Business & Finance News
SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.
China’s indebted HNA Group has appointed its chairman’s son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday.
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington’s effort to oust President Nicolas Maduro.
Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.
The United States is considering extending Chevron Corp’s waiver to operate in Venezuela with more limitations by granting the company a 90-day sanctions reprieve, Bloomberg reported late on Friday, citing people familiar with the matter.
U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund’s $250 billion crisis lending fund as part of a deal to maintain overall IMF resources.
Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.
A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug companies and local governments failed to agree on a settlement on Friday that had been expected to be valued at around $50 billion.
A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug companies and local governments failed to agree on a settlement on Friday that had been expected to be valued at up to $50 billion.
In newly released text messages from 2016, a top Boeing 737 MAX test pilot tells a colleague that the jet’s MCAS flight control system – the same one linked to two fatal crashes – was “running rampant in the (simulator) on me.”
U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
Facebook Inc’s upcoming news tab will feature headlines from the Wall Street Journal and some other News Corp media properties when it launches in fall of 2019, the social network said on Friday.
A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world’s largest airplane maker into a fresh crisis.
Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.
The U.S. Federal Aviation Administration (FAA) on Friday turned over 10 pages of emails from a former chief technical pilot on the Boeing 737 MAX that disclosed new details of the company’s efforts to win approval from regulators around the world.
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