Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions.
U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank.
U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Airways to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the deal said on Thursday.
BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.
Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.
German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.
Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers.
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.
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