Oil prices surged to a nearly six-month high after the U.S. said it would end waivers for countries importing Iranian oil. (WSJ)
Sales of existing homes in the U.S. fell 4.9% in March. (WSJ)
Research shows U.S. tariffs on imported washing machines cost consumers about $1.5 billion a year, and prices for dryers rose about the same amount. (WSJ)
Price increases helped Whirlpool Corp. lift profit margins in the latest quarter despite weaker demand in some markets. (WSJ)
Tesla Inc. Chief Executive Elon Musk wants to turn the auto maker toward building on-demand robot taxi fleet by next year. (WSJ)
Samsung Electronics Co. delayed the rollout of its new folding smartphone after problems arose with initial review devices. (WSJ)
Huawei Technologies Co. says it has signed 40 contracts to supply carriers with 5G technology, and shipped more than 70,000 5G base stations. (WSJ)
Kimberly-Clark Corp. quarterly profits rose as higher prices offset lower volumes. (WSJ)
Bed Bath & Beyond Inc. will overhaul its board and review operations amid a proxy battle with activist investors. (WSJ)
The U.S. Department of Transportation plans to award $900 million in BUILD infrastructure grants this year. (American Shipper)
A new round of Fashion Manufacturing Institute grants will distribute $730,000 to companies that make clothing in New York City. (Sourcing Journal)
Online pet food retailer Chewy.com is building a 700,000-square-foot fulfillment center in Salisbury, N.C. (WCNC)
DHL Express Chief Executive John Pearson says the carrier’s U.S.-China business remained “very strong” last year despite trade tensions. (South China Morning Post)
Kinder Morgan plans to launch LNG operations on May 1 at an export terminal at Elba Island, Ga., near the Port of Savannah. (Lloyd’s List)
China Cosco Shipping Ltd. ordered up to 10 large bulk ships from a Chinese shipyard. (Seatrade Maritime)
|