European markets move higher as Brexit talks begin; Credit Suisse up 3.4%
Boeing launches new version of 737 jet
Image copyright Boeing Boeing has maintained the pressure on Airbus, its main rival, with the launch of the biggest version yet of the 737 short-haul jet.The world's largest commercial aircraft maker announced plans for the 737 Max 10 at the Paris Air Show on Monday.The new variant of the plane can carry up to 230 passengers and already has more than 240 orders from 10 customers.Boeing says the new 737 will have the lowest operating costs of any single-aisle plane ever produced."The Max 10 ..>> view originalJeff Bezos is $5 billion away from being the world's richest person
Watch out, Bill Gates: Jeff Bezos is gunning for your title. Thanks to a surge in Amazon (AMZN, Tech30) stock -- the company just announced that it is buying Whole Foods (WFM) -- Bezos added another $1.8 billion to his net worth, according to Bloomberg. Bezos is now worth about $84.6 billion total, leaving him just $5 billion shy of overtaking Gates as the wealthiest person in the world. He has a good shot. Bezos, 53, is focused on aggressively expanding Amazon, while Gates, 61, wants t..>> view originalMusk Response To Tesla Factory Injuries Is Damage Control Not Emotional Intelligence
Elon Musk arrives at the Vanity Fair Oscar Party on Sunday, Feb. 26, 2017, in Beverly Hills, Calif. (Photo by Evan Agostini/Invision/AP) Tesla CEO Elon Musk is one of the more polarizing figures in modern business. There is no doubt that he has accomplished far more than most people would have thought possible with his companies and he deserves plenty of respect for his sheer tenacity in pressing forward with Tesla, SpaceX and SolarCity. However, the dark side of that success is a cult o..>> view originalBaby born on flight to India gets free plane tickets for life
An Indian airline just gave a newborn child a birthday gift his parents will find it hard to top. Jet Airways said it will give free flight tickets for life to a boy who was born on one of its flights between Saudi Arabia and India. The child’s mother — whose identity the airline didn’t reveal out of respect for her privacy — went into labor prematurely on Sunday at an altitude of 35,000 feet, Jet Airways said. The flight, bound for the southern Indian city of Kochi, was diverted to Mumbai, whe..>> view originalOil prices pause after sharp falls
LONDON Oil prices edged higher on Monday, pausing for breath after coming under pressure over the past month from rising production in the United States, Libya and Nigeria, which has taken the edge off an OPEC-led initiative to support the market by cutting production. Brent crude futures LCOc1 were trading 17 cents higher at $47.54 per barrel by 1015 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 were 15 cents higher at $44.89 per barrel.Both benchmarks are down some 13 percent si..>> view originalAsian Shares Rise Ahead Of Brexit Talks
Shutterstock photo (RTTNews.com) - Asian stocks rose broadly on Monday as weaker-than-expected U.S. housing and consumer sentiment data tempered expectations for a spate of interest rate increases this year and French voters gave President Emmanuel Macron's upstart party a solid victory in Sunday's second-round election. Macron's party won a clear parliamentary majority at the weekend, giving him a strong mandate in parliament to pursue his pro-EU, business-friendly reform plans. Brexit ..>> view originalWhy M&A Strategy (And Your Retail Experience) Just Changed Forever -- Amazon Swallows Whole Foods
The Whole Foods Market in Midtown New York. (TIMOTHY A. CLARY/AFP/Getty Images) Last Friday, e-commerce giant sent yet another shock wave rippling through all retailers, online or otherwise. Amazon announced the intention to purchase health foods grocer Whole Foods for $13.7 billion. Share prices for Wal-Mart, Kroger, and Costco all tumbled. The size of the deal is atypical. Since listing its stock publicly in 1997, Amazon has acquired nearly 80 other companies, including movie-and-TV i..>> view originalLockheed Martin agrees with Trump that defense budget dollars should be spent wisely
President Donald Trump and Lockheed Martin Corp are both on the same page when it comes to defense spending and delivering value for money for U.S. taxpayers, CEO Marillyn Hewson told CNBC on Monday. In December, President-elect Trump tweeted criticism of Lockheed Martin's F-35 fighter jet program, saying the cost was "out of control". The company's market value subsequently fell by around $4 billion. "I think what President Trump was trying to communicate to the American citizens is that he is..>> view originalAirbus reveals potential A380 Superjumbo upgrades
PARIS--Airbus SE (AIR.FR) Sunday introduced potential upgrades to its A380 superjumbo to reduce fuel burn as it struggles to secure sales for the airplane. Airbus said the A380 study would feature enhancements to cut the double-decker's fuel consumption by around 4%. The changes would include adjustments to the plane's wing and the addition of large winglets, the structures at the end of the wing that can improve aerodynamic performance. Earlier this year, Airbus unveiled changes to the cabin, ..>> view original
Monday, June 19, 2017
European markets move higher as Brexit talks begin; Credit Suisse up 3.4% and other top stories.
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