U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies
WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15,... Read More

U.S. raises tariffs on European-built aircraft in ongoing dispute over subsidies

U.S. raises tariffs on European-built aircraft in ongoing dispute over subsidies
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau/File Photo WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on the EU in a 16-year transatlantic... Read More

Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers

Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo WASHINGTON (Reuters) – The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union, Airbus (AIR.PA) said. The... Read More

IBM withdraws from RSA conference over coronavirus fears

IBM withdraws from RSA conference over coronavirus fears
(Reuters) – International Business Machines Corp (IBM.N) on Friday said it had canceled its participation in the RSA cyber security conference due to coronavirus-related concerns. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo “The health of IBMers is our primary concern as we continue to... Read More

U.S. firm wins reprieve from expanded duties on steel products

U.S. firm wins reprieve from expanded duties on steel products
FILE PHOTO – U.S. President Donald Trump speaks about trade at the Granite City Works steel coil warehouse in Granite City, Illinois, U.S., July 26, 2018. REUTERS/Joshua Roberts WASHINGTON (Reuters) – The U.S. Court of International Trade has issued a temporary order under which U.S. customs agents cannot collect duties from a U.S. company under President Donald Trump’s recently-announced expansion... Read More

Boeing tells FAA it does not believe 737 MAX wiring should be moved -sources

Boeing tells FAA it does not believe 737 MAX wiring should be moved -sources
SEATTLE/WASHINGTON (Reuters) – Boeing Co (BA.N) told the U.S. Federal Aviation Administration it does not believe it needs to separate wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit and cause catastrophic consequences, people familiar with the matter said on Friday. An employee walks past a Boeing 737 Max aircraft seen parked at the... Read More

Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Friday said it has taken a $549.1 million stake in Kroger Co (KR.N), investing in the largest U.S. supermarket chain as smaller rivals struggle. FILE PHOTO – Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual... Read More

Injured by China’s trade practices? Call 202-395-3900, USTR says

Injured by China’s trade practices? Call 202-395-3900, USTR says
WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Friday it has established a dispute resolution office and complaint hotline to enforce President Donald Trump’s “Phase 1” trade deal with China, which takes effect on Saturday. FILE PHOTO – Shipping containers are being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the Port... Read More

Stocks edge up with positive chipmaker forecast, oil gains for the week

Stocks edge up with positive chipmaker forecast, oil gains for the week
NEW YORK (Reuters) – Global stock markets rose slightly on Friday as investors bet on a lull in proliferation of the coronavirus, while oil prices registered their first weekly gain since early January. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 6, 2020. REUTERS/Lucas Jackson... Read More

Boeing gives recommendations to FAA on 737 MAX wiring concerns: sources

Boeing gives recommendations to FAA on 737 MAX wiring concerns: sources
An employee walks past a Boeing 737 Max aircraft seen parked at the Renton Municipal Airport in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson SEATTLE/WASHINGTON (Reuters) – Boeing Co (BA.N) has provided preliminary recommendations to the U.S. FAA to address concerns over wiring bundles on its grounded 737 MAX jetliner, people familiar with the matter said on Friday. The... Read More