Asia stocks bounce, oil slips as Iran anxiety ebbs
Asian shares rebounded on Tuesday as a day passed without any new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.
Oil dips as markets await Iran response to U.S. killing of military commander
Oil prices edged lower on Tuesday, coming off their highest levels in months as the market calmed while the world braces for Iran’s response to the killing of its top military commander by the United States.
Nissan says it will continue to pursue legal action against Ghosn
Nissan Motor Co Ltd on Tuesday said former Chairman Carlos Ghosn’s flight from Japan would not affect its policy of holding him responsible for “serious misconduct”, renewing its charges against him a day before he was due to speak publicly.
Boeing will reassign 3,000 workers as airlines reach compensation deals over MAX
Boeing Co said Monday that it will reassign 3,000 workers to other jobs as it halts production of the grounded best-selling 737 MAX jet in mid-January.
Impossible Foods to trial plant-based sausage patty with Burger King
Impossible Foods Inc on Monday launched a plant-based sausage patty that will be tested in 139 Burger King restaurants later this month, entering a category dominated by rival Beyond Meat .
Asia stocks attempt a rally as Iran anxiety ebbs
Asian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.
Uber, Hyundai Motor team up to develop electric air taxi
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Tuesday, joining the race for flying cars to ease urban congestion.
Left’s Citron hedge fund posts 43% gain in first year
Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business.
Pier 1 to shut up to nearly half of its stores, raises going concern doubts
Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.
American Airlines, Aeromexico reach compensation deals with Boeing over MAX crisis
American Airlines Group Inc , the largest U.S. airline, on Monday became the latest carrier to reach a settlement with Boeing Co for compensation for damages the airline incurred in 2019 from the ongoing grounding of its fleet of Boeing 737 MAX aircra…
