Business & Finance News
Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.
A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has “an inherently misleading name” and is subject to potentially dangerous misuse.
Boeing Co is weighing another production cut of its 787 Dreamliner, but may not have to take that step depending on the size and timing of orders from China stemming from a recent U.S. trade agreement, people briefed on the matter said Friday.
Crude prices fell more than 2% on Friday, heading toward $60 a barrel and a steep weekly decline over concerns that the coronavirus in the world’s second-largest oil consumer China will spread farther, curbing travel and oil demand.
U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel.
Bombardier has approached France’s Alstom and Japan’s Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
Boeing Co is contemplating another cut in 787 Dreamliner production, Bloomberg reported on Friday.
Intel Corp’s shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker’s data center business and allayed concerns of market share loss to rival AMD, lifting stocks across the sector.
The U.S. Commerce Department has put on hold a rule aimed at further reducing sales to China’s Huawei Technologies amid pushback from the Defense Department, people familiar with the matter said.
Tesla Inc touted safeguards to its driver assistance system “Autopilot” after a Democratic U.S. senator on Friday urged the automaker to rebrand the system because it has “an inherently misleading name.”
Walmart Inc is testing out a higher starting wage for certain jobs in about 500 stores as part of an overhaul of roles and responsibilities in the United States, Bloomberg reported on Friday.
Brazilian investors are pouring a record amount of cash into local equity funds, while foreign investors notched up their sixth straight week of buying, Bank of America Merrill Lynch said on Friday.
Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes.
U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.
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