U.S. President Donald Trump announced on Thursday adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.
Wells Fargo & Co’s U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank’s multi-year sales practices scandal.
The market is pricing up smartphone sellers, but the real long-term 5G growth is in the Internet of Things Continue reading… …read more […]
Boeing Co said its 777X airplane’s first test flight would take place on Friday, after bad weather delayed the flight scheduled for Thursday.
Boeing has previously said the 777X, its largest-ever twin-engined model, designed to hold on average 406 people, was on track to be delivered in 2021. Boeing said on Thursday weather or other factors could still delay the test flight. The crisis surrounding the smaller jet following two fatal crashes has led new Chief Executive Officer Dave Calhoun to send the aerospace giant back to the drawing board on proposals for a new mid-market aircraft. …read more […]
Many other members of Big Pharma spent more on dividends and stock buybacks, a strategy some view as shortsighted Continue reading… …read more […]
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million, the company said in a filing on Thursday.
Q4 2019 FuelCell Energy Inc Earnings Call …read more […]
Italian tax police searched the Milan offices of three managers at Eni on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.
(Bloomberg) — Broadcom Inc. disclosed new agreements to provide components for Apple Inc. devices released through the middle of 2023.The San Jose, California-based chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That’s in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added.Broadcom shares rose more than 2% in late trading, while rival Skyworks Solutions Inc. dropped as much as 7.7%. Broadcom is a major …read more […]
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will get a nearly 2% raise in compensation for 2019, the Wall Street bank said on Thursday, bringing his total pay to $31.5 million.
Intel Corp on Thursday cemented the market view that a prolonged slowdown in the chip industry was bottoming out by forecasting full-year revenue and profit above analysts’ estimates.
John Kapoor, the founder of Insys Therapeutics Inc , on Thursday was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.
Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.
(Bloomberg Opinion) — Intel Inc. closed out 2019 learning the hard lesson that making cutting-edge semiconductors is truly difficult.Like a prizefighter who refuses to admit he just hit the mat, the world’s biggest chipmaker is coming out swinging. And it should, because how it gets through 2020 could decide the company’s fate. Once the most advanced supplier of semiconductors, Intel struggled last year to ramp up production of chips that use its latest 14-nanometer process node, “letting customers down,” as CEO Bob Swan said in October. Its full-year results released Thursday showed that revenue climbed 2% and that net income …read more […]
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