(Reuters) – When U.S. biotech startup Sorrento Therapeutics named ex-Lehman Brothers executive Jiong Shao as its new finance chief about two months ago, it was widely seen as a move driven by his background in raising capital for Alibaba and Tencent.
BRAUNSCHWEIG, Germany (Reuters) – Volkswagen could face additional fines in Munich and Stuttgart on top of the 1 billion euros ($1.2 bln) it has been told to pay for management lapses which caused emissions cheating on 11 million VW diesel cars.
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter.
The OLED technology researcher’s shares surged on a solid earnings report and ended the month with an Apple-powered bang. …read more […]
CHICAGO (Reuters) – Chicago has selected billionaire entrepreneur Elon Musk’s Boring Co to build a high-speed underground commuter system from the downtown Loop district to O’Hare International Airport, one of the world’s busiest, the company and the mayor’s office said.
In a move that is somehow both incredibly simple and bafflingly complicated, …read more […]
(Reuters) – U.S. stocks rose on Thursday after the European Central Bank promised not to raise euro zone interest rates before the middle of next year and on better-than-expected May retail sales data.
(Reuters) – U.S. stocks opened higher on Thursday on better-than-expected May retail sales data, while investors assessed the European Central Bank’s move to end its stimulus program and the U.S. Federal Reserve’s guidance on monetary policy.
KUALA LUMPUR (Reuters) – Malaysia intends to recover all funds illicitly taken from 1Malaysia Development Berhad (1MDB), and determine whether there are grounds for claims against companies, including Goldman Sachs , that profited from dealing with the beleaguered state fund.
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter.
Today Snapchat finally gets a true developer platform, confirming TechCrunch’s …read more […]
HAMBURG (Reuters) – European planemaker Airbus inaugurated a new production line for its best-selling A320 jet with robots Luise and Renate joining human workers as it turns to new automation to help it deal with an eight-year order backlog.
Home Depot (HD) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues. …read more […]
Fortnite diehards would have been undoubtedly jubilant at the E3 announcement …read more […]
LONDON (Reuters) – The euro fell a full cent against the dollar and government borrowing costs dropped on Thursday, after the European Central Bank vowed not to raise euro zone interest rates before the middle of next year.
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