Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Both companies report earnings on Aug. 8, so the CBS and Viacom boards have set that as a natural deadline to agree to a merger. Price won't be discussed by the companies...Technologyread more
The Food and Drug Administration "stands ready" to start reviewing e-cigarettes amid a teen vaping "epidemic," acting Commissioner Ned Sharpless said Monday in a statement.Health and Scienceread more
The Guggenheim CIO says he had been approached by the White House about possibly joining the Federal Reserve.The Fedread more
Joe Lonsdale says his fellow Palantir co-founder Peter Thiel was "courageous" for speaking out against Alphabet's Google.Technologyread more
Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets.Market Insiderread more
United Technologies CEO Greg Hayes said Monday the United Kingdom remains a great place to do business despite Britain's vote to leave the European Union.
The outcome of last month's referendum has cast uncertainty across the continent, as Britain must renegotiate trade terms once it formally invokes its right to leave the political and economic union.
"There was obviously some initial hysteria, concern about Brexit, but as you step back and think about it, the U.K. remains one of the most investible places that we can manufacture," Hayes said on the sidelines of the Farnborough International Airshow in England.
United Technologies, whose products include jet engines and elevators, manufactures actuation systems for the aerospace industry in west-central England. The company does over $1 billion worth of manufacturing in the country, Hayes said.
In an interview on CNBC's "Squawk Box," Hayes ticked off a number of factors that make Britain an ideal place to do business: a highly educated workforce, flexible labor rules not available elsewhere in the EU and a competitive tax policy.
"Once they get down the path or they start to understand what it means, it's hard to imagine a scenario where you're going to not see a robust market here in the U.K.," he said.
Analysts, however, are worried that such economic risks as the exit from the EU and slowing growth in China could result in fewer orders for planes, particularly for larger twin-aisle jets.
Top planemakers shrugged off worries about a faltering global economy on the opening day of the Farnborough Airshow on Monday, with Airbus announcing a $4.4 billion order and Boeing raising its 20-year forecast for jet demand.
Manufacturers have enjoyed years of strong demand, with the industry's order backlog standing at a record 13,500 planes at the end of 2015, or 9.6 years of production at current rates.
Hayes said he does not expect customers to place the "big, gigantic" orders seen in recent years. The focus for the next two to three years will be execution in winding down backlogs, he said.