Finance

Boeing raises long-term forecast for jetliner deliveries

Boeing raises long-term forecast for jetliner deliveries The single-aisle segment will see the most growth over the forecast, fueled by low-priced carriers and emerging markets. "Our customers told us to build it bigger", Boeing Commercial Airplane CEO Kevin McAllister said to CNN on Monday about the newest version of the 737 Max. [Full Article...]

Cosby prosecutor fights release of juror names

McCloskey is the first of the jurors to speak out about the trial . Meanwhile, Montgomery County's District Attorney Kevin R. Steele said Constand is "entitled to a verdict" in the case so there has to be another trial. As an alternate, Mike McCloskey heard all the testimony but didn't participate in deliberations. If prosecutors conclude the latter, they might seek new or additional experts. [Full Article...]

Prince George and Princess Charlotte steal show at parade for Queen's Birthday

Prince George and Princess Charlotte steal show at parade for Queen's Birthday At least 17 people have been confirmed dead in the blaze. "United in our sadness, we are equally determined, without fear or favor, to support all those rebuilding lives so horribly affected by injury and loss". In her statement, she said: "My thoughts and prayers are with those families who have lost loved ones in the Grenfell Tower fire and the many people who are still critically ill in hos... [Full Article...]

Uber CEO Takes Leave of Absence Amidst Management Shakeup

Uber said its board has met to discuss Holder's report and unanimously voted to adopt all of the recommendations. As part of the 13-page report Uber commissioned from former USA attorney general Eric Holder and his law firm that was released Tuesday, Uber laid out new guidelines for drinking at work and company events. [Full Article...]

Trump appears to confirm he's under investigation

Since Attorney General Jeff Sessions has recused himself, Rosenstein is the Justice Department official directly responsible for matters relating to the investigation of Russian interference in the US presidential election of 2016, including any possible role played by people associated with Donald Trump's campaign. [Full Article...]

Whole Foods shares keep rising in bidding war speculation

Whole Foods shares keep rising in bidding war speculation German discounters Aldi and Lidl are battling Wal-Mart, which controls 22 percent of the USA grocery market, with each vowing to undercut whatever price the others offer . What do you think it will be like to walk into a Whole Foods 10 years from now? Will my neighborhood Whole Foods disappear? Wholepeople.com, Whole Foods' e-commerce subsidiary, didn't end well: The company had hoped to ... [Full Article...]

Amazon buying Whole Foods in $13.7 billion deal; grocery stocks tumble

Amazon buying Whole Foods in $13.7 billion deal; grocery stocks tumble Department stores have shed 46% of their workers since 2001, a greater percentage of their jobs than coal mines or factories have lost over the same period. For traditional grocers, like Kroger , this purchase makes the market even more price-competitive, she added. The deal sent shockwaves across the food distribution market and beyond. [Full Article...]

Scalise on the mend, now in 'serious' condition

Scalise on the mend, now in 'serious' condition She says that everyone should examine their own conscience. Capitol Police officer David Bailey and Texas Rep. Roger Williams were also injured during the incident. Hodgkinson has been in the area since March, living out of his van, said local FBI Special Agent In Charge Tim Slater. The House used a voice vote Thursday to approve a resolution lauding the Capitol Police for protecting lawmakers a... [Full Article...]

Jimmie Johnson forced to backup car after practice spin

The defending Cup Series champion will go through the 2020 season with Hendrick Motorsports . In addition to singing Johnson , Hendrick Motorsports signed Lowe's to a one-year extension of its deal to continue as the full-season sponsor of Johnson through 2018. [Full Article...]

Wife: Man who shot congressman wanted to work on tax policy

The bullet tore through his pelvis, fracturing bones, injuring internal organs and causing severe bleeding, the hospital said. One member of the US Capitol Police, who were part of Scalise's protective detail, a congressional staffer and a lobbyist were also wounded by gunfire, the Federal Bureau of Investigation statement said. [Full Article...]

