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Business News Headlines

Euro surge to two-year high prompts stocks pause

The euro’s surge to an almost two-year high dominated financial markets on Friday, with most major stock exchanges consolidating after a second strong week of gains while those in mainland Europe dipped.

GE revenue falls 12 percent

General Electric Co reported a 12 percent drop in quarterly revenue as weakness in its energy connections business offset strength in renewables and power units.

UK sidelined as Europe looks beyond Brexit in aerospace

Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry insiders say.

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Senate Republicans complain of chaos in healthcare effort

WASHINGTON U.S. Senate Republicans, scolded by President Donald Trump for failing to overturn Obamacare, tried to salvage their seven-year effort for a new healthcare law on Thursday, but leading senators indicated frustration over shifting goal posts.