BMW picks Oliver Zipse as new CEO
FRANKFURT (Reuters) – BMW (BMWG.DE) said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric…
U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up a deal by the end of next week to sell…
Netflix sinks on subscriber losses, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock…
U.S. solar sector launches lobbying push to preserve key subsidy
(Reuters) – The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax credit for solar energy systems that is set…
Stocks gain on Fed rate cut optimism; oil drops
NEW YORK (Reuters) – A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a…
Malnutrition, disease kill at least 139 displaced in Indonesia’s Papua – group
JAKARTA (Reuters) – Thousands of people in Indonesia’s easternmost province of Papua have been displaced by fighting between soldiers and separatists, and at least 139 of them have died from…
Amazon U.S. rivals get sales boost on Prime Day: Adobe
(Reuters) – Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc’s Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics…
UAW president to GM: We invested in you, now invest in us
DETROIT (Reuters) – The UAW and General Motors Co (GM.N) on Tuesday formally kicked off contract talks, with the union’s president calling on the automaker to keep open plants it…
Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
BEIJING (Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a…
Bitcoin tumbles as U.S. senators grill Facebook on crypto plans
LONDON (Reuters) – The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S. lawmakers grilled Facebook (FB.O) on its cryptocurrency plans, as political…