Business & Finance News
The benchmark S&P 500 stock index edged higher, nearing a six-month high on Thursday, with losses in technology stocks countered by gains in Boeing Co and Facebook Inc as investors waited for more clarity on the U.S.-China trade talks.
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance that they plan to use in a case accusing the Chinese telecom equipment maker of sanctions-busting and bank fraud, prosecutors said on Thursday.
Audio components maker Knowles Corp has hired JPMorgan investment bankers to advise it on its defense against demands by shareholders Caligan Partners LP and Falcon Edge Capital LP to seek a review of its Precision Devices unit, according to a source familiar with discussions between the parties.
Amazon.com Inc founder and Chief Executive Officer Jeff Bezos will retain voting rights and 75 percent of a $143 billion stake in the company when he and MacKenzie Bezos divorce, they said on Thursday, removing uncertainty around what the split would mean for Amazon shares.
Elon Musk’s job as Tesla Inc’s chief executive appeared safe on Thursday as a federal judge in Manhattan urged the billionaire to settle contempt allegations by the U.S. Securities and Exchange Commission over his use of Twitter.
The Supreme Court of Canada on Thursday dismissed claims attempting to force Chevron Corp’s Canadian unit to pay a $9.5 billion judgment handed down in Ecuador against the U.S. oil major over pollution in the Andean country.
Brent oil prices rose on Thursday, briefly touching $70 a barrel for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.
Elon Musk’s job as Tesla Inc’s chief executive appeared safe on Thursday as a federal judge in Manhattan urged the billionaire to settle contempt allegations by the U.S. Securities and Exchange Commission.
Ethiopia’s insistence that its pilots followed procedures when their Boeing Co 737 MAX nosedived before a deadly crash, and Boeing’s recent declaration that a new software fix makes a “safe plane safer,” have set the stage for a lengthy fight over the roles of technology and crew in recent 737 MAX crashes.
A federal judge on Thursday ordered the U.S. Securities and Exchange Commission and Elon Musk to meet over the next two weeks to try to resolve matters underlying the regulator’s contempt motion against the Tesla Inc chief executive.
MacKenzie Bezos and Amazon.com Inc founder and Chief Executive Officer Jeff Bezos agreed in a divorce settlement that he would retain all voting rights and 75 percent of the ex-couple’s $143 billion stake in the world’s biggest online retailer.
Elon Musk may be able to keep his job as Tesla Inc’s chief executive even if found in contempt for a Twitter post that violated his recent fraud settlement with the U.S. Securities and Exchange Commission, a lawyer for the regulator suggested at a Thursday court hearing.
Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month’s fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report.
Snap Inc on Thursday launched a gaming platform within its Snapchat app featuring original and third-party games such as Zynga Inc’s Tiny Royale, aiming to keep existing users engaged longer and attract new ones.
Ethiopia Airlines’ doomed 737 MAX jet hit excessive speed and was forced downwards by a wrongly-triggered automation system as pilots wrestled to regain control, a preliminary report into the crash that has shaken the aviation world showed on Thursday.
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