Press Digest: New York Times business news - Aug 1

Pershing Square Holdings

01/08/2024 06:19

Aug 1(Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.
    
    - Boeing  BA.N  named aerospace industry veteran Kelly
Ortberg as its chief executive officer to turn around the
planemaker beset by legal and regulatory problems after an
incident of a panel blowing away from a 737 Max plane in
January.
    
    - U.S. Federal Reserve left interest rates unchanged in the
July meeting, but the head of the central bank Jerome Powell
made it clear that recent progress in lowering inflation could
enable policymakers to cut interest rates as soon as September.

    - Billionaire investor Bill Ackman scrapped the IPO launch
of Pershing Square USA, days before the fund was slated to begin
trading on the New York Stock Exchange.
    
    - The United Automobile Workers (UAW) union endorsed Vice
President Kamala Harris for U.S. president, providing a likely
boost for Harris in the swing state of Michigan as her recently
launched campaign ramps up.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))