Ford to lay off around 200 workers at Canadian plant

Ford Motor Co will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the company said ...

Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract

Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with...

Wall Street falls as Fed signals smaller rate cut

Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. ...

Oil climbs as Middle East tensions offset demand worries

Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent...

Global stocks down as big rate cut hopes fade, dollar rises

A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal Reserve at its next meeting were dialed back, pushing the dollar higher. ...

Trump: U.S. had 'very good talk' with China; in-person talks may follow

U.S. President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, amid signals from China that officials could soon meet face-...

Exclusive: J.C. Penney taps debt restructuring advisers - sources

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said ...

American Airlines-Qantas joint venture wins final U.S. approval

The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 201...

Airbus mimics nature with 'Bird of Prey' concept plane

Airbus on Friday unveiled a concept aircraft with splayed wingtips and a fanned tail inspired by the feathers of an eagle as it experiments with “biomimicry” technology that could eventually lead ...

BlackRock profit misses estimates, hit by lower fees for lending stocks

BlackRock Inc , the world's largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less money lending out stocks. ...