Bloomberg United Technologies Corp’s Pratt & Whitney unit is chronically late delivering engines for the Pentagon’s costliest programme, the F-35, raising questions about whether the company is ready for a surge to full-rate production scheduled for next year. Pratt remains under a previously unreported “Corrective Action Request” from the Defense Contract Management Agency that cites “poor delivery performance” on its ...

Bloomberg The Trump administration said trade talks with China are starting up again as Beijing reiterated that it’s essential the US removes all existing tariffs for a deal to be reached. US President Donald Trump and Chinese President Xi Jinping agreed last month to re-start trade talks and suspend new tariffs, but they gave no time-frame for further negotiations or ...

Bloomberg Oil posted its first weekly loss since mid-June, as a forecast-topping US employment report wasn’t enough to offset the economic worries dogging the market. Futures in New York closed down 1.6 percent for the week, despite eking out an increase after the government said payrolls climbed by 224,000 in June. The ultimate fallout from the report was unclear as ...