Business & Finance News
Huawei executive Meng Wanzhou’s conduct amounts to fraud under Canadian law and the court need not consider U.S. sanctions law, Canadian federal prosecutors argued in a court filing released on Friday.
Airbus posted higher airplane orders for 2019 but failed to keep pace with deliveries for the second year in a row after axing its A380 superjumbo program and clearing its books of some defunct deals left over from a faltering industry order boom.
Alphabet’s new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google’s parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns about his personal relationship with a subordinate.
General Motors Co will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the return with a Super Bowl ad featuring NBA star Lebron James, two people briefed on the matter said on Friday.
Boeing Co’s biggest supplier, Spirit AeroSystems Holdings Inc , plans to lay off more than 20% of the workforce at its Wichita-Kansas base as it grapples with halted production and uncertainty over when 737 MAX jets will return to service, according to a company memo seen by Reuters.
Alphabet’s new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google’s parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns about his personal relationship with a subordinate.
The dollar fell and global equity markets backed down from fresh highs on Friday on troubling signs of renewed U.S.-Iranian tensions.
The last U.S. employment report of the 2010s out Friday had few surprises, but it wrapped up a decade that featured some notable milestones in a job market that has changed dramatically in the space of 10 years.
U.S. stocks were down slightly in Friday afternoon trading as investors took profits after hitting record highs this week and data showed slower-than-expected December U.S. jobs growth.
Oil fell below $65 a barrel on Friday in its first weekly loss since late November, erasing the week’s risk premium added since a U.S. drone strike killed a top Iranian general as investors focused on rising U.S. inventories and other signs of ample supply.
U.S. job growth slowed in December after surging in the prior month, but the pace of hiring is enough to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes.
Google parent Alphabet Inc on Friday announced the retirement of Chief Legal Officer David Drummond, who has been under scrutiny as the board investigated the company’s handling of sexual misconduct complaints.
U.S. stocks hovered near all-time highs on Friday, as easing Middle East tensions and gains in popular technology stocks offset concerns about slower-than-expected December jobs growth in the United States.
Apple Inc is trying to change the way electronics are recycled with a robot that disassembles its iconic iPhone so that minerals can be recovered and reused, but rising global demand for electronics means new mines will still be needed by manufacturers.
Oil edged lower on Friday, set for its first weekly loss since late November, erasing the week’s risk premium added since a U.S. drone strike killed a top Iranian general as investors focused on rising U.S. inventories and other signs of ample supply.
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