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Home2019March

Month: March 2019

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Business News

BMW and Daimler seek 7 billion euros savings from shared platforms: reports

March 14, 2019 admin Comments Off on BMW and Daimler seek 7 billion euros savings from shared platforms: reports

BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday.

…read more […]

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Business News

Flydubai says Boeing 737 MAX remains integral to future strategy

March 14, 2019 admin Comments Off on Flydubai says Boeing 737 MAX remains integral to future strategy

Middle Eastern carrier flydubai said on Thursday the Boeing 737 MAX, grounded after two fatal crashes in five months, remained integral to its future strategy.

…read more […]

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Business News

U.S. data underscores slowing growth, muted inflation

March 14, 2019 admin Comments Off on U.S. data underscores slowing growth, muted inflation

The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February.

…read more […]

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U.S. lawmakers say Boeing 737 MAX 8 grounded for at least ‘weeks’

March 14, 2019 admin Comments Off on U.S. lawmakers say Boeing 737 MAX 8 grounded for at least ‘weeks’

U.S. lawmakers said after a briefing with the acting head of the Federal Aviation Administration on Thursday that Boeing 737 MAX 8 and 9 planes will remain grounded for “weeks” at a minimum, until a software upgrade could be tested and installed in all of the planes.

…read more […]

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U.S. judge assessing CVS merger with Aetna orders hearing

March 14, 2019 admin Comments Off on U.S. judge assessing CVS merger with Aetna orders hearing

A U.S. judge who has been asked to sign off on a government agreement that allowed CVS Health Corp to buy health insurer Aetna ordered a hearing for April 5 on the matter.

…read more […]

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Higher store investments to hit Dollar General profit, shares fall 10 pct

March 14, 2019 admin Comments Off on Higher store investments to hit Dollar General profit, shares fall 10 pct

Dollar General Corp will plow back a part of its 2019 profit to revamp its supply chain and add self-checkout lanes at its stores as it competes with online grocers and U.S. chains Walmart Inc and Kroger Co.

…read more […]

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Ethiopia crash probe starting in France, families grieve

March 14, 2019 admin Comments Off on Ethiopia crash probe starting in France, families grieve

Investigators in France will begin analyzing the crashed Ethiopian Airlines jet’s black boxes on Friday, seeking clues into a disaster that has angered scores of mourning families and grounded Boeing’s global 737 MAX fleet.

…read more […]

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Business News

Junior trader files harassment, discrimination lawsuit against UBS

March 14, 2019 admin Comments Off on Junior trader files harassment, discrimination lawsuit against UBS

A former junior trader who accused UBS of mishandling a complaint of rape and sexual assault by senior colleagues against her has filed a claim in the UK for damages against the Swiss lender, legal documents seen by Reuters show.

…read more […]

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Ethiopian jet’s black box seen damaged but intact in photo

March 14, 2019 admin Comments Off on Ethiopian jet’s black box seen damaged but intact in photo

France’s air accident investigation agency on Thursday released a picture of the doomed Ethiopian Airlines jet’s flight data recorder, which appeared to show the crash-proof housing protecting the critical recording chip intact.

…read more […]

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Toyota investing $749 million in five U.S. plants, adding 586 jobs

March 14, 2019 admin Comments Off on Toyota investing $749 million in five U.S. plants, adding 586 jobs

Toyota Motor Corp said on Thursday it will invest $749 million in five U.S. plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup.

…read more […]

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Exclusive: Retailer Pier 1 taps debt restructuring lawyers – sources

March 14, 2019 admin Comments Off on Exclusive: Retailer Pier 1 taps debt restructuring lawyers – sources

U.S. home furnishing retail chain Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday.

…read more […]

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Microsoft targets video game developers, in challenge to Amazon’s cloud dominance

March 14, 2019 admin Comments Off on Microsoft targets video game developers, in challenge to Amazon’s cloud dominance

Microsoft Corp on Thursday said it is combining elements of its video gaming and Azure cloud computing businesses to court game developers, an action designed to use the strength of its Xbox gaming franchise to gain ground on cloud services leader Amazon.com.

…read more […]

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Business News

Huawei pleads not guilty to U.S. charges in New York court

March 14, 2019 admin Comments Off on Huawei pleads not guilty to U.S. charges in New York court

China’s Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing.

…read more […]

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Business News

European shares rise on ‘no-deal’ Brexit vote, dollar gains

March 14, 2019 admin Comments Off on European shares rise on ‘no-deal’ Brexit vote, dollar gains

A gauge of global equity markets traded little changed on Thursday as fading risks of a disorderly Brexit lifted European shares but bolstered the dollar ahead of another vote, while Wall Street was flat on uncertainty over U.S.-Sino trade talks.

…read more […]

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Trump says U.S. doing well in trade talks with China

March 14, 2019 admin Comments Off on Trump says U.S. doing well in trade talks with China

President Donald Trump said on Thursday the United States was doing very well in trade talks with China, but that he could not say whether a final deal would be reached.

…read more […]

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