Business News
Boeing plans to stage first flight of 777X plane this week: sources
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday.
Year: 2020
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Boeing plans to stage first flight of 777X plane this week: sources
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]
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Trump Lauds His Achievements as Greta Urges Action: Davos Update
(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The world’s rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering will be closely watched to see how the global elite aims to tackle issues they helped create, above all climate change.President Donald Trump’s appearance, which comes on the same day his impeachment trial starts in Washington, began with him calling the trial a “hoax” and “disgraceful.” In his speech, he lauded his economic achievements and said the U.S. is “thriving” and …read more […]
Business News
Halliburton takes $2.2 billion charge on fracking, swings to loss
Halliburton Co swung to a loss in the fourth-quarter as it took a charge of $2.2 billion on its fracking business due to falling demand from oil and gas producers in North America, its largest market.
Business News
Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources
Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.
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Boeing plans to stage first flight of 777X plane this week -sources
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday. A source close to one of the wide-body jet’s nine firm customers said the flight would take place on Thursday or Friday at Boeing’s commercial base outside Seattle, depending on weather. Boeing could not immediately be reached for comment. …read more […]
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Exclusive: BP pulls out of Iraq's Kirkuk field as expansion plans stall
LONDON/BAGHDAD (Reuters) – BP has pulled out of Iraq’s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase its oil output, three sources told Reuters. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country. A senior source at Iraq’s North Oil Company (NOC), which overseas the Kirkuk operations, confirmed BP’s withdrawal. …read more […]
Business News
EU decision on LSE-Refinitiv deal expected in a few months: LSE director
European competition authorities are expected to rule on the London Stock Exchange’s $27 billion takeover of data and analytics company Refinitiv “around the summer”, an LSE board member said on Tuesday.
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Is Exact Sciences Corporation (NASDAQ:EXAS) Trading At A 40% Discount?
How far off is Exact Sciences Corporation (NASDAQ:EXAS) from its intrinsic value? Using the most recent financial… …read more […]
Business News
Oil market shrugs off Libya crisis
Oil prices fell more than 1% on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
Business News
Apple lawsuit tests if an employee can plan rival startup while on payroll
Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture – that employees can plan a competing venture while still in a job.
Business News
Huawei CFO’s legal team to contest U.S. extradition in day 2 of Canada hearing
Huawei Chief Financial Officer Meng Wanzhou is set to return to a Vancouver court on Tuesday, where her lawyers will build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
Business News
Uber tests feature allowing some California drivers to set fares: WSJ
Uber Technologies Inc is testing a feature that allows some drivers in California to set their fares, the Wall Street Journal reported https://www.wsj.com/articles/uber-is-testing-a-feature-that-lets-some-california-drivers-set-fares-11579600801 on Tuesday, citing a person involved in developing the feature.
Business News
BP appoints new finance chief as Looney prepares to take over
BP’s finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.
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Greta Thunberg tells Davos: 'Nothing has been done' on climate since she began protesting
Essentially no progress has been made on curbing global carbon emissions since Swedish climate activist Greta Thunberg rose to prominence in 2018, she said on Tuesday at the World Economic Forum in Davos, Switzerland, just hours before President Donald Trump was set to address the conference. …read more […]