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January 17, 2020

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Boeing addresses new 737 MAX software issue that could keep plane grounded longer

Reuters
by Reuters01
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered in Iowa last weekend during......
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Reuters - Business

Boeing says it is addressing new 737 MAX software issue discovered in technical review

Reuters
by Reuters01
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered during a technical review of......
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Reuters - Business

Toyota to move Tacoma truck production to Mexico from U.S.

Reuters
by Reuters02
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as......
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Reuters - Business

Bayer could be close to Roundup settlement, mediator says

Reuters
by Reuters00
FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay (Reuters) – Bayer (BAYGn.DE) could be close to settling more than 75,000 cancer claims related to its Roundup herbicide, with mediator Ken......
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Reuters - Business

U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles

Reuters
by Reuters01
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. FILE PHOTO: A Tesla Model S steering wheel is on display at the Canadian International AutoShow in Toronto,......
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Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
by Reuters01
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
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Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
by Reuters01
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
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HSBC cutting around 100 staff in equities business: sources

Reuters
by Reuters02
FILE PHOTO: People walk past a HSBC signage in Singapore October 8 2019. REUTERS/Feline Lim HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.......
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Reuters - Business

Bayer close to Roundup settlement, mediator tells Bloomberg

Reuters
by Reuters02
FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Bayer (BAYGn.DE) is close to settling more than 75,000 cancer claims related to its Roundup herbicide, mediator Ken Feinberg......
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Reuters - Business

Renault expects slight 2020 car market decline in Europe, Russia and China

Reuters
by Reuters01
PARIS (Reuters) – Renault (RENA.PA) said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed. FILE PHOTO: A Renault Clio E-Tech Hybrid car......
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Reuters - Business

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources

Reuters
by Reuters07
HONG KONG/BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd (002074.SZ), two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. FILE PHOTO: A Volkswagen electric ID car......
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Reuters - Business

China’s 2019 property investment solid, but first sales drop in 5 years dents outlook

Reuters
by Reuters010
BEIJING (Reuters) – China’s property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector and suggested Beijing might need to offer more stimulus to stabilize a cooling economy. FILE PHOTO: Lights are......
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Reuters - Business

Facebook sued in U.S. federal court for alleged anticompetitive conduct

Reuters
by Reuters01
FILE PHOTO: Facebook logos are seen on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration SAN FRANCISCO (Reuters) – Four companies sued Facebook in U.S. federal court on Thursday for alleged anticompetitive conduct, saying the social network inappropriately revoked developer access to its platform in......
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Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
by Reuters00
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
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Reuters - Business

Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO

Reuters
by Reuters06
SAN FRANCISCO (Reuters) – Eli Lilly and Co (LLY.N) aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products. FILE PHOTO: Josh Smiley, senior vice president......
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Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
by Reuters04
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
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Reuters - Business

Factbox: How NBCUniversal’s Peacock streaming service stacks up against others

Reuters
by Reuters01
(Reuters) – Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as......
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Reuters - Business

Gap pulls plug on Old Navy spinoff to focus on turning around sales

Reuters
by Reuters011
FILE PHOTO: The logo of GAP clothing retailer is seen at a company’s store at Tbilisi Mall in Tbilisi, Georgia, April 22, 2016. REUTERS/David Mdzinarishvili (Reuters) – Gap Inc (GPS.N) on Thursday called off a plan to spin-off its Old Navy brand and said it would instead work to stem......
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Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
by Reuters04
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
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