Devin Spencer has been on edge ever since Deere & Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines.
U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it. “I am confident it was conducted freely and fairly, without any type of outside influence,” Esper told a news conference in Seoul. Amazon says that politics got in the way of a fair contracting process. …read more […]
Alibaba Group’s $13.4 billion Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July.
Qantas Airways Ltd may not place an order for planes capable of non-stop London-Sydney flights until early next year, the airline’s chief executive said on Friday after a 19 hour, 19 minute test flight landed in Australia’s biggest city. Alan Joyce said he saw a “double sunrise” as a passenger aboard the second of three research flights being conducted to help the Australian airline decide on whether to order planes for what would be the world’s longest commercial route. …read more […]
Amazon.com Inc on Thursday said it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process.
U.S. Defense Secretary Mark Esper said on Friday the Pentagon awarded Microsoft Corp an up to $10 billion cloud computing contract after a fair competition, after Amazon.com Inc announced plans to challenge it over alleged bias.
Bharti Airtel Ltd on Thursday posted a consolidated net loss of 230.45 billion rupees ($3.23 billion) in the second quarter of its financial year as it made provisions for dues owed to the government. Bharti said it made a provision of 284.50 billion rupees, more than 92% of the overall charge for exceptional items, after the Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees ($12.97 billion) in overdue levies and interest. “We continue to engage with the government and are evaluating various options available to us,” Gopal …read more […]
(Bloomberg) — Saipem SpA is considering a combination with rival Subsea 7 SA to create a larger European oil services provider, people with knowledge of the matter said.The Italian company is pursuing a potential deal with Norway’s Subsea 7 as it seeks to bulk up and weather an industry downturn, according to the people, who asked not to be identified because the information is private. Shares of Subsea 7 have risen 15% in Oslo trading this year, giving the company a market value of about $3.2 billion.Saipem, whose biggest shareholder is Italian energy giant Eni SpA, is valued at about …read more […]
Oil prices rose on Friday as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.
Infineon Technologies AG (ETR:IFX) came out with its annual results last week, and we wanted to see how the business… …read more […]
Anti-government protesters paralyzed parts of Hong Kong for a fifth day on Friday, forcing schools to close and blocking some major highways, as university students barricaded campuses and authorities struggled to calm the violence.
(Bloomberg) — Emergency, all hands on deck!That was the thrust of a remarkable letter Italian Prime Minister Giuseppe Conte sent to his ministers earlier this week, calling on them to put aside squabbles and come up with “proposals, projects, solutions or specific measures” to rescue a bankrupt steel mill in the southern city of Taranto.Conte’s unusual — some might say desperate — step highlights the pressure on his fragile coalition. The premier is scrambling for a solution to an industrial crisis that’s dominated front pages for weeks while providing fodder for the opposition.Worse still, it was Conte’s own allies who …read more […]
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios… …read more […]
Qantas Airways Ltd completed a 19 hour 19 minute non-stop test flight from London to Sydney on Friday as it nears a decision on whether to order planes for what would be the world’s longest-ever commercial route. “We saw a double sunrise,” Qantas Chief Executive Alan Joyce said after stepping off the flight, which followed a similar one from New York to Sydney last month. The event included speeches from Australian Prime Minister Scott Morrison and Qantas Chairman Richard Goyder. …read more […]
The head of the Southwest Airlines Co pilot union Wednesday sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX’s return to service.
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