Under Pichai, Alphabet’s moonshot projects may face more scrutiny
Alphabet’s leadership change has some investors hoping that the owner of Google will take a hard look at the cash-burning ventures championed by its founders.
Wall Street rebounds on renewed U.S.-China trade optimism
Wall Street gained ground on Wednesday in a broad-based rally as investor sentiment brightened after U.S. President Donald Trump said talks with China on an interim trade deal were going “very well.”
Bombardier on track to meet 2019 Global 7500 business jet delivery targets: executive
Canada’s Bombardier will hit its 2019 delivery targets for its Global 7500 business jet, as the company redirects manpower from other planes to its flagship corporate aircraft program, an executive said on Wednesday.
Elon Musk, at defamation trial, blames ‘pedo guy’ tweet on overwork
Elon Musk said he was overworked when he called a British diver and cave explorer a “pedo guy” in a tweet to his millions of followers, as the Tesla chief executive defended himself on Wednesday at his defamation trial.
BMW sues air conditioning suppliers over price fixing
BMW is suing two of its suppliers over price fixing on air conditioning components, the German carmaker said on Wednesday.
Uber may offer courier services for retail business – CEO Khosrowshahi
Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses.
L’Oreal’s Lancome beefs up stores as luxury cosmetics take off
L’Oreal’s Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics.
PG&E nearing $13.5 billion deal with wildfire victims – BBG
Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter.
Renewed hopes of trade deal push Wall Street higher
Wall Street was set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to signing a “phase one” trade deal.
Exclusive: Saudi Aramco pursues war cover after attacks – sources
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.
