Month: November 2019

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Trading Ideas

DoorDash Picks Up Another $100 Million at Nearly $13 Billion Valuation

November 13, 2019 admin Comments Off on DoorDash Picks Up Another $100 Million at Nearly $13 Billion Valuation

(Bloomberg) — DoorDash Inc.’s $2 billion war chest is getting even bigger. The food delivery startup, backed by the likes of SoftBank Group Corp. and Sequoia Capital, is receiving a new cash infusion of $100 million, according to a person familiar with the matter. The investment comes on top of a $600 million funding round the company announced in May led by Darsana Capital Partners. The additional $100 million comes from accounts advised by T. Rowe Price Group Inc., a first-time DoorDash investor, and is part of the same funding round, said the person, who asked not to be identified …read more […]

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Trading Ideas

Brandenberg premier: Any support for Tesla will be in accordance with EU rules

November 13, 2019 admin Comments Off on Brandenberg premier: Any support for Tesla will be in accordance with EU rules

The premier of the Brandenburg state that surrounds Berlin said on Wednesday any support for U.S. electric vehicle pioneer Tesla – which has said it will build its first European factory near Berlin – would be in accordance with EU rules. “We’re operating within the framework of the European Union’s state aid rules,” Dietmar Woidke told regional broadcaster rbb. “That applies to all European countries – that’s our framework. …read more […]

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Business News

Exclusive: U.S. manufacturing group hacked by China as trade talks intensified – sources

November 13, 2019 admin Comments Off on Exclusive: U.S. manufacturing group hacked by China as trade talks intensified – sources

As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald Trump’s trade policies, according to two people familiar with the matter.

…read more […]

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UPDATE 1-Airbus frontrunner to win big Air Arabia order – sources

November 13, 2019 admin Comments Off on UPDATE 1-Airbus frontrunner to win big Air Arabia order – sources

DUBAI/PARIS, Nov 13 (Reuters) – Airbus is likely to win an order for at least 100 jets from Air Arabia with an announcement possibly coming as soon as the Dubai Airshow next week, two sources told Reuters. Air Arabia, which has held talks with both Airbus and Boeing and said it would make a decision by January, was expected to select the European planemaker, the two sources said. Airbus declined comment. …read more […]

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ABN Amro Shares Slip as Probe Raises Doubts Over Cost Targets

November 13, 2019 admin Comments Off on ABN Amro Shares Slip as Probe Raises Doubts Over Cost Targets

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.ABN Amro Bank NV fell in Amsterdam trading as profit slipped and a criminal probe prompted the bank to warn of uncertainty.Operating profit missed estimates while an ongoing money laundering investigation raised concerns that the company’s cost-cutting targets could be at risk. The stock fell as much as 6.7%, the most since the probe was announced in September.The Dutch lender is grappling with a criminal investigation by the country’s public prosecutors office over alleged failures to check on clients and report suspicious …read more […]