MUMBAI/NEW YORK (Reuters) – Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.
Cadillac has just confirmed that the ATS sedan dies at the end of the 2018 model year. In an e-mail, carmaker spokesman Donny Nordlicht wrote, “Production of the ATS Sedan is ending due to extensive plant upgrades, expansion and re-tooling to prepare for the next generation of Cadillac sedans.” The admission confirms several months of deduction based on a document trail put together by The Truth About Cars. …read more […]
(Reuters) – U.S. stocks rose on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
ZURICH (Reuters) – Swiss drugmaker Novartis has ended a contract with a firm linked to U.S. President Donald Trump’s lawyer, Michael Cohen, saying it was now seen as a mistake.
Several times during CEO Sundar Pichai’s keynote presentation at the company’s I/O developer conference, the audience of 7,000 gasped or burst into applause. That’s because some of Google’s massive investments in artificial intelligence are now paying off—in features that truly are magical. …read more […]
Ford may stop production of its bestselling and highly profitable F-150 pickup truck at two factories after a supplier fire. Fortunately for Ford, General Motors doesn’t yet have new pickups in the US markets, and Fiat Chrysler is just launching its F-150 competitor. Ford should recoup sales later this year, unless the shutdowns are prolonged. …read more […]
(Reuters) – Wall Street opened higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
A senior Israeli Cabinet minister says President Donald Trump’s decision to withdraw from the Iran nuclear agreement will force the Islamic Republic to abandon its pursuit of a bomb for good. The Israeli government has staunchly opposed the 2015 nuclear deal and warmly congratulated Trump on his decision. …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.
(Reuters) – Wall Street was set to open higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
WASHINGTON (Reuters) – U.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.
Ford Motor Co’s imported vehicles are being held up at Chinese ports, three people with knowledge of the matter told Reuters, underscoring how U.S. goods are facing increased customs scrutiny in China amid a tense trade standoff. …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.
LONDON (Reuters) – Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady.
LONDON (Reuters) – Vodafone has agreed to pay $21.8 billion to buy Liberty Global’s assets in Germany and eastern Europe to take the fight to rivals with a broader range of superfast cable TV, broadband and mobile services.
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