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Nissan to close U.S. operations for two days next month

December 5, 2019 by  
Filed under News

Japan’s No. 2 automaker Nissan Motor Co said on Thursday its U.S. unit would halt operations for two days next month, as the company tries to reverse a slide in profitability in the country.


Source: Reuters Business News

Boeing says delays on 737 MAX grounding could force it to halt production

December 5, 2019 by  
Filed under News

Significant additional regulatory requirements or delays in returning Boeing Co’s 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in a letter seen by Reuters on Thursday.


Source: Reuters Business News

GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

December 5, 2019 by  
Filed under News

General Motors Co and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.


Source: Reuters Business News

Walmart favors 'reasonable controls' over collection and use of personal data

December 5, 2019 by  
Filed under News

(This December 5 story corrects eighth paragraph to say Walmart does not sell but shares individually identifiable data with third parties)


Source: Reuters Business News

Tiffany profit falls short on weak demand in Americas, Hong Kong

December 5, 2019 by  
Filed under News

Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.


Source: Reuters Business News

Amazon designs more powerful data center chip

December 4, 2019 by  
Filed under News

(This December 3 story has been refiled to correct typo in paragraph 2)


Source: Reuters Business News

Uber may offer courier services for retail business – CEO Khosrowshahi

December 4, 2019 by  
Filed under News

Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses.


Source: Reuters Business News

L'Oreal's Lancome beefs up stores as luxury cosmetics take off

December 4, 2019 by  
Filed under News

L’Oreal’s Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics.


Source: Reuters Business News

PG&E nearing $13.5 billion deal with wildfire victims – BBG

December 4, 2019 by  
Filed under News

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter.


Source: Reuters Business News

Renewed hopes of trade deal push Wall Street higher

December 4, 2019 by  
Filed under News

Wall Street was set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to signing a “phase one” trade deal.


Source: Reuters Business News

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