 | | | | Federal Aviation Administration acting chief Dan Elwell told lawmakers on Wednesday he expects Boeing Co to submit a software fix for the grounded 737 MAX involved in two fatal crashes for approval soon, and said he was concerned by the planemaker's lengthy delay in disclosing a software anomaly. | | | | | | Warren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos. | | | | | | The United States is close to resolving a dispute over steel and aluminum tariffs with Canada and Mexico, U.S. Treasury Secretary Steven Mnuchin said on Wednesday, but Canada's foreign minister avoided direct comment on the prospects for a deal. | | | | | | Senior officials from Boeing Co and a U.S. aerospace trade group on Wednesday urged the U.S. government to narrowly tailor any tariffs imposed on the European Union over illegal aircraft subsidies to avoid harming American manufacturers. | | | | | | The chief executive of European missile maker MBDA is returning to Airbus as head of strategy as the planemaker seeks to modernize its factories and explore future options in defense. | | | | | | U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets. | | | | | | The U.S.-China trade war is hurting the U.S. ethanol industry "badly," Mike Dwyer, chief economist of the U.S. Grains Council, said on Wednesday at an event at New York Sugar week: | | | | | | Cisco Systems Inc reported quarterly earnings above analysts' estimates on Wednesday, boosted by growth in its traditional business of selling switches and routers, as well as strength in its focus areas such as cyber security. | | | | | | Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton. | | | | | | U.S. and European stock indexes gained on Wednesday after news that U.S. President Donald Trump planned to delay tariffs on auto imports, offsetting earlier pressure on equities from weak U.S. and Chinese economic data that helped depress bond yields. | | | | | | U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter. | | | | | |
