Oil prices stepped back on Friday after three straight days of gains, hurt by renewed concerns about fuel demand in light of gloomy economic growth forecasts.
Oct.24 — Sanjay Mehrotra, Micron Technology Inc. chief executive officer, discusses the company’s new 3D XPoint memory technology, the tailwinds from the deployment of 5G and Micron’s relationship with Huawei Technologies Co. He speaks with Bloomberg’s Taylor Riggs on “Bloomberg Technology.” …read more […]
Samsung Group heir Jay Y. Lee appeared at a Seoul courtroom on Friday for the start of a bribery trial that could result in a tougher sentence after South Korea’s top court ordered a review of his graft case.
Asian shares inched up on Friday, tracking small gains in world markets as positive earnings offset economic growth concerns, while sterling weakened as the prospect of a UK election added fresh uncertainty to Brexit dramas.
Senator Chuck Schumer, the top Senate Democrat, late on Thursday proposed a $454 billion plan over 10 years to help shift the United States away from gasoline-powered vehicles by offering cash vouchers to help Americans buy cleaner vehicles.
Indonesia has recommended closer scrutiny of automated control systems, better design of flight deck alerts and accounting for a more diverse pilot population in the wake of a Boeing Co 737 MAX crash, the Seattle Times reported http://bit.ly/2WbsSYR.
Indonesia has recommended closer scrutiny of automated control systems, better design of flight deck alerts and accounting for a more diverse pilot population in the wake of a Boeing Co 737 MAX crash, the Seattle Times reported http://bit.ly/2WbsSYR. The newspaper received an advance copy of a final report on the crash of a Lion Air jet that killed all 189 people on board on Oct. 29, 2018. Less than five months after the Lion Air accident, an Ethiopian Airlines 737 MAX crashed, leading to a global grounding of the model and sparking a corporate crisis at Boeing, the …read more […]
The final report by Indonesian investigators into Lion Air crash of a Boeing 737 MAX in Indonesia have faulted the design and certification of Boeing’s new flight control system on the airplane, The Seattle Times reported http://bit.ly/2WbsSYR.
The newspaper received an advance copy of a final report on the crash of a Lion Air jet that killed all 189 people on board on Oct. 29, 2018. Less than five months after the Lion Air accident, an Ethiopian Airlines 737 MAX crashed, leading to a global grounding of the model and sparking a corporate crisis at Boeing, the world’s biggest planemaker. …read more […]
(Bloomberg) — Walmart Stores Inc. and CVS Health Corp. are pulling some bottles of Johnson & Johnson’s Baby Powder off store shelves after government regulators found tiny amounts of asbestos in one lot of the talc-based product.Rhode Island-based CVS, the largest U.S. pharmacy chain by locations, said Thursday it’s removing all 22-ounce-sized Baby Powder bottles from its stores and off its website. J&J issued a limited recall last week.“We took this step as a matter of precaution and to prevent customer confusion,” Mike DeAngelis, a CVS spokesman, said in an interview.Walmart, the world’s largest retailer, is taking some 22-ounce baby …read more […]
SoftBank Group Corp is poised to write down at least $5 billion to account for a sharp drop in the value of some of its biggest holdings including WeWork and Uber Technologies Inc , Bloomberg reported.
United Auto Workers (UAW) suspended a two-week-long strike after reaching a tentative deal with Volvo’s Mack Trucks on Thursday, both parties said.
HSBC Holdings Plc and Standard Chartered Plc are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit center for the two banks, when they report quarterly earnings next week.
Amazon.com Inc’s chief financial officer on Thursday said costs for its one-day shipping program will spike to around $1.5 billion during the holiday season as the online retailer speeds up free delivery to woo shoppers and fend off rivals like Walmart Inc and Target Corp.
Amazon’s fourth-quarter cost for one-day shipping will be nearly double the $800 million the company spent during the second quarter, Chief Financial Officer Brian Olsavsky said on a call with reporters. Carriers like United Parcel Service Inc charge more for faster delivery, but that is only one component of the cost increase at Amazon, which ships around 10 billion packages per year. Logistics experts, who noted that volumes surge during the holiday season, took Amazon’s shipping cost forecast in stride. …read more […]
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