Toyota to build prototype city of the future in Japan
Toyota Motor Corp said on Monday it planned to build a prototype “city of the future” at the base of Japan’s Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, “smart homes,” artificial intelligence and other…
Pier 1 to close stores and cut jobs, raises going concern doubts
Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to 450 stores, cut jobs and warned about its ability to continue as a going concern.
American Airlines reaches settlement with Boeing for 737 MAX compensation in 2019
American Airlines Group Inc said on Monday it had reached a confidential agreement with Boeing Co to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft.
Gold surges on Mideast risk but stocks pare losses
Gold prices shot to an almost seven-year high on Monday as U.S.-Iranian tensions drove demand for safe-haven assets and pushed a gauge of global equity markets lower, but shares on Wall Street rebounded on a less worrisome view of events.
Oil steadies as market ponders Iran’s next move
Oil prices steadied on Monday after Brent touched above $70 a barrel on rhetoric from the United States, Iran and Iraq that fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.
JetBlue to become carbon neutral in 2020
JetBlue Airways Corp on Monday said it plans to become carbon neutral on all domestic flights by July 2020 and would use an alternative fuel source for flights leaving from San Francisco amid rising pressure to cut greenhouse emissions.
Wall St. brushes off Middle East tensions as tech-related shares gain
U.S. stocks ended higher on Monday, rebounding from Friday’s losses as investors brushed aside increased tensions in the Middle East, while shares of Alphabet and other internet names gained.
Occidental to cut Western Midstream stake to reduce debt
Occidental Petroleum Corp said on Monday it would cut its majority stake in pipeline operator Western Midstream Partners LP to less than 50% in 2020, to reduce its debt that grew significantly with the Anadarko Petroleum Corp deal.
Xerox secures $24 billion financing for proposed HP takeover
Xerox Holdings Corp said on Monday it has secured $24 billion in financing for its $33.5 billion takeover offer for HP Inc , a deal that the personal computer maker is opposing.
Qualcomm launches autonomous driving computer, aiming to hit roads by 2023
Qualcomm Inc on Monday announced a computing system for autonomous vehicles designed to handle everything from lane controls to full self-driving that it aims to have on the road by 2023.
