Business News

-American Airlines Group Inc said on Wednesday it has agreed to buy an additional 23 737 MAX 8 aircraft from Boeing Co by exercising existing purchase options and deferring the …

By Lucia Mutikani WASHINGTON – U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operations, raising the risk of a …

By Giulio Piovaccari MILAN -Ferrari has orders stretching into 2023 after delivering a record number of cars last year, Chief Executive Benedetto Vigna said on Wednesday, reflecting a surge in …

By Manojna Maddipatla – McKesson Corp is expected to report strong earnings on Wednesday as an Omicron-driven surge in demand for COVID-19 vaccines and tests is likely to insulate the …

(This Jan 31. story corrects sixth paragraph to show that mediator Shelley Chapman is a sitting, not former, U.S. bankruptcy judge) By Tom Hals and Mike Spector – Members of …

By Dawit Endeshaw ADDIS ABABA -Ethiopian Airlines flew passengers on a Boeing 737 MAX plane on Tuesday, but opinions are divided on its first flight using the model since a …

By David Shepardson WASHINGTON -The Federal Aviation Administration (FAA) said Wednesday it is proposing training revisions to help pilots avoid overly reliance on autopilot and to ensure they focus on …

By Eva Mathews – The New York Times Co has met its target of 10 million subscriptions three years ahead of schedule thanks to its purchase of The Athletic, a …

By Ananya Mariam Rajesh and Uday Sampath Kumar -Michael Kors owner Capri Holdings on Wednesday reported a 24% jump in holiday-quarter sales and raised its full-year outlook, saying it would …

FRANKFURT -Euro zone inflation rose to a new record high last month, defying expectations for a big drop and piling pressure on the European Central Bank to finally admit that …

-JD.com founder and CEO Richard Liu will donate company shares worth about $2.34 billion to charity, the Chinese e-commerce giant said on Wednesday, adding to a list of similar philanthropic …

By Anne Kauranen HELSINKI -Reduced liquidity in the Chinese property sector and rising supply chain costs are expected to weigh on 2022 profits, elevator maker Kone said on Wednesday, as …

WASHINGTON – The Federal Aviation Administration (FAA) said Wednesday it was issuing draft guidance and recommended practices for flightpath management for pilots. The FAA said the issue is important in …

ZURICH – Former Credit Suisse chairman Antonio Horta-Osorio has been ordered to pay a fine of 2,000 Swiss francs ($2,178) after breaking COVID-19 quarantine rules, prosecutors said on Wednesday, following …

LONDON – Analysts are upgrading their expectations for Europe’s fourth-quarter earnings season, which has seen a steep increase in companies announcing consensus-beating results, according to the latest data from Refinitiv …

-AbbVie Inc forecast full-year adjusted profit above Wall Street estimates on Wednesday, as strong sales of its blockbuster anti-wrinkle injection Botox and newer psoriasis drug Skyrizi helped the company beat …

– Scarce supply of raw materials for electric cars could slow the transition from fossil-fuel burning vehicles to electric ones, Mercedes-Benz Chief Executive Ola Kaellenius said in an interview with …

By Chris Prentice and Sarah N. Lynch WASHINGTON – The U.S. Securities and Exchange Commission (SEC) suspended its inspector general Carl Hoecker for seven days without pay in 2020, despite …

By Valentine Hilaire MEXICO CITY – Aeromexico looks set to emerge from bankruptcy within days, but analysts believe the Mexican airline faces stiff challenges taking on low-cost competitors like Volaris, …

(Editor’s note: This story contains language in the 4th and 8th paragraphs that some readers may find offensive.) By Michelle Price WASHINGTON – A year ago, office worker Keith Gill …

By Hilary Russ and Praveen Paramasivam -Starbucks Corp will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as rising COVID-19 cases …

-Ford Motor Co is planning additional investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday. The investment of $10 billion to $20 billion …

By Sam Nussey TOKYO – Japan’s Sony Group Corp raised its full-year profit forecast by 15% on Wednesday after posting estimate-smashing quarterly earnings, propelled by the success of “Spider-Man: No …

– Shares of PayPal Holdings Inc slumped nearly 17% on Wednesday as investors questioned the company’s growth prospects after it disclosed a big hit to revenue from the impending loss …

By Jonathan Saul LONDON – Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail …