Business News
AT&T drops CBS channels from its cable systems
CBS Corp said on Saturday AT&T Inc has removed CBS’s television stations from the channels of DIRECTV, DIRECTV NOW and AT&T U-verse TV customers.
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Business News
Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper
Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors , who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday.
Business News
China Southern Airlines to receive $4 billion capital injection
China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.
Business News
White House to host meeting with tech executives on Huawei ban: sources
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China’s Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday.
Business News
Equifax nears deal to pay about $700 million to settle U.S. data-breach probes: WSJ
Credit reporting company Equifax Inc is close to a deal to settle data breach probes by paying around $700 million, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Business News
Ford to lay off around 200 workers at Canadian plant
Ford Motor Co will lay off about approximately 200 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the company said on Friday.
Business News
Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department.
Business News
Ford to lay off 185 workers at Canadian plant: union
Ford Motor Co will lay off about 185 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the union local said on Friday.
Business News
Wall Street falls as Fed signals smaller rate cut
Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.
Business News
Global stocks down as big rate cut hopes fade, dollar rises
A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal Reserve at its next meeting were dialed back, pushing the dollar higher.
Business News
Trump: U.S. had ‘very good talk’ with China; in-person talks may follow
U.S. President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, amid signals from China that officials could soon meet face-to-face in their bid to end a yearlong trade war.
Business News
Wall Street falls as expectations for hefty Fed cut trimmed
Wall Street’s main indexes edged lower on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.
Business News
American Airlines-Qantas joint venture wins final U.S. approval
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016.
Business News
Airbus mimics nature with ‘Bird of Prey’ concept plane
Airbus on Friday unveiled a concept aircraft with splayed wingtips and a fanned tail inspired by the feathers of an eagle as it experiments with “biomimicry” technology that could eventually lead to quieter landings and less pollution.
Business News
Wall Street moves lower on dampened hopes for hefty Fed cut
Wall Street’s main indexes edged lower on Friday after a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of July.