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  • German cabin crew union plans further strikes at Lufthansa
    on January 18, 2020 at 8:12 pm

    German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany's largest airline and two potential mediators did not yield any results.

  • "You're stealing our water": Germans protest against Tesla gigafactory
    on January 18, 2020 at 7:33 pm

    Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area.

  • With market at record highs, eyes on reports from chipmakers
    on January 18, 2020 at 2:42 pm

    Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.

  • Nokia October warning investigated by local FSA: newspaper report
    on January 18, 2020 at 12:04 pm

    Finland's Financial Supervisory Authority (FSA) has started an investigation into Nokia's sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.

  • Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million
    on January 17, 2020 at 11:54 pm

    Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide.

  • Lawyers for Huawei CFO call Canada prosecutor's arguments 'circular'
    on January 17, 2020 at 11:32 pm

    Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada's policy towards Iran, Meng's lawyers argued in court documents released on Friday.

  • Best Buy starts investigation into CEO's personal conduct
    on January 17, 2020 at 11:10 pm

    U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.

  • Bayer could be close to Roundup settlement, mediator says
    on January 17, 2020 at 10:45 pm

    Bayer could be close to settling more than 75,000 cancer claims related to its Roundup herbicide, with mediator Ken Feinberg on Friday saying he was "cautiously optimistic that a settlement will ultimately be reached."

  • U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
    on January 17, 2020 at 10:44 pm

    The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports.

  • Wall Street hits new highs in strongest week since August
    on January 17, 2020 at 10:36 pm

    Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.