Stocks falter on trade uncertainty; sterling gains
The dollar slid and global equity markets faltered on Thursday as investors dismissed solid economic data and again fretted about the likelihood of a “phase one” trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days.
GM, LG Chem set $2.3 billion electric vehicle battery venture in Ohio
General Motors Co .and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
Beyond Meat burgers to be sold at some Costco stores
Beyond Meat Inc said on Thursday that its burgers will be sold at some Costco Wholesale Corp stores, in the plant-based meat maker’s latest move in an increasingly competitive battle for retail shelf-space.
United Auto Workers union names reformer Gamble president until 2022
The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union until June 2022 as he pledged a series of reforms following a criminal investigation into illegal payoffs that has rocked the union.
U.S. trade deficit at 1-1/2-year low; labor market strong
The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a fall in imports of consumer goods hinted at a slowdown in domestic demand.
GM, LC Chem set $2.3 billion electric vehicle battery venture in Ohio
General Motors Co .and South Korea’s LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities.
UAW names Rory Gamble to serve as president until 2022
The United Auto Workers union international executive board on Thursday named the acting president Rory Gamble to serve in the job until June 2022 after its previous president resigned last month.
Billionaire Lawrence Stroll seeks big stake in Aston Martin: report
Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin , Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday.
United Airlines picks Scott Kirby to replace Oscar Munoz as CEO
United Airlines Holdings Inc on Thursday named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive chairman in May 2020.
Wall Street opens higher for second straight session
Wall Street’s main indexes opened higher for the second straight session on Thursday on brighter hopes of a preliminary trade deal between the United States and China.
