Reuters

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The latest economic news and figures from Reuters.com

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Economy

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Democrats seek probe of key FAA decisions on 737 MAX approval

0:50
The chairman of the U.S. House of Representatives transportation committee and another key Democrat asked the Transportation Department's inspector general on Tuesday to examine key decisions made by the Federal Aviation Administration in certifying Boeing's 737 MAX jet for use.

FedEx cuts profit forecast again on economy, Express woes

0:50
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fueling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL Group.

Google to prompt Android users to choose preferred browsers to allay EU concerns

0:16
Alphabet's Google will prompt Android users to choose their preferred browsers and search apps, a senior Google executive said on Tuesday, as the company seeks to allay EU antitrust concerns and ward off fresh sanctions.

Lyft's IPO oversubscribed on road show's second day: sources

0:16
Lyft Inc's initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is seeking, people familiar with the matter said on Tuesday.

Viacom warns customers its channels may stop airing on DirecTV

23:42
Viacom Inc said on Tuesday it had begun warning viewers its channels could stop being shown on AT&T Inc-owned DirecTV if it fails to reach a new contract by midnight March 22.

Trump taps former Delta executive to head aviation regulator

23:09
U.S. President Donald Trump will nominate former Delta Air Lines executive Steve Dickson to head the Federal Aviation Administration (FAA), the White House said on Tuesday, as the aviation agency grapples with fallout from two fatal crashes in Boeing airplanes.

Tencent Music meets profit estimates in first earnings report, shares fall

22:35
China-based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public.

U.S. lawmaker says tech companies must quickly remove violent content after New Zealand

22:35
Following the live-streaming on social media of the mass shooting in New Zealand, the chair of the U.S. House Committee on Homeland Security wrote a letter to top executives of four major technology companies urging them to do a better job of removing violent political content.

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

22:35
Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain a delay on Brexit.

GM to invest $2.7 billion in Sao Paulo, Brazil factories over five years

22:01
General Motors Co said on Tuesday it would invest $2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker's operations, a decision hailed by the governor of Brazil's largest state.

IKEA ramps up Mexico launch plans, targets capital and major cities

22:01
IKEA is scouting Mexico's biggest cities for its first store locations in the country, the furniture retailer said, as it expands in Latin America to battle growing competition in its core U.S. and European markets.

Wall Street gives up gains on news of troubled trade talks

22:01
The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations.

Factbox: What we know about Boeing 737 MAX crash and what comes next

21:27
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all.

Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes

20:53
Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.

Makeup brand Glossier valued at over $1 billion in latest funding round

20:53
Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders' social-media popularity.
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