Prosecutors are weighing whether to bring charges against Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the JD.com founder, according to a statement released on Thursday by the Hennepin County Attorney’s Office.
State-owned Emirates and Etihad, two of the Middle East’s top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over Etihad to create the world’s largest carrier.
Larry Fink, chief executive of BlackRock , the world’s largest asset manager, on Thursday said the United States is “a big winner” in the trade war with China “in the short-term,” but not necessarily over time.
Morgan Stanley has sued six brokers who left an Illinois branch of the firm last week to join competitor Stifel Nicolaus , alleging that they have been soliciting Morgan Stanley clients in violation of employment agreements.
Carmaker Volkswagen AG rejected on Thursday a report suggesting it had decided against doing business in Iran after coming under pressure from Donald Trump’s ambassador to Germany, saying its position on the country had not changed.
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday.
The Dow Industrial Average on Thursday became the last of the benchmark indexes to regain record territory, boosted by gains in industrial companies on continued relief that fresh U.S. and China tariffs were less damaging than feared.
U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.
Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation next month and said it is prepared for any outcome from the Brexit talks.
Tesla Inc’s Model 3 sedan has been awarded a five-star rating by the U.S. auto safety agency NHTSA in tests that are standard for cars in the United States.
The results are in, and Tesla Inc.’s Model 3 sedan has been awarded five stars in all crash tests conducted by the U.S. National Highway Transportation Safety Administration. The ratings are a relief after months of Tesla crashes making headlines — particularly with incidents involving the company’s driver-assistance system Autopilot. Tesla has made controversial assertions about data related to the safety of Autopilot, and both the company and NHTSA have resisted releasing data to back up claims made in the wake of a fatal crash involving a Model X crossover in March. …read more […]
U.S. stocks rose at the open with the S&P 500 hitting a record high on Thursday, helped by a bounce back in technology stocks and relief that fresh U.S. and China tariffs were less damaging than feared.
General Electric Co shares fell sharply on Thursday after the chief of its power division revealed a problem with its newest line of natural gas-fired power turbines, prompting J.P. Morgan to cut its price target for GE’s underperforming stock.
General Electric Co said on Thursday that it had discovered a problem with a turbine blade at an electrical power plant in Texas owned by Exelon Corp .
The company has discovered an “oxidation issue” that affects the lifespan of blades in its HA-Class turbines, a major product for GE’s power division, GE Power Chief Executive Russell Stokes said in a letter posted on LinkedIn. “Obviously, this was a frustrating development, for us, as well as for our customers,” Stokes said in the blog, first posted on Wednesday, adding that the company had implemented a fix that had the turbines working within targeted parameters. J.P. Morgan analyst Stephen Tusa said in a research note on Thursday that the problem appeared to have resulted in a broken …read more […]
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