BUSINESS

Scale models of the Franco-German-Spanish Future Combat Air System (FCAS), Europe's next-generation fighter jet, are seen in Paris, France, February 20, 2020.

Airbus Reviews Defence Business As Pressures Mount

Airbus has launched a review of its defence strategy that could open the door to more strategic partnerships as Europe's arms makers juggle security threats and pressure from some investors, people familiar with the matter said.
A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017.

Jaguar Land Rover, Nvidia Ally In Vehicle Software Arms Race

Luxury automaker Jaguar Land Rover and Silicon Valley artificial intelligence company Nvidia said Wednesday they will collaborate to develop the computer brains and nervous systems for Jaguars and Land Rovers launching in 2025 and beyond.
More news
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Wall Street Pulls Back On Fed, Ukraine Jitters

U.S. stocks fell on Wednesday, with the tech-heavy Nasdaq leading losses after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russia and Ukraine added to caution.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022.

Futures Largely Flat Ahead Of Retail Sales Data, Fed Minutes

U.S. stock index futures eased on Wednesday with retail sales data and minutes of the Federal Reserve's last meeting on investors' radar, while Western skepticism over Russian claims of a pullback of some troops near Ukraine kept caution in the air.
The Federal Reserve building is seen in Washington, U.S., January 26, 2022.

Fed Not Wedded To Particular Pace Of Rate Hikes, Minutes Show

Federal Reserve officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that any decisions would depend on a meeting-by-meeting analysis of data, according to the minutes of the Jan.
Ex-Goldman Sachs banker Roger Ng exits after the first day of his criminal trial, at the United States Courthouse in Brooklyn, New York, U.S., February 14, 2022.

Ex-Goldman Banker Testifies That 1MDB Deal Made Him A 'Hero'

A former Goldman Sachs partner testified on Wednesday that he and a colleague became "heroes" at the bank for bringing in billions in business from Malaysia's 1MDB sovereign wealth fund, deals he said were cemented through bribes and kickbacks.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.