Schiff says firing Mueller would echo Watergate

Schiff says firing Mueller would echo Watergate In a pivotal shift in the investigation that has riveted Americans like no other in decades, senior intelligence officials have agreed to be interviewed by investigators working for the special counsel, Robert Mueller , the Post said. Moscow has denied USA intelligence agencies' conclusion that it interfered in last year's election campaign to try to tilt the vote in Trump's favor. [Full Article...]

Anbang says chairman Wu can't perform duties amid detention reports

Anbang says chairman Wu can't perform duties amid detention reports Anbang is China's third largest insurer with 1.97 trillion yuan (U.S.$290 billion) in total assets, and recent reports by financial news service Caixin and the New York Times have exposed complex ownership patterns linking much of its assets to Wu and his wife. [Full Article...]

British inflation rate rises to 4-year high as Brexit bites

British inflation rate rises to 4-year high as Brexit bites Besides a data-heavy week culminating in a BoE interest rate decision on Thursday, investors also awaited a resolution of the political limbo resulting from last week's national election, which produced no clear majority for any party. Asked by Reuters if he expected the government's Brexit strategy to change, Baker said: "I don't foresee any change". The wage numbers jarred with the picture o... [Full Article...]

Court approves Marsh deals to sell 26 grocery stores

Court approves Marsh deals to sell 26 grocery stores In court documents, Marsh argues that condition doesn't apply to a business that buys those stores, or in a bankruptcy situation generally. The other successful bidder, Generative Growth II LLC, is owned by Fresh Encounter Inc. If the judge signs off on the deal, it would appear that Fresh Encounter will buy the 15 stores for a song. But there's a problem: the two companies want to be able... [Full Article...]

US consumer prices dip 0.1 percent in May

The U.S. Labor Department said Wednesday that the consumer price index edged down 0.1% last month following a small 0.2% increase in April. Interest-rate doves, who would rather delay further rate increases, would note the softness in CPI and the fact that the Fed's preferred gauge of inflation - personal consumption expenditures - has not reached its 2% target. [Full Article...]

Iraq Beats Saudis to Become Oil King in Fastest-Growing Market

Data from the U.S. Energy Information Administration ( EIA ) showed U.S. commercial crude oil inventories fell by 1.7 million barrels in the week through June 9. This upward adjustment was mainly due to the downward revision in non-OPEC supply as world oil demand remained unchanged. "Abu Dhabi swiftly enforced a ban on oil tankers linked to Qatar calling at ports in the UAE, which coul... [Full Article...]

'Wonder Woman' buries 'The Mummy' at box office

'Wonder Woman' buries 'The Mummy' at box office Variety said " The Mummy " debut was on pace to make $32.2 million domestically and the studio hopes to recoup the low take in the United States in markets overseas. James Film Directors Encyclopedia (on which he collaborated with editor Andrew Sarris). "Obviously we always want to do the best gross we can and we were challenged domestically", said Nick Carpou, president of domestic theatrical... [Full Article...]

FDA to delay rule requiring new nutrition facts panel

FDA to delay rule requiring new nutrition facts panel The delay is the latest reversal of the Obama administration's nutrition reforms under Trump. But grocery and convenience stores said their offerings are more complicated and asked for adjustments to the rule. Industry groups wrote to Health and Human Services Secretary Tom Price in March asking that the deadline be extended to May 2021, according to a letter made public by the nonprofit healt... [Full Article...]

Lyft joining forces with Jaguar Land Rover in tech venture

Lyft joining forces with Jaguar Land Rover in tech venture Preceding this investment , InMotion also invested in a business connected to Lyft called SPLT . InMotion says the move will be a boon to Lyft as it eyes expansion and upgrades for the self-driving technology it is testing. "[Currently] there are over 22 automakers and 34 hardware/software companies helping to develop self-driving cars". Lyft co-founder John Zimmer said that the company 'env... [Full Article...]

Clinging on to her job, Britain's May appoints new ministers

Clinging on to her job, Britain's May appoints new ministers Theresa May's top aides Nick Timothy and Fiona Hill have resigned. Britain's bestselling Sun newspaper said senior members of the party had vowed to get rid of May, but would wait at least six months because they were anxious that a leadership contest could propel Labour leader Jeremy Corbyn into power. [Full Article...]


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