Business News

• U.S. pork prices rise as fatal pig disease cuts global meat supply: Tyson Foods CEO November 12, 2019
  U.S. pork prices rose in recent weeks at a time when they would normally be falling, as a fatal pig disease in China is tightening global meat supplies, the chief executive of Tyson Foods Inc said on Tuesday.
• Trump says China trade deal 'close' but dashes hopes for signing details in NY speech November 12, 2019
  U.S. President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China "soon" but offered no new details on negotiations in a campaign-style speech touting his administration's economic record.
• Fed's Harker says he opposed last rate cut, thinks rates should stay put November 12, 2019
  Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday he did not support the Fed's last rate cut in October and that the central bank should keep policy steady.
• S&P 500, Nasdaq hold at record levels after Trump remarks November 12, 2019
  The S&P 500 and Nasdaq indexes remained at record levels on Tuesday spurred by gains in trade-sensitive technology stocks, after President Donald Trump reiterated that the United States was close to signing a "phase one" trade deal with China.
• Thyssenkrupp's elevator business gets at least 3 bidders: sources November 12, 2019
  By Tom Käckenhoff, Christoph Steitz, Arno Schuetze and Edward Taylor
• Battle for Mediobanca: Italy's richest man takes on seasoned CEO November 12, 2019
  One comes from a wealthy family, attended Milan's best schools and has spent all his career engineering mergers at Mediobanca , Italy's most influential investment bank.
• Boeing orders sink as customers opt to swap MAX November 12, 2019
  Boeing Co took 10 new plane orders last month, but saw some customers swapping the U.S. planemaker's grounded 737 MAX planes in favor of more expensive wide-body planes as doubts lingered about the MAX's return to service.
• FAA expands area to inspect for cracks in Boeing 737 NG planes November 12, 2019
  The U.S. Federal Aviation Administration (FAA) said on Tuesday it was revising its order requiring checks for structural cracks in Boeing 737 NG planes to cover a larger area after the company said additional cracks had been found.
• Disney+ launch marred by glitches as demand overwhelms November 12, 2019
  Walt Disney Co said demand for its much-anticipated streaming service, Disney+, was well above its expectations in a launch on Tuesday marred by complaints from users about glitches and connection problems.
• World's energy watchdog is undermining climate change battle, critics say November 12, 2019
  A short walk from the Eiffel Tower, Fatih Birol oversees the world’s energy watchdog, whose analyses of fuel demand have long been viewed as the gold standard by government officials, energy executives and investors.