Business & Finance News
Virgin Galactic’s goal to fly tourists into space as early as this summer is about 12 years later than initially promised by its founder, British billionaire Sir Richard Branson.
Honda’s sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company’s chief executive said on Friday.
Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a “first lot” of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since September.
Asian shares turned lower on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring U.S. economic data.
Uber Technologies Inc’s restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc.
Panasonic Corp and Tesla Inc will continue to make new investments in the U.S. electric carmaker’s Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said on Thursday.
Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base.
Toshiba Corp shares fell more than 5 percent on Friday after an agreement to offload its U.S. liquefied natural gas (LNG) business collapsed, a blow for the Japanese conglomerate which has been shedding assets to turn around its business.
SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals, as the Japanese investor confronts a new U.S. law aimed at cracking down on foreign investors.
California energy company PG&E Corp said on Thursday it appointed former state and federal regulator Nora Mead Brownell as chair of the company’s board of directors.
Toshiba Corp shares fell on Friday after the collapse of an agreement to offload its U.S. liquefied natural gas (LNG) business, a new blow for the Japanese conglomerate which has been shedding assets to turn around its business.
Amazon.com Inc’s Japanese unit raised the membership fee for its Prime service by 26 percent on Friday, the first such hike since it was launched in the country 11 years ago.
Asian shares were flat and U.S. Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger U.S. economic data helped offset some concerns about global growth.
In addition investing more than $25 billion in Didi, Uber, Ola, Grab and Cruise, SoftBank Group Corp and its investment arms have poured another $5 billion into eight companies involved in some aspect of transportation.
SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
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