Tuesday, 5 March 2019

Wall Street slips as GE swoons, key market level looms

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Wall Street slips as GE swoons, key market level looms

Wall Street's main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market's strong run.

JetBlue still weighing transatlantic business case: executive

JetBlue Airways Corp is still considering a business case for a potential launch of transatlantic flights from New York and Boston, Chief Commercial Officer Marty St. George said on Tuesday, a decision that is expected this year and possibly as soon as next month.

Top Tesla shareholder says Musk 'doesn't need to be CEO': Barron's

Tesla Inc's largest shareholder expressed its support for Chief Executive Officer Elon Musk, but acknowledged that it was open to a different role for the electric carmaker's founder and CEO, Barron's reported on Tuesday.

Stocks slip, dollar gains as China cuts growth target

A gauge of world stock markets recovered from early declines but was slightly lower on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data sent the dollar to a two-week high.

Airbus books order for 21 helicopters from Air Medical Group

European aircraft maker Airbus Tuesday said it booked an order for 21 helicopters from U.S.-based Air Medical Group Holdings.

GE's CEO warns of negative industrial cash flow in 2019, shares drop

General Electric Co's chief executive surprised investors on Tuesday by forecasting a net cash outflow from the conglomerate's industrial businesses this year, a far more negative outlook than he offered previously, sending shares and bonds down.

Kohl's profit view beats forecast as tie-ups, new items lure shoppers

Kohl's Corp forecast full-year profit above Wall Street estimates on Tuesday, as partnerships with Amazon and a range of new brands attract more shoppers.

Exclusive: Romania's opposition seeks Huawei ban in telecom infrastructure

Romania's biggest opposition party will trigger a public inquiry into Huawei's contribution to critical infrastructure and seek to bar it from 5G network development due to mounting security concerns, its IT expert said on Tuesday.

Exclusive: Mexican central bank in talks with Amazon about new mobile payments

Mexico's central bank is in talks with Amazon.com Inc to launch a new government-backed mobile payment system that would allow consumers to pay for online purchases using QR codes, the bank's head of payments said.

Delta dangles future order for 200 jets, considering Alitalia investment

Delta Air Lines fueled the appetite of planemakers on Tuesday after Chief Executive Ed Bastian said the airline planned to replace some 200 Boeing 757 and 767 aircraft over the next decade.

Papa John's founder Schnatter to exit board in settlement

Papa John's founder John Schnatter is leaving its board of directors as part of a settlement resolving a bitter dispute for control of the world's third-largest pizza chain.

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