Scandal-tainted Credit Suisse appoints new CEO as losses widen

Switzerland’s scandal-hit banking giant Credit Suisse said Wednesday it was appointing a new chief executive as higher litigation costs, financial market volatility and rising interest rates worldwide pushed it deeper into the red in the second quarter.

Boeing profit falls as 787 deliveries still halted

Boeing reported a drop in second-quarter profits on Wednesday due to the continued travails of the 787, but the company said it was close to receiving regulatory approval to resume deliveries of the plane.