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Updated: 16 hours 43 min ago

Facebook's Zuckerberg drops annual challenges to focus on longer-term goals

Fri, 01/10/2020 - 02:16
Facebook Inc Chief Executive Officer Mark Zuckerberg said on Thursday he was dropping his annual challenges this year to take a longer-term focus on the decade ahead.

Lockheed Martin names Steven Walker as chief technology officer

Fri, 01/10/2020 - 01:44
Weapons maker Lockheed Martin Corp on Thursday named Steven Walker as its chief technology officer.

Oil eases as focus shifts from Iran tensions to U.S. crude build

Fri, 01/10/2020 - 01:30
Oil prices retreated further on Thursday, adding to sharp losses in the previous session as the market shifted focus toward rising U.S. crude stocks and away from worries about the conflict between the United States and Iran.

Boeing may have to lower 787 Dreamliner production rate - Air Lease CEO

Fri, 01/10/2020 - 01:14
Boeing Co could be forced to cut production of its bigger 787 Dreamliners to 10 aircraft per month, amid a drought of orders from China, U.S. airplane leasing firm Air Lease Corp Chief Executive Officer John Plueger said on Thursday.

Exclusive: Royal Dutch Shell seeking buyer for Anacortes, Washington refinery - sources

Thu, 01/09/2020 - 23:27
Royal Dutch Shell Plc is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter.

Uber partners with Hyundai on electric air taxi

Thu, 01/09/2020 - 22:34
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion.

Trump says he may wait to finish Phase 2 China trade deal until after November

Thu, 01/09/2020 - 22:31
U.S. President Donald Trump on Thursday said his administration will start negotiating the Phase 2 U.S.-China trade agreement soon but that he might wait to complete any agreement until after November's U.S. presidential election.

Mercedes-Benz poised to clinch premium sales crown for 2019

Thu, 01/09/2020 - 22:24
Daimler sold 2.34 million Mercedes-Benz passenger cars in 2019 for a ninth consecutive year of record sales, it said on Thursday, putting the German carmaker in pole position to retain the title of biggest-selling premium car brand.

Airbus boosts output at U.S. plant amid tariff dispute

Thu, 01/09/2020 - 22:20
Airbus will increase production of A320-family jets at its Mobile, Alabama, plant to seven a month by the beginning of 2021, adding 275 jobs, the European planemaker said on Thursday.

Fugitive ex-Nissan boss Ghosn hits out at carmaker and Japan

Thu, 01/09/2020 - 08:40
Carlos Ghosn, speaking publicly for the first time since his dramatic escape from Japanese justice, said on Wednesday he had been treated "brutally" by Tokyo prosecutors and was the victim of an inside job to oust him from the helm of automaker Nissan.

Ghosn says can help Lebanon as gets prosecutor summons

Thu, 01/09/2020 - 08:40
Ex-Nissan boss Carlos Ghosn has been summoned for questioning by a Lebanese public prosecutor over an Interpol notice issued by Japan calling for his arrest on financial misconduct charges after he fled last month ahead of his trial.

Ghosn - I thought Versailles palace party venue was a gift

Thu, 01/09/2020 - 08:40
Former Nissan-Renault boss Carlos Ghosn said on Wednesday he had not initially paid to hold a family party in the grounds of the sumptuous Versailles Palace because he thought the palace was offering him the use of the venue for free.

Ghosn - Seeds of Renault-Nissan crisis were sown by Macron's move

Thu, 01/09/2020 - 08:40
Ex-Nissan boss Carlos Ghosn said on Wednesday that a surprise corporate move, orchestrated five years ago by French President Emmanuel Macron who was then economy minister, soured relations between Renault and Nissan and contributed to his ouster.

Seeking justice - the legal risks facing fugitive Carlos Ghosn

Thu, 01/09/2020 - 08:40
Carlos Ghosn said on Wednesday he was the victim of a conspiracy to oust him from the helm of automaker Nissan and escaped from Japan because he could not defend himself against baseless charges of financial misconduct.

Japan minister launches counterattack after Ghosn blasts justice system

Thu, 01/09/2020 - 08:40
Japan's justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country's legal system as allowing him "zero chance" of a fair trial as he sought to justify his escape to Beirut.

Asian shares erase losses as Mideast tensions ease, oil ticks up

Thu, 01/09/2020 - 08:00
Asian stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays.

Oil edges up after plunge, as market recovers poise

Thu, 01/09/2020 - 07:52
Oil prices rose on Thursday, recouping some of the heavy losses from the previous session as the market rebalanced after Washington and Tehran looked to defuse a potential Middle East crisis.

Tesla's market value zooms past that of GM and Ford - combined

Thu, 01/09/2020 - 06:52
For the first time, Tesla Inc's stock market value has eclipsed the combined values of General Motors Co and Ford Motor Co .

Gold little changed as fears of larger U.S.-Iran conflict ease

Thu, 01/09/2020 - 06:48
Gold prices were steady on Thursday, retreating from the near seven-year peak hit in the previous session, as a softening rhetoric by the United States and Iran allayed concerns of a larger military conflict.

Gold tumbles as Trump allays Middle East worries

Thu, 01/09/2020 - 06:45
Gold shed over 1% after vaulting above the $1,600 level for the first time in nearly seven years on Wednesday after remarks by U.S. President Donald Trump eased fears of a larger conflict with Iran.

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