The Trump administration is close to announcing that 89 Chinese aerospace and other companies have military ties, banning them from purchasing a range of U.S. goods and technology, according to a copy of the list seen by Reuters. The release of the list could increase trade tensions with Beijing and …
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The House Oversight subcommittee has opened an investigation into all federal agreements reached by White House trade adviser Peter Navarro after the Trump administration abruptly canceled a with 6 million ventilator deal with the Royal Philips, Rep. King Krishnamurti, D-Il. On monday. Krishnamurthy, chairman of the Economic and Consumer Policy …
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Chuck Robbins, Chief Executive Officer of Cisco Technologies Inc., paused during a panel session on day two of the World Economic Forum in Davos, Switzerland, on January 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares fell about 6% in extended trading on Wednesday after the maker of …
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Shares in General Electric Co. sank into volatile operations on Wednesday after the diversified industrial conglomerate said it suffered “general” weakness in the second quarter and indicated that its aviation business could take years to recover from the effects of the pandemic. COVID-19. The GE stock, -4.35% It took a …
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Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
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