Business News
Google asks U.S. Supreme Court to end Oracle copyright case
Alphabet Inc’s Google on Thursday asked the U.S. Supreme Court to free it from a billion-dollar copyright case brought by Oracle Corp that dates to 2010.
Month: January 2019
Business News
‘Under siege’, oil industry mulls raising returns and PR game
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.
Business News
J.P. Morgan pares U.S. first quarter GDP view to 1.75 percent
J.P. Morgan economists reduced their outlook for U.S. economic growth in the first quarter to 1.75 percent from 2.00 percent as the partial U.S. government shutdown has stretched to a second month for the longest one ever, they said on Thursday.
Business News
Stocks meander, bonds up after ECB, U.S.-China trade talk
Stocks flitted between positive and negative territory on Thursday while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.
Business News
S&P 500, Dow sag on trade worries, chipmakers lift Nasdaq
The S&P 500 and the Dow edged lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes kept buyers at bay, but chipmakers rallied to push the Nasdaq into the black.
Business News
Harvard, Levi Strauss, U.S. think tank in blockchain tie-up on worker welfare
Harvard University’s public health graduate school, U.S. think-tank New America, and American apparel company Levi Strauss & Co announced on Thursday a collaboration to develop a blockhain-based system designed to augment outside auditors of factory health and safety with self-reporting by workers.
Business News
‘Maddening’ U.S. shutdown hangs over airlines even as profits beat
Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.
Business News
Airbus threatens to shift work if Britain leaves EU with no deal
Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting “potentially very harmful decisions” for its British operations in the event of a ‘no-deal’ Brexit.
Business News
Deutsche Bank queried by U.S. House panels on Trump ties
Deutsche Bank AG has received an inquiry from two U.S. House of Representatives committees on the lender’s ties to President Donald Trump, it said on Thursday.
Business News
Exclusive: NYC Transit stops Bombardier deliveries until problems fixed
New York City Transit will stop taking new train car deliveries from Bombardier Inc until it fixes existing cars, as the Canadian aerospace and transportation company faces pressure to improve performance at its rail unit, its largest division by revenues.
Business News
GM to invest $22 million in Tennessee plant
General Motors Co said on Thursday it will invest $22 million at its Tennessee plant to build fuel-efficient engines.
Business News
U.S., China ‘miles and miles’ from trade deal: Ross
The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.
Business News
No-deal Brexit would cost Ford up to $1 billion: source
Ford faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, a person familiar with the company’s plans said on Thursday.
Business News
Stocks weak, bonds up after ECB, U.S.-China trade talk
A global stock index clung to gains on Thursday and U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.
Business News
Chipmakers, airlines lift Nasdaq; trade worries stall S&P, Dow
A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever.