Fiat Chrysler Automobiles NV will recall about 965,000 gasoline-powered vehicles in the United States and Canada that do not meet emissions standards and will replace their catalytic converters, officials said on Wednesday.
Deliveries of Boeing’s best-selling 737 MAX jets were effectively frozen on Wednesday, though production continued, after the United States joined a global grounding of the narrowbody model over safety concerns, industry sources said.
A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks.
Facebook Inc said on Wednesday some users around the world were facing trouble in accessing its widely used Instagram, Whatsapp and Facebook apps, making it one of the longest outages the company has suffered in the recent past.
Latin America’s two largest nations Brazil and Mexico on Wednesday suspended Boeing Co’s 737 MAX aircraft from flying, mirroring actions by European, Chinese and U.S. authorities after the crash of an Ethiopian Airlines plane.
Colombia’s civil aviation authority said on Wednesday it would not allow Boeing Co 737 MAX 8 planes to fly into its airspace after the grounding of the aircraft by several nations, while the cause of the deadly crash of an Ethiopian Airlines plane is investigated.
Mexico’s civil aviation authority on Wednesday temporarily suspended flights by Boeing Co’s 737 MAX 8 and MAX 9 aircraft in and out of the country following an Ethiopian Airlines plane crash on Sunday that killed 157 people.
The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases to avoid U.S. sanctions, two sources familiar with the matter told Reuters.
The United States grounded Boeing Co’s money-spinning 737 MAX aircraft on Wednesday over safety fears after an Ethiopian Airlines plane crash that killed 157 people, leaving the world’s largest planemaker facing its worst crisis in years.
Panama’s civil aviation authority on Wednesday temporarily suspended the operations of all Boeing 737 MAX 8 and MAX 9 aircraft in its airspace, following Sunday’s deadly crash of an Ethiopian Airlines plane.
Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world’s second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote.
Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday.
A California jury on Wednesday ordered Johnson & Johnson to pay $29 million to a woman who alleged that asbestos in the company’s talcum-powder-based products, including Johnson’s Baby Powder, caused her mesothelioma, the latest defeat for the healthcare conglomerate which is facing thousands of similar lawsuits.
Walmart Inc plans to introduce a low-priced, kid-friendly electronic tablet under its ONN store brand, Bloomberg reported on Thursday.
A group of investors led by SoftBank Group Corp and Toyota Motor Corp are in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at between $5 billion and $10 billion, according to two sources familiar with the talks.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
