Tesla’s battery supplier stocks surge on Panasonic’s first Gigafactory profit
Tesla Inc shares and those of its Asian battery suppliers rallied sharply after Panasonic Corp said its automotive battery venture with Tesla was in the black for the first time.
Alphabet shares fall as Google misses on sales, YouTube revenue disappoints
Alphabet Inc’s new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5% as Google’s advertising business and the new data about YouTube and Google Cloud broadly disappointed.
Shares of AirAsia, AirAsia X fall after CEO, chairman step aside
Shares of budget airline AirAsia Group and its long-haul subsidiary, AirAsia X , fell in early trade on Tuesday after the group’s CEO Tony Fernandes and Chairman Kamarudin Meranun said they would step aside for two months.
California lawmaker introduces bill to make PG&E a publicly owned utility
A California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy.
Huawei, ZTE urge U.S. not to impose national security risk labels
Huawei Technologies Co Ltd and ZTE Corp on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.
Asia shares fragile amid China worries, oil sinks
A fragile calm gripped Asian shares on Tuesday as investors waited anxiously to see if Beijing could stem the rout in Chinese assets, while oil hit 13-month lows as the coronavirus throttled demand in the world’s biggest importer of fuel.
Panasonic shares soar on profit at U.S. battery business with Tesla
Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc.
United Airlines suspending U.S.-bound mainland China flights a day earlier
United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday.
Enbridge Line 3 oil pipeline clears hurdles with Minnesota regulator
Enbridge Inc’s Line 3 pipeline replacement cleared important hurdles on Monday when a Minnesota regulator endorsed a revised environmental impact statement for the project.
Minnesota regulator approves certificate of need for Enbridge Line 3 project
The Minnesota Public Utilities Commission on Monday approved a certificate of need for Enbridge Inc’s Line 3 oil replacement project, moving the long-delayed replacement closer to reality.
