Business & Finance News
New York energy company Consolidated Edison Inc said on Friday it still plans to impose a moratorium on new natural gas service in parts of Westchester County after March 15 despite a $250 million plan by the state to reduce energy usage.
Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with a jury in federal court in San Diego finding that Apple owes Qualcomm about $31 million for infringing three of its patents.
The crashed Boeing Co 737 MAX jets in Ethiopia and Indonesia appear to have a common connection, Ethiopian Airlines Group Chief Executive Officer Tewolde Gebremariam told China’s state news agency Xinhua on Friday.
New York energy company Consolidated Edison Inc said on Friday it still plans to impose a moratorium on new natural gas service in parts of Westchester County after March 15 despite a $250 million plan by the state to reduce energy usage.
A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Colonial Bank.
Volkswagen’s supervisory board on Friday condemned remarks made by the company’s chief executive after he appeared to allude to a Nazi-era slogan when he attempted to describe the carmaker’s earnings potential.
Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on his companies and made him the “latest victim” in the U.S. probe into Moscow’s alleged political interference.
Shares of Tesla Inc fell nearly 5 percent on Friday, as investors wondered if its unveiling of an electric sports utility vehicle would add to pressure on cash flow, while analysts worried the carmaker was not addressing slowing demand for other models.
Russian businessman Oleg Deripaska said on Friday he had launched a lawsuit to try and force the United States to lift sanctions on his companies because he did not want his life’s work to be destroyed.
Wall Street’s main indexes hit session highs on Friday, in broad based gains led by technology stocks, as sentiment was lifted by an upbeat note in trade talks between the United States and China.
U.S. regulators will ask the public if robotic cars should be allowed on streets without steering wheels or brake pedals as they try to set the first legal boundaries for their design in the world’s second vehicle largest market.
Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in sanctioning his companies and made him the “latest victim” in the ongoing U.S. probe into Moscow’s alleged political interference.
Investigators in France on Friday examined the black boxes of a Boeing 737 MAX that crashed in Ethiopia as the global airline industry waited to see if the cause was similar to a disaster in Indonesia months before.
A glance at the attendee list at one of the world’s largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.
German luxury carmaker BMW has applied for state funding of research and development in the field of battery cells, a spokesman said on Friday, adding this does not mean the company aims to produce them itself.
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