UPS inks electric van deal with Arrival, to test Waymo automation
United Parcel Service Inc said on Wednesday it was ordering 10,000 electric delivery trucks from UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tailpipe pollution.
CalTech wins $1.1 billion jury verdict in patent case against Apple, Broadcom: source
The California Institute of Technology on Wednesday won a $1.1 billion jury verdict in a patent case against Apple and Broadcom , a Caltech legal team source said.
Oreo maker Mondelez sees coronavirus hurting first-quarter sales
Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday said it expects first-quarter revenue will be impacted by the coronavirus spreading across China, and it has temporarily closed two factories.
Jaguar Land Rover CEO Ralf Speth to step aside in September: FT
Jaguar Land Rover’s Chief Executive Officer Ralf Speth will step down in September when his contract ends, but will retain an advisory role at the British carmaker, the Financial Times reported on Wednesday.
Facebook reaches $550 million settlement in facial recognition lawsuit
Facebook Inc said on Wednesday it reached a $550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.
Facebook misses expectations for cost control, revenue growth slowing
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
What’s next for the Federal Reserve’s balance sheet?
The Federal Reserve will keep injecting cash into the banking system and buying billions of dollars of Treasury bills for a few more months, but it aims to start dialing back on both in the second quarter, Chair Jerome Powell said Wednesday.
Mondelez sees first quarter revenue hit on coronavirus outbreak
Oreo maker Mondelez Inc said on Wednesday it expects a hit to its first quarter revenue from a new coronavirus outbreak in China which has killed over 130 people.
Coronavirus outbreak poses risk to U.S. Fed’s economic outlook
The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China’s economic growth at least in the near term and could hurt its trading partners around the world.
ADM fourth-quarter profit beats estimates on biodiesel, consumer trends
U.S. grains trader Archer Daniels Midland Co’s fourth quarter profit topped Wall Street expectations on Wednesday, driven by its nutrition business and refined products unit, which includes biodiesel and food oils.
