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Electric vehicle maker Rivian: expect prices lower than previously announced

Reuters
MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. The Rivian R1T all-electric truck is pictured......
Reuters - Business

Boeing’s 777X jetliner successfully completes maiden flight

Reuters
SEATTLE (Reuters) – Boeing Co (BA.N) successfully completed on Saturday the maiden flight of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus (AIR.PA) in a respite from a crisis over its smaller 737 MAX. A Boeing 777X airplane taxis during an attempted......
Reuters - Business

Boeing 777X jetliner successfully completes maiden flight

Reuters
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, U.S. January 25, 2020. REUTERS/Terray Sylvester SEATTLE (Reuters) – Boeing Co (BA.N) on Saturday successfully completed the maiden flight of the world’s largest twin-engined jetliner, the 777X. The 252-foot-long passenger jet landed......
Reuters - Business

Boeing’s 777X jetliner takes off on maiden flight

Reuters
A Boeing 777X airplane taxis during an attempted first test flight from the company’s plant in Everett, Washington, U.S. January 24, 2020. REUTERS/Lindsey Wasson SEATTLE (Reuters) – Boeing Co (BA.N) began the maiden flight on Saturday of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with......
Reuters - Business

EU plans more protectionist antitrust rules, data sharing in policy shake-up

Reuters
BRUSSELS (Reuters) – The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows. FILE PHOTO: European Union flags fly outside......
Reuters - Business

Starbucks shuts shops, suspends delivery in China’s Hubei amid virus outbreak

Reuters
FILE PHOTO: visitor drinks coffee at a Starbucks outlet inside the Forbidden City in Beijing January 18, 2007. REUTERS/Claro Cortes IV BEIJING (Reuters) – Starbucks has closed all shops and suspended delivery services in China’s Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from......
Reuters - Business

Trump speaks with British PM Johnson about telecoms security -White House

Reuters
FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House......
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Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing

Reuters
(Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) late on Friday urged a U.S. District Court to throw out General Motors Co’s (GM.N) suit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multi-billion dollar labor cost disadvantage. FILE PHOTO: Fiat......
Reuters - Business

Boeing delays 777X first flight again due to bad weather

Reuters
FILE PHOTO: A white 777X is pictured at Boeing’s Everett facility after it was announced that their 777X model will make its first test flight later in the week in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson SEATTLE (Reuters) – Boeing has postponed again the first flight of its......
Reuters - Business

China virus fears spook U.S. shares, oil prices

Reuters
NEW YORK (Reuters) – U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New......
Reuters - Business

New U.S. curb on Huawei in limbo amid pushback from Pentagon: sources

Reuters
WASHINGTON (Reuters) – The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department that the move would harm U.S. businesses, people familiar with the matter said. FILE PHOTO: Huawei’s first global flagship store is pictured in Shenzhen,......
Reuters - Business

Boeing weighing new 787 Dreamliner production cut: sources

Reuters
(Reuters) – 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. Earlier this month, U.S. airplane......
Reuters - Business

Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources

Reuters
LONDON/MONTREAL/PARIS (Reuters) – Bombardier (BBDb.TO) has approached France’s Alstom (ALSO.PA) and Japan’s Hitachi (6501.T) to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters. FILE PHOTO: A worker walks in front of a Bombardier advertising board at......
Reuters - Business

New Huawei restriction in limbo after Pentagon disagrees with Commerce approach

Reuters
FILE PHOTO: A Huawei company logo at Shenzhen International Airport in Shenzhen, Guangdong province, China, July 22, 2019. REUTERS/Aly Song/File Photo WASHINGTON (Reuters) – 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......
Reuters - Business

AmEx profit beats on strong U.S. holiday season spending

Reuters
FILE PHOTO: An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration (Reuters) – Credit card issuer American Express Co (AXP.N) reported a fourth-quarter profit on Friday that beat analysts’ estimates, as more people used its cards for shopping......
Reuters - Business

Oil falls below $62, heads for weekly loss on China virus concerns

Reuters
LONDON (Reuters) – Oil slipped below $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S.......
Reuters - Business

SoftBank-backed CloudMinds slashes workforce amid cash burn: sources

Reuters
FILE PHOTO: The CloudMinds XR-1 robot performs for the visitors at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Rafael Marchante/File Photo TOKYO (Reuters) – SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated attempts to list on......
Reuters - Business

Ericsson hit by higher 5G costs and weaker U.S. market

Reuters
STOCKHOLM (Reuters) – Sweden’s Ericsson (ERICb.ST) reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment maker looks to exploit its leading position in super-fast 5G networks. FILE PHOTO: The Ericsson logo is seen at the Ericsson’s......
Reuters - Business

European stocks shrug off coronavirus fears

Reuters
LONDON/TOKYO (Reuters) – European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet for the rest of the world. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London,......
Reuters - Business

Euro near seven-week lows before PMI data release

Reuters
LONDON (Reuters) – The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. REUTERS/Antonio Bronic Investor attention......

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