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Business News

Brazil judge blocks Boeing-Embraer tie-up with new injunction

December 20, 2018 admin Comments Off on Brazil judge blocks Boeing-Embraer tie-up with new injunction

A Brazilian judged on Thursday issued his second injunction blocking the proposed sale of 80 percent of planemaker Embraer’s commercial aviation division to Boeing Co .

…read more […]

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Business News

Uber resuming self-driving car testing in Pennsylvania

December 20, 2018 admin Comments Off on Uber resuming self-driving car testing in Pennsylvania

Uber Technologies Inc [UBER.UL] on Thursday is resuming limited self-driving car testing on public roads in Pittsburgh, nine months after it suspended the program following a deadly accident in Arizona.

…read more […]

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Business News

World stocks suffer as Fed heightens recession fears

December 20, 2018 admin Comments Off on World stocks suffer as Fed heightens recession fears

World equity markets slipped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook, worsening worries of a recession as signs grow that global economic growth is stuttering.

…read more […]

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Business News

Brazil judge suspends Boeing-Embraer tie-up with fresh injunction

December 20, 2018 admin Comments Off on Brazil judge suspends Boeing-Embraer tie-up with fresh injunction

A Brazilian judged on Thursday issued a new injunction blocking the proposed sale of 80 percent of planemaker Embraer’s commercial aviation division to Boeing Co .

…read more […]

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Business News

Futures edge higher in bounce after Fed-triggered swoon

December 20, 2018 admin Comments Off on Futures edge higher in bounce after Fed-triggered swoon

U.S. stock futures edged higher on Thursday, following a sharp pullback in the prior session after the Federal Reserve stuck to its plan to keep withdrawing monetary support from an economy it views as strong, dampening hopes for a more dovish outlook.

…read more […]

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Business News

Altria pays $12.8 billion for minority stake in e-cigarette company Juul

December 20, 2018 admin Comments Off on Altria pays $12.8 billion for minority stake in e-cigarette company Juul

Marlboro cigarette maker Altria Group Inc on Thursday announced it would pay $12.8 billion to take a 35 percent stake in Juul Labs Inc, a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make inroads among smokers.

…read more […]

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Business News

Investors association asks for tender offer in Boeing-Embraer deal

December 20, 2018 admin Comments Off on Investors association asks for tender offer in Boeing-Embraer deal

Brazilian investors’ association Abradin has filed a motion with a São Paulo court questioning the legality of a tie-up between U.S. planemaker Boeing Co and Embraer SA .

…read more […]

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Business News

Airbus shares fall after report of U.S. joining corruption probe

December 20, 2018 admin Comments Off on Airbus shares fall after report of U.S. joining corruption probe

Shares in Europe’s Airbus fell on Thursday after Le Monde newspaper reported the United States had opened an investigation into allegations of corruption, raising the stakes of probes already under way in Britain and France.

…read more […]

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Business News

U.S. aims to present figures on impact of tariffs in mid-January: report

December 20, 2018 admin Comments Off on U.S. aims to present figures on impact of tariffs in mid-January: report

The U.S. Commerce Department plans to present new calculations on the impact that tariffs on foreign cars would have on the U.S. market in four weeks’ time, a German magazine reported on Thursday.

…read more […]

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Business News

Film studios and Sky offer to end anti-competitive movie deals

December 20, 2018 admin Comments Off on Film studios and Sky offer to end anti-competitive movie deals

NBCUniversal, Sony Pictures, Warner Bros and Sky have offered to end anti-competitive movie licensing deals in a bid to stop an antitrust investigation, regulators said on Thursday, after Paramount and Disney made similar concessions.

…read more […]

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Business News

U.S. aims to present figures on impact of tariffs in mid-Jan: report

December 20, 2018 admin Comments Off on U.S. aims to present figures on impact of tariffs in mid-Jan: report

The U.S. Commerce Department plans to present new calculations on the impact that tariffs on foreign cars would have on the U.S. market in four weeks’ time, a German magazine reported on Thursday.

…read more […]

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Business News

Hyundai to open car plant in Indonesia, to build EVs: minister

December 20, 2018 admin Comments Off on Hyundai to open car plant in Indonesia, to build EVs: minister

Hyundai Motor Co plans to start producing electric vehicles (EVs) in Indonesia as part of an around $880 million auto investment in the country, Industry Deputy Minister Harjanto said on Thursday.

…read more […]

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Business News

Oil slumps 4 percent to lowest in a year as stock markets sink

December 20, 2018 admin Comments Off on Oil slumps 4 percent to lowest in a year as stock markets sink

Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.

…read more […]

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Business News

Embraer to pay out $1.6-1.7 billion in extraordinary dividends: paper

December 20, 2018 admin Comments Off on Embraer to pay out $1.6-1.7 billion in extraordinary dividends: paper

Brazilian planemaker Embraer SA is planning to distribute $1.6 billion to $1.7 billion in extraordinary dividends to shareholders, using proceeds from its recent deal with Boeing Co , the Valor Econômico newspaper reported on Thursday.

…read more […]

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Business News

Tokyo prosecutors appeal after court decides against extending Ghosn detention

December 20, 2018 admin Comments Off on Tokyo prosecutors appeal after court decides against extending Ghosn detention

Tokyo prosecutors have appealed a court decision that prevents further detention of Carlos Ghosn, a surprise ruling which could free the ousted chairman of Nissan Motor Co Ltd for the first time since his arrest for alleged financial misconduct.

…read more […]

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