An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year.
Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.
Shares of FedEx Corp fell nearly 10% on Wednesday after the world’s largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade.
IBM said it has partnered with the research wing of Daimler AG’s Mercedes-Benz, battery electrolyte supplier Central Glass, and battery manufacturer Sidus for the commercial development of the new design. “The goal would be, within a year or so, to have the first working prototype (of the battery),” said Jeff Welser, vice president at IBM Research. The move comes as top battery makers are scrambling to reduce cobalt content in lithium-ion batteries, and as the expansion of the electric vehicle market is expected to result in shortages of the mineral mainly found in the Democratic Republic of Congo. …read more […]
Why Luckin Coffee is not the same as the high-end Starbucks Continue reading… …read more […]
The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year.
An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year. Shares in SNC were halted on the Toronto Stock Exchange early on Wednesday. On Sunday, a Quebec jury found a former top SNC-Lavalin executive guilty of fraud and corruption charges related to the Libya case. …read more […]
As of late, these companies have managed to reach yearly highs Continue reading… …read more […]
General Mills, Amazon, Spirit Airlines, Tesla and Snap are among the companies the Yahoo Finance team is watching today. …read more […]
After a boom in 2018 and a bust in 2019, what will 2020 bring for cannabis stocks? …read more […]
Boeing Co’s decision to suspend aerospace’s biggest production line exposes contrasts in the U.S.-dominated 737 MAX supply chain, severely straining some niche machine shops while giving engine giants time to iron out their own wrinkles.
U.S. stocks opened largely flat on Wednesday as markets took a breather from a record-setting spree, while FedEx plunged after it cut its annual profit forecast for the second time this year.
Fiat Chrysler Automobiles (FCA) and Peugeot owner PSA have sealed a deal to join forces in a 50-50 share merger worth about $50 billion.
U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook’s Libra digital currency project on Wednesday, saying it faces a “core set of legal and regulatory challenges” including clarity about how it would be tied to some basket of underlying assets.
Business spending on lobbying and elections partly responsible for today’s political dysfunction, according to a new report. …read more […]
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