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Boeing delivers 48 737s in August, compared with 50 a year earlier
Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, compared with 50 planes a year earlier, and 29 units in July.
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Business News
Former Volkswagen boss dragged feet on ‘dieselgate’: judge
Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday.
Business News
Ericsson inks $3.5 billion 5G deal with T-Mobile US
Mobile telecom gear maker Ericsson said on Tuesday it had signed a $3.5 billion multi-year deal to support T-Mobile US’ 5G network deployment, the biggest 5G order that Ericsson has announced.
Business News
Wall Street flat, tech boost softens trade war fears
U.S. stocks were little changed on Tuesday, as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors due to fears of an escalation in Sino-U.S. trade spat.
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Geron Corporation: A Sober Assessment
Geron may be reaching a top. Here’s why. …read more […]
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Goldman banker had raised ethics concerns: NYT
James Katzman, who led the bank’s West Coast mergers-and-acquisitions practice, had used the whistle-blower hotline in 2014 to report on the investment bank trying to hire a customer’s child and colleagues’ repeated attempts to obtain and then share confidential client information, the paper reported https://nyti.ms/2CJ9wEq. The investigation was taken up by the bank’s general counsel and Katzman was urged to move past his complaints by several senior investment banking executives, the newspaper reported, citing several people familiar with the interactions. Katzman refused and left Goldman in 2015. …read more […]
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3 Top Dividend Stocks to Buy Right Now
These large-cap stocks offer solid dividend income and an opportunity for upside in share prices. …read more […]
Business News
Wall Street opens lower as trade jitters weigh
U.S. stocks opened lower on Tuesday, weighed down by fears over the escalating trade spat between the United States and China.
Business News
Rebuilding lives, 10 years after Lehman’s fall
It is an image that became a symbol of the global financial crisis — about 20 bankers, their backs turned to the window, attending an emergency meeting at the London office of Lehman Brothers as the firm slid toward collapse.
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There's More to Sonos' Rough Quarter Than Meets the Ear
The pioneer of wireless high-end multiroom speakers sees sales decline in its first quarter as a public company, but it’s not the end of the world. …read more […]
Business News
HSBC whistleblower defends tax leak as he fights extradition
A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds.
Business News
Ten years after Lehman, spotting the next crisis: McGeever
As financial market participants reflect on the 10th anniversary of Lehman Brothers’ collapse, the consensus is there will be no repeat of the near-death experience, largely because authorities simply will not allow it.
Business News
JPMorgan to create wealth management unit in Luxembourg
JPMorgan Chase & Co said on Tuesday it will establish a wealth management business in Luxembourg and boost offerings at its investment banking and custody and fund businesses.
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Musk says Tesla to drop some color options for cars to simplify production
Tesla currently offers seven colors for its vehicles that include top variant Model S, mid level Model X and its most affordable sedan Model 3. The company is trying to iron out production bumps after struggling to produce Model 3 sedans and failing to meet several production deadlines. “Moving 2 of 7 Tesla colors off menu on Wednesday to simplify manufacturing. …read more […]
Business News
Musk says Tesla to drop some color options for cars to simplify production
Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.