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French prosecutors step up Ghosn probe over palace party, Oman dealings

February 19, 2020 by  
Filed under News

French prosecutors said on Wednesday they had assigned a judge to formally investigate various allegedly suspect financial dealings linked to Renault , which a judicial source said were related to the carmaker’s former boss Carlos Ghosn.


Source: Reuters Business News

Airbus defense division plans to cut more than 2,300 jobs

February 19, 2020 by  
Filed under News

The defense business of Airbus on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market and postponed defense contracts.


Source: Reuters Business News

Stocks scale fresh peaks on slowing virus, dollar gains

February 19, 2020 by  
Filed under News

The dollar gained while U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on expectations of Chinese stimulus to counter a slowdown in growth.


Source: Reuters Business News

Boeing heads to court to oppose release of 737 MAX documents

February 19, 2020 by  
Filed under News

Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters involving the now-grounded plane.


Source: Reuters Business News

S&P 500, Nasdaq scale new highs on China stimulus hopes, drop in new virus cases

February 19, 2020 by  
Filed under News

The S&P 500 and the Nasdaq hit fresh highs on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy.


Source: Reuters Business News

Virgin Galactic's stock soars, fueled by retail investors

February 18, 2020 by  
Filed under News

Virgin Galactic Holdings Inc shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought.


Source: Reuters Business News

Oil dips on virus impact, OPEC+ delay

February 18, 2020 by  
Filed under News

Oil prices edged lower on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market.


Source: Reuters Business News

Wall Street skids after Apple's shock sales warning

February 18, 2020 by  
Filed under News

U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains.


Source: Reuters Business News

Alstom, Bombardier shares fall after $6.7 billion rail deal

February 18, 2020 by  
Filed under News

Shares of Alstom SA and Montreal-based Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.


Source: Reuters Business News

Coronavirus dents bookings for Holiday Inn owner IHG

February 18, 2020 by  
Filed under News

InterContinental Hotels (IHG) warned on Tuesday that fewer travellers are booking its rooms in China because of the coronavirus outbreak.


Source: Reuters Business News

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