March 22, 2019

Daimler taps Goldman to raise China BAIC shareholdingsources

Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people […]
March 22, 2019

U.S. corporate breakups could be catalyst to change Dow index

Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of […]
March 22, 2019

UPS eyes in-home health services with U.S. vaccine project

LOUISVILLE, Ky. – United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. Powered by WPeMatico
March 22, 2019

China’s auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

China’s major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest […]
March 22, 2019

American Airlines pilots expect to test 737 MAX software fix in Boeing simulator

American Airlines pilots expect to test Boeing Co’s 737 MAX software fix on simulators this weekend, the pilots’ union told Reuters on Thursday, a key step […]
March 22, 2019

Indonesia’s Garuda asks to cancel $6 billion 737 MAX order, considers other Boeing jets: CFO

National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX 8 narrowbody jets, Garuda Chief Financial […]
March 22, 2019

Chinese smartphone firms jazz up products, seize turf in home market from Apple

Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. Powered by WPeMatico
March 22, 2019

Asian shares hit 6-1/2-month high on tech hopes, U.S. data

Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the […]
March 22, 2019

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote

Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. […]
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