U.S. electric carmaker Tesla’s factory in China’s financial hub of Shanghai will resume production on Feb. 10, a Shanghai government official said on Saturday, adding that authorities would provide assistance to the firm.
Q4 2019 Pandora A/S Earnings Call …read more […]
Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3%, partly due to problems at Boeing Co , which halted production of its 737 MAX planes over safety issues.
(Bloomberg) — Uber Technologies Inc. and Postmates Inc. are unlikely to put a quick stop to a landmark California law they call a monstrous threat to their business models.A judge signaled Friday that she’s inclined to reject a request to temporarily shield the companies from Assembly Bill 5, which is aimed at converting gig-economy workers from independent contractors to employees with benefits.Uber and Postmates sought a preliminary injunction, an order insulating their drivers from A.B. 5’s protections, while they challenge the measure as unfair and unconstitutional. Reclassifying drivers as employees will add 20% to 40% in labor costs, the companies …read more […]
Bank of America Corp kept Chief Executive Officer Brian Moynihan’s 2019 compensation flat at $26.5 million, according a filing on Friday.
(Bloomberg) — PG&E Corp. said it aims to shrink the breadth and duration of intentional blackouts during California’s wildfire season after enduring widespread criticism of its aggressive shutoffs last autumn.The bankrupt company wants to reduce the average geographic reach of deliberate blackouts by one-third and will try to restore power to affected areas 12 daylight hours after unsafe conditions pass. The goals are part of a broader wildfire safety plan that California’s largest utility filed with state regulators Friday.PG&E, forced into bankruptcy after its equipment was blamed for sparking deadly wildfires, took the extreme measure of widespread shutoffs last year …read more […]
U.S. weapons maker Lockheed Martin Corp said on Friday it will not participate in next week’s Singapore Airshow over coronavirus concerns.
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The U.S. is deploying drones and other technology as it scours for potential rare-earths reserves at home and abroad to wean the nation off its dependence on Chinese imports.“We’ve been almost 100% dependent on foreign sources of rare earth elements for industrial applications,” Jim Reilly, director of the U.S. Geological Survey, said. “It’s not only the domestic sources of the resource that we concentrate on. We look for those resources literally across the globe, and then we build collaboration with …read more […]
With the latest drop in rates, a refinance would save borrowers an average $268 a month. …read more […]
Win a free book just for knowing the Oracle of Omaha’s mind Continue reading… …read more […]
Europe’s Airbus SE is likely to acquire Canadian plane and train maker Bombardier Inc’s remaining stake in the A220 passenger jet program, two industry sources said.
Apple Inc is extending its retail store closures in China due to the coronavirus outbreak, even as it worked toward opening its corporate offices and contact centers, the iPhone maker said on Friday.
U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd.
Wall Street fell from record levels on Friday after a four-day rally as investors digested the monthly U.S. jobs report and braced for the next coronavirus developments, but stocks still posted solid gains for the week.
A forensic accountant, Ben Axler has some questions about the cash flow statement. …read more […]
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