Business News
U.S. stocks rise on tech gains, oil rebound6/23/2017 9:47:13 PM - U.S. stocks were higher in early afternoon trading on Friday, with the Nasdaq set to post its first weekly gain in three weeks, helped by gains in technology stocks and a rebound in oil prices.EU promises tough line on U.S., China while pushing for free trade6/23/2017 7:43:20 PMBRUSSELS - German Chancellor Angela Merkel warned U.S. President Donald Trump on Friday that Europe would react in kind if the United States did not play fair in trade, while EU leaders also agreed to consider screening investments by state-owned Chinese firms.GM says settles many lawsuits over ignition switches6/23/2017 10:55:41 PMNEW YORK - General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday.Ford recalls 15,600 cars in South Africa over fire risk6/23/2017 1:13:48 PMJOHANNESBURG - Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday.Russia's fighter jet makers 'not afraid' of U.S. competition in India6/23/2017 10:49:47 PMPARIS - Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there.Oil creeps up from 10-month low, down nearly 4 percent on week6/23/2017 10:34:06 PMNEW YORK - Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10-month low as OPEC-led production cuts have failed to substantially reduce a global crude glut.Honda engineer debunks own claim about cause of Takata air bag failures6/23/2017 11:17:36 PMDETROIT - Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken.Canada's CIBC completes $5 billion PrivateBancorp buy6/23/2017 5:44:44 PMTORONTO - Canadian Imperial Bank of Commerce has completed the $5 billion acquisition of Chicago-based PrivateBancorp , which will help it diversify from its domestic market, it said on Friday.Are you being served? Planemakers alter sales pitch to boost profit6/23/2017 9:09:37 PMPARIS - Airbus and Boeing leave this week's Paris Airshow with plans for ambitious growth in aviation services, as flattening demand for new jets and pressure to raise profit margins encourages planemakers to deepen their exposure to airline operations.Exclusive: Investment funds offered to invest in Italy's Veneto banks three weeks ago - sources6/23/2017 11:00:22 PMLONDON - A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome.