Business & Finance News
General Motors Co and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
United Airlines Holdings Inc insider Scott Kirby will succeed Oscar Munoz as chief executive officer next year as part of a transition the airline hopes will secure a growth path after some tumultuous years.
U.S. stocks dipped on Thursday as declines in defensive sectors such as consumer staples overshadowed gains in technology stocks, while the absence of new updates in U.S.-China trade talks kept investors on the sidelines.
Significant additional regulatory requirements or delays in returning the 737 MAX to commercial service could cause Boeing Co to cut or temporarily halt 737 MAX production, the U.S. planemaker said in a letter seen by Reuters on Thursday.
The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union until June 2022 as he pledged a series of reforms following a criminal investigation into illegal payoffs that has rocked the union.
Wall Street’s main indexes dropped on Thursday, as investors stayed away from making riskier bets owing to a lack of new developments in U.S.-China trade talks.
Mark Wiseman, global head of active equities at BlackRock Inc , is leaving the firm following a violation of the company’s “relationships at work policy,” the world’s largest asset manager said in an internal memo on Thursday.
The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a fall in imports of consumer goods hinted at a slowdown in domestic demand.
General Motors Co .and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
Beyond Meat Inc said on Thursday that its plant-based burgers will be sold at some Costco Wholesale Corp stores in the United States.
The United Auto Workers union international executive board on Thursday named the acting president Rory Gamble to serve in the job until June 2022 after its previous president resigned last month.
The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a fall in imports of consumer goods hinted at a slowdown in domestic demand.
DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, three sources told Reuters, raising $25.6 billion and overtaking China’s Alibaba to achieve the world’s biggest stock market flotation.
Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin , Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday.
Wall Street’s main indexes opened higher for the second straight session on Thursday on brighter hopes of a preliminary trade deal between the United States and China.
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