Category: Business

Aerospace companies are urging the United States to speed up a review of rule changes for airplane engines, warning delays in implementing planned global emissions standards could trigger industrial delays. The standards would curb the flow of potentially damaging soot particles and do not take effect until the start of 2023. But executives warn an […]

Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in a weekly note, with the U.S. investment bank’s own private clients boosting their equity allocations to a record high. Equity funds pulled in $12.7 billion while bond funds attracted $12.6 billion, BofA found, citing EPFR […]

General Motors Co (GM.N) Chief Financial Officer Paul Jacobson reaffirmed the automaker’s 2021 profit outlook and said the company expects a “more stable year” in 2022 for semiconductor supplies. Jacobson said during a conference call with investors that GM still expects to deliver pre-tax profits for 2021 in the range of $11.5 billion to $13.5 […]

China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy. The producer price index (PPI) rose 9.5% from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster […]

Bank of America Corp (BAC.N) on Friday replaced its finance chief and promoted three women to senior leadership roles in one of its biggest management shake-ups since the financial crisis. Alastair Borthwick, who heads the bank’s global commercial banking unit, will replace longtime CFO Paul Donofrio, Chief Executive Officer Brian Moynihan said in a publicly […]

As carmakers gathered in Munich on Monday to launch almost exclusively zero- or low-emission vehicles, an ongoing semiconductor shortage cast a long shadow over the first major car show since before the pandemic began. Forced to shut down plants last year, carmakers now face increasing competition from the consumer electronics industry for chip deliveries. That […]

Brian Robbins, head of ViacomCBS Inc’s (VIAC.O) children’s network Nickelodeon, will take over as the chairman and chief executive of the media company’s Paramount movie studio, according to a source familiar with the matter. Robbins will succeed Jim Gianopulos, Paramount Pictures’ current CEO. The move, first reported by the Wall Street Journal on Friday, comes […]