Business & Finance News
Japan’s Nomura Holdings will cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches in its latest overhaul, the ailing bank said on Thursday.
Oil prices fell for a second day on Thursday, with Brent briefly edging below $69 per barrel because of rising inventories and production in the United States, but losses were limited as supply tightened elsewhere.
Prosecutors on Thursday will present their closing arguments in the trial of the wealthy founder of pharmaceutical company Insys Therapeutics Inc and four colleagues accused of contributing to the U.S. opioid epidemic by bribing doctors to prescribe an addictive fentanyl spray.
Lawyers for Tesla Inc Chief Executive Elon Musk will argue on Thursday that he did not violate a fraud settlement with the U.S. Securities and Exchange Commission and should not be held in contempt, the latest twist in a high-profile battle between the billionaire and the government.
Tesla Inc Chief Elon Musk is a prolific tweeter, and on Thursday, a judge will decide whether a Feb. 19 tweet Musk sent violated a 2018 fraud settlement with the U.S. Securities and Exchange Commission.
The Massachusetts Institute of Technology (MIT) has severed ties with Huawei Technologies and ZTE Corp as U.S. authorities investigate the Chinese firms for alleged sanctions violations, it said on Wednesday.
Japanese prosecutors arrested Carlos Ghosn again on Thursday on suspicion the former Nissan boss had tried to enrich himself at the automaker’s expense, in another dramatic twist that his lawyers said was an attempt to muzzle him.
China’s aviation regulator has been invited to join the U.S. Federal Aviation Administration’s (FAA) review panel on the Boeing 737 MAX, an official at the regulator said on Thursday.
IKEA, the world’s biggest furniture retailer, is preparing to serve lettuce grown in high-tech containers outside its stores as part of efforts to improve its environmental profile.
Ethiopian investigators cannot yet say whether there is a structural problem with the Boeing 737 MAX, based on flight and cockpit voice data from the plane that crashed on March 10 killing 157 people, the head of the investigation said.
European and Asian shares stepped back from eight-month highs on Thursday, as investors took money off the table amid fresh concerns about U.S.-China trade talks and as dire data from Germany signaled trouble for Europe.
Ethiopian Airlines flight 302 repeatedly nose-dived before it crashed, a statement from the airline said, citing the preliminary report into the March 10 crash that was released on Thursday.
Ethiopian Airlines pilots followed proper guidance in the fatal crash of a Boeing MAX 8 airplane last month, Ethiopia’s minister of transport Dagmawit Moges said on Thursday as she delivered the first official report on the disaster.
The United Arab Emirates has accepted an invitation to join the U.S. Federal Aviation Administration’s (FAA) review panel on the Boeing 737 MAX, a senior official told Reuters on Thursday.
The Massachusetts Institute of Technology (MIT) said on Wednesday it has halted collaborations with Huawei Technologies and ZTE Corp over U.S. federal investigations of the Chinese technology companies’ alleged violations of sanctions.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
