Tesla shares, bonds jump after surprise third quarter profit
FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File…
SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying…
McDonald’s posts rare profit miss, shares drop
(Reuters) – McDonald’s Corp (MCD.N) missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed…
Turkey says nothing will come of Halkbank case if law in U.S. works
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) – Nothing will come of a case against Turkey’s state-owned lender…
China says it hopes to reach phased trade pact with U.S. as early as possible
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress…
Drug firms offer to settle U.S. opioid suits with $50 billion package – sources
(Reuters) – Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry helped…
FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration WASHINGTON (Reuters)…
Let’s do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership
BRUSSELS (Reuters) – Chinese telecoms manufacturer Huawei Technologies sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent…
Huawei unveils new 5G antennae ahead of China ramp
ZURICH (Reuters) – Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in…
Boeing CEO says ‘fully supportive’ of board’s move to split jobs: memo
SEATTLE (Reuters) – Boeing Co (BA.N) Chief Executive Dennis Muilenburg told employees he was “fully supportive” of the board’s decision to split his chairman and CEO roles, allowing him to…