Dow heavyweight Boeing ending strong decade with whimper
Dow stalwart Boeing Co’s shares have nearly erased their gains for 2019 as the plane maker grapples with the fallout from its sidelined 737 MAX jetliner.
Sacklers withdrew over $10 billion in a decade from Purdue Pharma: New York Times
The Sackler family – owners of Purdue Pharma – transferred more than $10 billion in a decade from the OxyContin maker to its trusts and holding companies, the New York Times reported on Monday, citing a new audit commissioned by the drugmaker.
AT&T says it will continue investing in Mexico: Mexican president
Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with AT&T Inc Chief Executive Randall Stephenson, who assured him the telecommunications firm will continue investing and strengthening its operations in Mexico.
PSA board signs off on Fiat Chrysler merger: source
The board of French carmaker PSA , the owner of Peugeot, approved a binding agreement for a $50 billion merger with rival Fiat Chrysler , a source close to the matter said on Tuesday.
U.S. housing market regaining steam; manufacturing stabilizing
U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.
Ford to invest $1.45 billion in two Detroit plants, add 3,000 jobs
Ford Motor Co said on Tuesday it plans to invest more than $1.45 billion at two of its manufacturing facilities in Detroit to make electric, autonomous and sports utility vehicles, and add 3,000 jobs.
With or without Huawei? German coalition delays decision on 5G rollout
Chancellor Angela Merkel’s conservatives and their Social Democrat partners have delayed until next year a decision on security rules for Germany’s 5G network that could bar China’s Huawei, a highly divisive issue in an unhappy alliance.
PG&E, fire victims waive deadline for governor’s OK of reorganization plan
California wildfire victims and utility PG&E Corp have agreed to waive a Tuesday deadline for securing approval from the state’s governor for the power company’s reorganization plan that contains a $13.5 billion settlement for the victims.
Exclusive: Daimler seeks majority control of its main China joint venture
Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker.
Exclusive: Daimler seeks majority control of its main China joint venture – sources
Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker.
