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December 6, 2019
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Reuters - Business

Hyundai Motor eyes thrust on electric vehicles in $52 billion investment plan

Reuters
SEOUL (Reuters) – Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver. FILE PHOTO: The logo of Hyundai Motors is...
Reuters - Business

Hyundai Motor says to invest $52 billion over six years

Reuters
FILE PHOTO: The logo of Hyundai Motors is seen at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor said on Wednesday it planned to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025. Of the total, the South Korean...
Reuters - Business

Green’s in fashion as Lithuanian used clothes site joins $1 billion club

Reuters
VILNIUS (Reuters) – Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania’s first technology startup to reach “unicorn” status with a valuation of over $1 billion. Employees work in the Vinted headquarters in Vilnius, Lithuania November 26, 2019. Picture taken November 26, 2019....
Reuters - Business

U.S. may soon issue guidance to enforce foreign investment oversight

Reuters
WASHINGTON (Reuters) – The U.S. government is likely soon to spell out how it will enforce oversight of foreign investment in the United States, a U.S. official said on Thursday, after a law last year expanded the agency’s authority to crack down on harmful Chinese investment. Thomas Feddo, who oversees...
Reuters - Business

T. Rowe Price’s McPherson sees green light for value stocks

Reuters
NEW YORK (Reuters) – Economic uncertainty has held back value stocks, but fund manager Heather McPherson of T. Rowe Price Group Inc (TROW.O) sees plenty of opportunity to scoop up undervalued shares, including in the financial and utilities sectors. Heather McPherson, a co-portfolio manager and analyst at T. Rowe Price,...
Reuters - Business

Aramco IPO will come soon, Saudi crown prince to decide: energy minister

Reuters
RIYADH (Reuters) – The initial public offering (IPO) for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy minister said on Wednesday. FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in...
Property

Senior Housing Market Swells With Investment Potential – Real_Estate

@BreaknNews
(NewsUSA) – America’s elderly are one of the fastest-growing segments of the population. As a group, senior citizens over age 85 are expected to double between now and 2030. While people are wondering what Social Security will look like in the coming years, senior housing is another rising concern. Some...
Reuters - Business

China will keep door open to foreign investment, global industry despite trade tensions

Reuters
BEIJING (Reuters) – China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags at the Diaoyutai State Guesthouse...
Reuters - Business

Boeing to invest $20 million in Richard Branson’s Virgin Galactic

Reuters
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Boeing Co (BA.N) said on Tuesday it would invest $20 million in Richard Branson’s space-tourism venture Virgin Galactic giving it more...
Reuters - Business

Final Thomas Cook holiday-makers to fly home to Britain

Reuters
FILE PHOTO: An Airbus A320 of Thomas Cook Airlines lands at Duesseldorf Airport, Germany September 23, 2019. REUTERS/Wolfgang Rattay LONDON (Reuters) – The final contingent of holiday-makers stranded overseas after the collapse of tour company Thomas Cook last month will return to Britain on flights departing on Sunday, bringing to...
Reuters - Business

UK to fly back another 5,000 people on Thursday after Thomas Cook collapse

Reuters
FILE PHOTO: A Thomas Cook Scandinavia Airbus A330 plane takes off from Las Palmas in the Canary Islands, Spain, September 25, 2019.REUTERS/Borja Suarez/File Photo (Reuters) – The British Civil Aviation Authority (CAA) said 25 flights are scheduled to fly on Thursday to return another 5,000 people to the country in...
CBS US News

Stocks down: Dow slides more than 500 points as economic concerns flare

CBS News
Stocks are slumping amid renewed concerns about U.S. economic growth and simmering trade tensions.  The Dow Jones Industrial Average sank 560 points Wednesday, or 2%, to 26,012, while the broader S&P 500 and technology-heavy Nasdaq each sank roughly 2%. The Dow remains up nearly 13% on the year, while the...
Reuters - Business

UK to repatriate 16,700 Thomas Cook customers on Saturday

Reuters
FILE PHOTO: Passengers line up in front of Thomas Cook counters at the airport of Heraklion, on the island of Crete, Greece September 24, 2019. REUTERS/Stefanos Rapanis (Reuters) – A further 16,700 customers of collapsed British travel firm Thomas Cook are scheduled to be repatriated on Saturday on 76 flights,...
Reuters - Business

UK to repatriate 16,000 people on fourth day of Thomas Cook collapse

Reuters
FILE PHOTO: Passengers are silhouetted in front of a closed service counter of travel agent Thomas Cook and airline Condor at the airport in Frankfurt, Germany, September 24, 2019. REUTERS/Kai Pfaffenbach (Reuters) – Britain’s Civil Aviation Authority (CAA) said over 70 flights are scheduled for Thursday to bring back 16,000...
News USA

Crowdfunding Opp Opens Door to Invest in Music Innovation – Technology

newsusa
(NewsUSA) – DigiTrax Entertainment, Inc., a pioneer in the music technology industry, is offering forward-looking investors a chance to get involved in the future of music. The signature DigiTrax technology, known as The Music Builder platform, involves the use of artificial intelligence and machine learning to help musicians create new...

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