Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
CrowdStrike reports first earnings report since IPO.Technologyread more
Company insider Guillaume Faury was set to be named as Airbus's next chief executive on Monday, giving him a mandate to fill key posts and address industrial problems at the dominant jets division, people familiar with the matter said.
The 50-year-old Frenchman will replace German-born Tom Enders who is due to retire in April 2019, with an announcement from the Airbus board expected later on Monday, they said.
The timing of the formal handover was not immediately clear.
Airbus declined to comment.
The European aerospace firm's board met on Monday to discuss the transition amid a growing leadership vacuum in the wake of a series of management departures and the pre-announced exit of Enders.
The move comes several months earlier than originally planned as the board grapples with the need to avoid appearing indecisive following months of uncertainty over the upcoming changes, the people said, asking not to be named.
On Sept. 28, Reuters exclusively reported Airbus was moving swiftly towards appointing Faury as its next CEO and could announce a decision within weeks.
Faury was appointed head of the core planemaking business last December after Fabrice Bregier agreed to quit following a power battle with Enders, in a shake-up that also saw the German CEO draw back from plans to seek a third term in 2019.
Pressure to end uncertainty over the CEO post grew with the resignation of Airbus sales chief Eric Schulz in August, with the abrupt departure of the former Rolls-Royce executive strengthening calls for an internal successor to Enders. .
As CEO of Boeing's main rival, Faury would continue to tackle industrial problems affecting some jet deliveries.
He would also need to restore morale shattered by a probe into the use of middlemen, now in its third year and which has left management sidelined as board directors pilot the inquiry.
If confirmed, his hiring could eventually herald changes in the board, where French chairman Denis Ranque retires in 2020. Airbus usually divides chairman and CEO jobs between French and German nationals, though the ability of Paris and Berlin governments to steer that balance openly was halted in 2013.