Business News

U.S. FAA chief Steve Dickson will tell a Senate committee at a hearing on Wednesday that transparency is key to restoring public trust in the agency and planemaker Boeing Co in the wake of fatal 737 MAX crashes, according to a copy of his written testimony seen by Reuters.

Wall Street advanced on Tuesday as the prospect of additional stimulus and a record jump in retail sales suggested the U.S. economy could bounce back sooner than expected, five months into its pandemic-inflicted recession.

Tesla Inc has signed a three-year pricing deal with Japan's Panasonic Corp relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric carmaker disclosed in a filing on Tuesday.

Tesla Inc has signed a three-year pricing deal with Japan's Panasonic Corp relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric carmaker disclosed in a filing on Tuesday.

Texas as early as this fall could tighten some rules for the controversial practice of natural gas flaring, the head of the state's regulatory commission said on Tuesday.

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Oracle Corp posted quarterly revenue below Wall Street estimates on Tuesday as the coronavirus crisis led clients in the hospitality, retail and transportation sectors to postpone purchases, sending its shares about 3% lower after the bell.

U.S. prosecutors on Tuesday said a former Green Beret and his son, wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country, were advancing a "flawed" interpretation of Japanese law to fight their extradition.

Infigen Energy on Wednesday recommended a A$827.5 million ($569.1 million) buyout bid from Spain's Iberdrola to its shareholders, and urged them to reject an earlier offer from Philippine conglomerate Ayala Corp.

Bayer AG said on Tuesday it will scrap a nearly $1 billion project to produce the chemical dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of weed killers based on the product.

Southwest Airlines Co said on Tuesday it will continue to limit bookings on its flights until at least September to maintain space between passengers.

Southwest Airlines Co said on Tuesday it will continue to limit bookings on its flights until at least September to maintain space between passengers.

A former Morgan Stanley diversity officer sued the bank on Tuesday, alleging racial discrimination, retaliation and violation of equal pay laws, according to a court filing.

Southwest Airlines Co said on Tuesday it will continue to limit bookings on its flights until at least September to keep space between seats.

* Iraq is stepping up compliance with the Organization of the Petroleum Exporting Countries and allies (OPEC+) deal, with July Basrah crude exports to fall below 2.5 million barrels per day (mbpd), possibly even as low as 2.2 mbpd, consultancy Energy Aspects said in a note.

Switzerland-based seed and crop protection company Syngenta has chosen Brazil as the initial market for a new digital agriculture services platform intended to make local grain growers more competitive, a Syngenta executive told Reuters.

After 15 years working as a hair stylist in other people's salons, Gary Connell opened his "Healthy Hair" studio in Montgomery County, Maryland in early March, sinking his savings into a two-chair shop in a busy mall.

The U.S. Department of Commerce on Tuesday posted a new rule that allows U.S. companies to work with China's Huawei to develop standards for 5G and other cutting-edge technologies, despite restrictions on doing business with the telecommunications equipment maker.

A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chair Jerome Powell said on Tuesday, as he began the first of two days of hearings before U.S. lawmakers.

A former Morgan Stanley diversity officer sued the bank on Tuesday, alleging racial discrimination, retaliation against her and violation of equal pay laws, according to a court filing.