtual conference hosted by global asset […]

Exxon Mobil Corp (XOM.N) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday. Climate activists had swung behind efforts to split the roles of chief executive and chairman after prior defeats on resolutions seeking to make it more accountable to shareholders on climate […]

A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards. In March, the administration issued final rules requiring 1.5% annual increases in vehicle fuel efficiency through 2026 – far weaker than the 5% increases set under former President […]

U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index .SPSY leading gains among major sectors. The index rose nearly 10% over […]

Japan’s Nissan Motor Co (7201.T) will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources. Nissan is due to announce restructuring steps under a new three-year business plan later on Thursday. Nissan did not immediately respond to a request for comment.