A U.S. watchdog on Monday backed a protest from Jeff Bezos’ space company that challenged the Pentagon’s military space launch procurement strategy, showing support for one of the Amazon billionaire’s disputes with major agency procurement programs.
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.
“We received an inquiry from the office of the New York State Attorney General and are cooperating in the matter,” a WeWork spokesperson said. …read more […]
Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing “even more difficult and expensive to practice.”
The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country’s corporate regulator said on Tuesday.
(Bloomberg) — The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc. set to beef up capacity at the Hornsdale site in South Australia.The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than A$50 million ($34 million) in its first year of operation.Since its 2017 installation, the battery has helped to stabilize the grid, avoid outages and lower costs by offsetting the intermittency of renewable power generation. That’s helped blaze a trail for …read more […]
While China is no stranger to food using vegetarian ingredients to give a meat-like flavor, the buzz around Beyond Meat and Impossible Foods in the U.S. is driving a series of Chinese companies to roll out similar pea or soy-based meat products.
Top Senate Democrat Chuck Schumer and Republican Senator Tom Cotton on Monday urged the U.S. government to swiftly issue rules to make it harder to export sophisticated technologies to China that Beijing can use to boost its military.
The life insurance arm of Australia’s largest lender, Commonwealth Bank of Australia , pleaded guilty to 87 counts of hawking offences, the corporate regulator said on Tuesday.
The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a series of problems facing the workspace provider.
Asian shares started Tuesday softer as another day awaiting clearer news on the progress of U.S.-China trade negotiations weighed on jaded investors’ sentiment.
Four Democratic leaders on the U.S. House of Representatives Energy and Commerce committee on Monday wrote Alphabet Inc’s Google and Ascension Health demanding briefings by Dec. 6 on how patient data the hospital chain is storing on the cloud is used.
Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. The investment management firm did not have a good third quarter, experiencing a 1.81% decline in returns, while the S&P 500 rose 1.70%. OneMain Holdings Inc (NYSE:OMF) and Genworth Financial Inc. (NYSE:GNW) were among the top contributors for the investment management firm. Miller […] …read more […]
Boeing Co this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co , an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday.
Boeing Co this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co, an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday. The meeting on Wednesday and Thursday comes after Southwest Chief Executive Gary Kelly said last month that the airline could look next year at diversifying its fleet beyond Boeing 737 aircraft. Budget-friendly Southwest has structured its business model around flying only 737 aircraft for the past 50 years and bet its entire growth strategy on the 737 MAX, the latest …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
