June 2, 2020

Oil prices inch up ahead of OPEC+ meeting on extended output cuts

Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at […]
June 2, 2020

Geely’s Polestar plans China showroom expansion to compete with Tesla: sources

SHANGHAI Reuters) – Polestar, the premium electric vehicle maker owned by China’s Geely, plans a big expansion of its showroom network in the mainland, sources said, […]
June 2, 2020

Southwest offers buyout packages, temporary leaves to ‘ensure survival’

Southwest Airlines Co on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to “ensure survival” […]
June 1, 2020

Boeing takes Embraer to arbitration over failed aviation deal

Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities filing on Monday […]
June 1, 2020

Facebook staffers walk out saying Trump’s posts should be reined in

Facebook employees walked away from their work-from-home desks on Monday and took to Twitter to accuse Chief Executive Mark Zuckerberg of inadequately policing U.S. President Donald […]
June 1, 2020

U.S. companies issue shares at fastest rate ever, selling the rally

U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled […]
June 1, 2020

U.S. court refuses to shield Volkswagen in diesel scandal lawsuits

A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to […]
June 1, 2020

China tells state firms to halt purchases of major U.S. farm products: sources

China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said […]
June 1, 2020

Nissan sees cost of quitting Barcelona at up to $1.7 billion, source says

Nissan Motor Co has estimated the closure of its plants in Barcelona could cost up to around 1.5 billion euros ($1.7 billion), a union source told […]
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