January 21, 2020

IBM forecasts full-year profit above estimates on cloud growth

International Business Machines Corp forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly revenue, boosted by its high-margin cloud computing business, […]
January 21, 2020

Michigan, Tesla reach agreement for direct car sales: source

Tesla Inc has reached a settlement with Michigan to allow the electric carmaker to directly sell vehicles in the state, a person familiar with the agreement […]
January 21, 2020

Boeing says 737 MAX may not win approval to return until mid-year, shares drop

Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further […]
January 21, 2020

NYC Transit expects return of Bombardier subway cars to service this week

New York City Transit expects subway cars recently built by Bombardier to return to service this week, after an estimated 300 cars were yanked earlier in […]
January 21, 2020

Exclusive: Philadelphia refinery expected to be sold to real estate developer – sources

The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation […]
January 21, 2020

Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources

Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move […]
January 21, 2020

Brazil’s GOL sees 737 MAX flying by April, compensation talks ongoing

Brazilian low-cost carrier GOL, which has 130 of Boeing’s grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to […]
January 21, 2020

Uber tests feature allowing some California drivers to set fares

Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will […]
January 21, 2020

China virus scare sends shudder through European luxury goods sector

European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had […]
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