Thu, Feb 21, 2019
5:38 pmConsumer Reports yanks recommendation for Tesla's Model 3, citing reliability
Consumer Reports on Thursday pulled a recommendation for Tesla Inc's Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment.
5:25 pmWall Street on track to snap recent run of gains after weak data
Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum.
4:51 pmAT&T pulls ads from YouTube over videos exploiting children
AT&T Inc pulled all its advertising from Alphabet Inc's YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation of children.
4:49 pmU.S., China resume trade talks to thrash out structural agreements
The top U.S. and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to reach agreement expires and triggers a new round of tariffs.
4:45 pmFord's Brazil shutdown highlights automakers' woes with excess capacity
Ford Motor Co's oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker's U.S. facilities.
4:24 pmPhiladelphia sues seven big banks, alleges municipal bond collusion
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.
4:18 pmU.S. banks record $59.1 billion in profits in fourth-quarter of 2018
The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter's record level but still up significantly from the prior year, according to data from the Federal Deposit Insurance Corporation.
4:04 pmAirbus pencils in orders for new A321XLR jet: sources
Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market.
3:49 pmU.S. stocks fall on weak economic view; oil, gold fall
Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.
3:45 pmExclusive: U.S., China sketch outlines of deal to end trade war - sources
The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.
3:42 pmNike stumbles into social media storm after basketball star's shoe splits
A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction.
3:12 pmUnited bids for six new slots at Tokyo's Haneda airport
United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo's Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
2:57 pmWeak U.S. data underscore growing headwinds to economy
New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp economic growth.
2:24 pmOil off 2019 highs as U.S. crude stocks build, output hits record
Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth weighed.
2:16 pmFor Sainsbury and Asda, watchdog's analysis leaves merger in serious doubt
Sainsbury's planned 7.3 billion pound ($9.5 billion) takeover of Walmart's Asda can only be salvaged if Britain's competition regulator fundamentally changes its analysis of Britain's grocery market, experts said on Thursday.
2:15 pmAriane 6 rocket sees first commercial deals in race with SpaceX
Ariane 6, Europe's next-generation space rocket, is expected to win its first two commercial launch orders in coming weeks, company officials said, a key milestone as the European launcher vies for orders against Elon Musk's U.S. competitor SpaceX.
2:06 pmNestle investing $115 million to expand Purina factory in U.S.
Nestle is investing $115 million to expand its Purina factory in Bloomfield, in the U.S. state of Missouri, the Swiss foodmaker said on Thursday, as it seeks to increase production of cat litter.
1:54 pmExclusive: Lyft plans to launch its IPO roadshow week of March 18 - sources
Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
1:51 pmSwedish and Estonian watchdogs open joint Swedbank probe
Sweden's and Estonia's financial watchdogs have opened a joint investigation following a media report linking Swedbank to a Baltic money laundering scandal involving Danske Bank, they said on Thursday.
1:47 pmMexico president says no more Pemex oil joint ventures for now
President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies and state energy company Pemex indefinitely, raising doubts about auctions set for October.
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