Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains travelling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
As Amazon makes one-day shipping the norm for its 100 million Prime members, Flex drivers help get those packages the last mile to each address. CNBC spoke to these on-demand...Technologyread more
local jobs@ (Updates with share price)
SAO PAULO/BRASILIA, Jan 10 (Reuters) - The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer SA and Boeing Co to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation.
The approval maintains the terms of the deal as previously proposed, with Embraer selling 80 percent of its commercial plane division, its most profitable, for $4.2 billion to Boeing, which will have total control of the new venture.
But one thing was new: the government said in a press release that the two planemakers would "maintain the current jobs in Brazil," a move that might appease union workers and politicians who had raised concerns that, if the deal went through, Boeing would then try to slash jobs. The companies had previously been noncommittal on the issue.
The tie-up between Embraer and Boeing is seen as part of a reshaping of the global aviation market for mid-sized planes. It follows a similar deal by Boeing's rival Airbus which bought Bombardier Inc's commercial plane division that competed with Embraer.
The deal still must now be voted on by Embraer's private shareholders within the next 30 days, but winning the backing of Brazil's government was its biggest hurdle.
If approved by shareholders, the companies will then have to seek regulatory approval in several countries.
The deal also faces legal challenges in Brazil. Workers and left-wing politicians obtained court orders blocking the deal in December, but the injunctions were quickly reversed. The tie-up could face future injunctions as the cases remain pending.
Minority shareholders have also filed legal complaints that have yet to be resolved.
Embraer and Boeing said in a statement they expect the deal to obtain final approvals before the end of 2019.
Boeing shares closed up 2.6 percent on Thursday and were flat in after-hours trade following the deal approval. Embraer shares on the New York Stock Exchange were up 0.4 percent after the close.
Shortly after assuming the presidency on Jan. 1, Bolsonaro, a former army captain, had expressed concern that Boeing might end up owning all of Embraer if the deal was approved under the terms proposed.
But on Thursday, a statement from his office said his government had analyzed the proposal and found that it "preserves (Brazil's) sovereignty and the national interests."
(Reporting by Marcelo Rochabrun in Sao Paulo and Maria Carolina Marcello in Brasilia Editing by Brad Brooks and Lisa Shumaker)