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CAIRO (Bloomberg): The giant container ship blocking the Suez Canal has been at least partially refloated, the first step toward getting one of the world’s most important trade arteries moving again.
ISMAILIA, Egypt (Bloomberg): Ships are beginning costly and time-consuming detours around Africa with the Suez Canal still blocked by a massive container vessel, as concerns mount that a complex rescue mission could extend into weeks.
The battery revolution is moving from the highway to the construction site.
NEW YORK: The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar.
TUESDAY was a jam-packed day for earnings across all sectors. In the industrial landscape, I paid closest attention to 3M Co, Caterpillar Inc and United Parcel Service Inc (UPS), each a bellwether in its own right.
WASHINGTON: The inventory cloud that’s been looming over U.S. manufacturing is starting to dissipate.
NEW YORK: Beleaguered Boeing Co is putting its future in an industrial veteran who has led several companies in crisis, began his career at engine maker General Electric Co and has already spent a decade on the board of the world's largest planemaker.
Corporate profits haven’t waned as much as analysts had predicted
SINGAPORE: Malaysian palm oil futures rose for a third consecutive session on Thursday on expectations for higher biofuel demand, though a stronger ringgit and cheaper rival oils capped gains