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Reuters: Business News

BMW picks Oliver Zipse as new CEO
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.


POSTED JULY 18, 2019 3:08 PM
Oil falls about 2.5% as U.S. Gulf production returns
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.


POSTED JULY 18, 2019 3:05 PM
U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source
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.


POSTED JULY 18, 2019 2:58 PM
BMW promotes Oliver Zipse to CEO
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.


POSTED JULY 18, 2019 2:47 PM
Trump's tariffs trip up the all-American RV industry
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.


POSTED JULY 18, 2019 2:40 PM
Southwest schedules without Boeing 737 MAX until Nov. 2, freezes pilot hiring
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.


POSTED JULY 18, 2019 2:24 PM
Union Pacific cost cuts sheltered profit amid freight slowdown
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.


POSTED JULY 18, 2019 2:19 PM
Trade, earnings caution weigh on stocks; oil drops
A gauge of global stocks lost ground for a third straight session on Thursday on worries over how the trade war between the United States and China could take a toll on corporate earnings, while oil prices dropped on expectations of rising output.


POSTED JULY 18, 2019 1:55 PM
Trump to meet with airline CEOs on Qatar flights
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.


POSTED JULY 18, 2019 1:54 PM
Trump to meet airline executives to discuss 'competition and transparency'
U.S. President Donald Trump will meet with top executives from a handful of airlines on Thursday to discuss "competition and transparency," a White House official said.


POSTED JULY 18, 2019 1:47 PM

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