Airbus turmoil overshadows bid to rescue CSeries – Reuters

PARIS (Reuters) – Airbus’s (AIR.PA) coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal. The European planemaker secured the deal for Bombardier’s (BBDb.TO) CSeries program […]

Tesla Reaches Deal for Shanghai Facility, WSJ Reports – Bloomberg

Tesla Inc. has reached an agreement with the Shanghai government to set up its own manufacturing facility in the city, the Wall Street Journal reported Sunday, citing people briefed on the plan. The Palo Alto, California-based carmaker is working with the local government on the timing and details of an announcement, the people told the […]

Questions and answers on proposed ban on laptops in luggage – Washington Post

WASHINGTON — First the U.S. government temporarily banned laptops in the cabins of some airplanes. Now it is looking to ban them from checked luggage on international flights, citing the risk of potentially catastrophic fires. The Federal Aviation Administration recently recommended that the U.N. agency that sets global aviation standards prohibit passengers from putting laptops […]

Republicans are considering a proposal that would radically change the way you save for retirement – Business Insider

Republicans are considering a proposal that would radically change the way you save for retirement – Business Insider

Andy Clark/Reuters Republicans are reportedly considering a cap on the amount people can put into a traditional, tax-deferred retirement account. One proposal would cap the amount at $2,400 annually and force people to use a Roth account for anything over that. The plan would help pay for the GOP’s massive tax overhaul but could depress […]

General Electric profit falls, missing expectations, will cut $20 billion in businesses – USA TODAY

General Electric profit falls, missing expectations, will cut $20 billion in businesses – USA TODAY

GE earnings dip, missing Wall Street’s expectations.(Photo: Gene J. Puskar, AP) General Electric’s earnings tumbled in the third quarter, missing Wall Street’s expectations as the company said that it will pare $20 billion in businesses within the next two years to make its operations more efficient.     x Embed x Share CLOSE Hurricane Maria left a path of destruction in […]

‘Wizard of Lies’ author on Black Monday’s lessons and how regulators are more fragmented than ever – CNBC

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AmEx CEO Chenault to Exit, Succeeded by Vice Chairman Squeri – Bloomberg

AmEx CEO Chenault to Exit, Succeeded by Vice Chairman Squeri – Bloomberg

American Express Co. Chief Executive Officer Kenneth Chenault is stepping down after 16 years running the credit-card lender and will be replaced by Steve Squeri. Chenault, 66, will stay on until Feb. 1, the New York-based firm said Wednesday in a statement. Squeri, 58, is vice chairman and has been at AmEx for three decades. […]