Wall Street dips as third-quarter earnings season kicks off

- U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings. | Video

Recent Business News

American Apparel seeks fashion revival under bankruptcy plan

CHICAGO - American Apparel Inc plans to revamp its struggling fashion business under a restructuring plan that would give ownership to the Standard General hedge fund, which rescued RadioShack earlier this year, lawyers said at a hearing on Tuesday.

GE probing similar engine parts in wake of BA plane fire

- General Electric Co said on Tuesday it was inspecting out-of-service versions of the engine component involved in a fire with a British Airways plane last month to further determine the cause of the engine failure.

5:47pm EDT

UAW threatens strike at Fiat Chrysler U.S. operations

DETROIT - United Auto Workers members are planning to strike at Fiat Chrysler Automobiles NV U.S. plants as soon as Wednesday evening, the first work stoppage since 2007, threatening to bring manufacturing to a halt.

6:14pm EDT

Exclusive: Bombardier offered majority stake in CSeries jet to Airbus - sources

MONTREAL/WASHINGTON/PARIS - Bombardier has approached European planemaker Airbus about selling a majority stake in the Canadian company's CSeries jet, people familiar with the matter said,in a radical bid to prevent its aerospace ambitions being crushed by cash shortages.

Norwegian Air CEO says $69 flights from U.S. to Europe around the corner

NEW YORK - Norwegian Air Shuttle ASA hopes to sell one-way tickets to Europe for $69 as early as 2017 by flying from U.S. airports that have low fees, Chief Executive Officer Bjørn Kjos said in an interview Tuesday.


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