Airbnb business outside U.S., China had $46 million profit in 2018
Airbnb’s business excluding the United States and China turned a net profit of $46.47 million in 2018 compared with a loss of $97.22 million the previous year, according to an earnings statement the company filed in Dublin, Ireland, and made public on …
Boeing’s top communications official to retire as 737 MAX crisis drags on
Boeing Co’s head of corporate communications, Anne Toulouse, elected to step down from her role and would retire next year, the world’s largest planemaker said on Friday.
Judge leaves door open for Mediaset, Vivendi to reach agreement
A Milan judge gave Italian broadcaster Mediaset and its shareholder Vivendi another week to settle a dispute over plans for a Dutch-based holding to drive Mediaset’s European growth, potentially opening the way to ending a three-year legal battle.
Bayer’s Monsanto pleads guilty to illegal Hawaii pesticide spraying
Monsanto pleaded guilty to spraying a banned pesticide on the Hawaiian island of Maui, and agreed to pay $10.2 million in criminal fines and other payments for the spraying and for illegally storing hazardous waste, U.S. prosecutors said.
Ray Dalio denies report hedge fund Bridgewater has bearish bet on market
Bridgewater Associates’ Ray Dalio said on Friday his hedge fund does not have a net bet that the stock market will fall, taking issue with a story published earlier in the Wall Street Journal.
Federal pension fund says bill banning China investment is discriminatory
The group overseeing a large U.S. federal pension fund said recent legislation aimed at preventing it from investing in China-based companies will deprive its participants of a significant opportunity for retirement returns if passed.
Ban on flavored vapes could lead to loss of 150,000 jobs, $8.4 billion sales hit: report
A potential U.S. ban on e-cigarette flavors could result in a loss of more than 150,000 jobs and a direct sales hit of $8.4 billion, according to a report released on Friday by a vaping industry trade group.
Trump says he alone stopped massive Chinese crackdown on Hong Kong protests
U.S. President Donald Trump said on Friday that he alone was preventing China from crushing protesters in Hong Kong with a million soldiers, as he defended his attempts to strike a trade deal with Beijing amid fears of a Chinese crack down on the demon…
U.S. agency votes 5-0 to bar China’s Huawei, ZTE from government subsidy program
The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China’s Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment.
Peugeot still aims to sign merger deal with Fiat this year: source
French carmaker PSA plans to sign a $50 billion merger deal with Fiat Chrysler Automobiles (FCA) this year, a source with direct knowledge of PSA’s thinking said on Friday, brushing off concerns over a shock lawsuit filed this week.
