Qualcomm’s joint venture with Chinese province to shut down: The Information

FILE PHOTO: A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song (Reuters) – A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Guizhou province will shut down by the end of the month, The Information […]

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Tesla’s Elon Musk, SEC get another week to work out deal on Twitter use

NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk’s use of Twitter, a federal judge ruled Thursday. FILE PHOTO: Tesla CEO Elon Musk arrives at Manhattan federal court for a hearing on his fraud settlement with the […]

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Hudson Media chief James Cohen to buy National Enquirer

(Reuters) – American Media Inc (AMI) said on Thursday it is selling its tabloid the National Enquirer to James Cohen, chief executive officer of Hudson Media. U.S. tabloid newspaper the National Enquirer display rack is seen in Washington, U.S., April 10, 2019. REUTERS/Jeenah Moon The National Enquirer had admitted to paying hush money to help […]

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Exclusive: Spain’s Repsol suspended swap deal for Venezuelan oil under U.S. pressure

HOUSTON/MEXICO CITY (Reuters) – Spain’s Repsol suspended its swaps of refining products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weighed penalties for foreign firms doing business with Venezuela. FILE PHOTO: The corporate logo of Repsol is seen in their office in Caracas, Venezuela April 25, […]

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U.S. trade agency sees 76,000 new auto jobs from North American trade deal

FILE PHOTO – The 2019 Chrysler Pacifica minivans move down the assembly line the FCA Windsor Assembly plant in Windsor, Ontario, Canada October 5, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest […]

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Honeywell expects Boeing 737 MAX deliveries to resume in the second half of 2019

FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson (Reuters) – Honeywell International Inc on Thursday said it expects the production rate and deliveries of Boeing Co’s 737 MAX jets to resume in the second half of […]

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Blackstone to switch from a partnership to a corporation

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid NEW YORK (Reuters) – Blackstone Group LP, the world’s largest manager of alternative assets such as private equity and real estate, […]

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Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles

NEW YORK (Reuters) – Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the New […]

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Nestle keeps upbeat tone as first quarter growth accelerates

FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse ZURICH (Reuters) – Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and China helped it post better-than-expected sales growth in the first […]

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Boeing making ‘steady progress’ on path to 737 MAX software certification: CEO

WASHINGTON/CHICAGO (Reuters) – Boeing Co is making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday. FILE PHOTO: Boeing Chairman, President and CEO Dennis Muilenburg speaks during a delivery celebration of the […]

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