U.S. car dealers and industry analysts say President Donald Trump’s proposed 25% tariff on car imports could increase the average price of an imported vehicle in the U.S. by $5,800, raising the cost for consumers.
David Solomon, who was tapped to succeed Lloyd Blankfein as Goldman Sachs Group Inc. CEO, faces a big task in the postcrisis era as he seeks to make the firm more entrepreneurial and open. “Everything’s on the table,” he has told top executives.
Boeing Co. on Tuesday secured a $3.9 billion deal to build the new jets that will fly as Air Force One, with only one wrinkle yet to be resolved: their color. Competitor Airbus SE struck a $5.5 billion order with a planned U.S. carrier, putting pressure on Boeing.
Investors, plane makers and equipment suppliers are pushing to revive supersonic airliners and business jets. The big questions: Will regulators go along, and will passengers be willing to pay?
Novartis AG is freezing its U.S. drug prices for the rest of the year following pressure from President Trump, the second company after Pfizer Inc. to do so, reports Reuters.
U.K. pharmaceuticals company AstraZeneca PLC will increase its stockpiles of drugs by about 20% in preparation for a disruptive, no-deal Brexit, reports the BBC.
Grocers including FreshDirect LLC are betting millions on high-tech distribution centers that will move food faster and convince more customers to ditch supermarkets for digital shopping carts.
U.S. corporations are warning that currency fluctuations are weighing on their results, raising a red flag for investors heading into the thick of the second-quarter earnings season.
Gap Inc. is suing mall operator Westfield for allegedly overcharging the fashion retailer in an action that underscores the sometimes-tense relationship between landlords and tenants as e-commerce transforms the retail sector. Westfield was acquired by Unibail-Rodamco SA in 2017.
Texas Instruments Inc.’s Chief Executive Brian Crutcher has resigned over violations of the company’s code of conduct, the chip giant said, less than two months after taking control of the company. The company didn’t elaborate on the nature of the violations.
Chef’d LLC, a U.S. meal-kit operator serving major food brands and prominent chefs, has suspended operations after burning through investments and failing to secure more cash.
RLJ Lodging Trust named Sean Mahoney CFO; an appointment that comes after his former employer DiamondRock Hospitality Co. sued Mr. Mahoney from taking the job, citing a noncompete clause prohibiting him from working for another real estate investment trust for a year, reports the Washington Business Journal.
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