Year: 2019

Elon Musk’s SpaceX will lay off about 10 percent of its more than 6,000 employees, the Los Angeles Times reported on Friday, citing an unnamed source.

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Walt Disney Co Chief Executive Officer Robert Iger earned stock grants worth as much as $149.6 million in 2018, including awards related to Disney’s purchase of film and television assets from Twenty-First Century Fox , according to a regulatory filing http://bit.ly/2D5dNjy on Friday.

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Nissan Motor Co Ltd’s head of China operations Jose Munoz has resigned following reports that the Japanese automaker has broadened its investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct.

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One of Huawei Canada’s top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies.

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Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates.

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Microsoft Corp has been awarded a five-year contract worth $1.76 billion for delivering enterprise services for the Defense Department, Coast Guard and intelligence services, the Pentagon said on Friday.

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GE Medical Systems Information Technologies Inc, a unit of General Electric Co, has been awarded a $450 million U.S. defense contract for patient monitoring systems, accessories and training, the Pentagon said on Friday.

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Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.

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Nissan Motor Co Ltd’s Chief Performance Officer Jose Munoz has resigned, a company’s spokesman said on Friday in an emailed statement to Reuters.

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Wall Street ended little changed on Friday as energy shares dropped and investors looked ahead to earnings season, which will kick off next week with Citigroup, JPMorgan and other big banks.

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Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs.

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Corporations across a variety of industries – auto, energy, electronics, aerospace, telecom – have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles.

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The new chief executive of Brazil’s Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company’s board members, three people with knowledge of the matter said on Friday.

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