Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.
Nike’s first quarter shines as direct-to-consumer push gains momentum
Nike Inc’s quarterly revenue and profit beat market expectations on Tuesday as a push to sell sneakers and apparels to consumers through its own stores and online retailers gained pace, boosting margins and sending its shares up 5%.
Thyssenkrupp CEO Kerkhoff to leave, chairwoman Merz to take over
Thyssenkrupp said on Tuesday it will start talks soon to end the contract of current Chief Executive Guido Kerkhoff, whose brief tenure at the submarines-to-car-parts group included four profit warnings and two failed restructuring efforts.
U.S. lawmakers propose $1 billion fund to replace Huawei equipment
A U.S. House panel unveiled bipartisan legislation this week that would authorize $1 billion for small and rural wireless providers to replace network equipment from companies including Huawei Technologies Co Ltd and ZTE Corp that lawmakers say pose a …
Smith & Wesson parent fails to win support for CEO pay raise
In a rare case of shareholder pushback, Smith & Wesson parent American Outdoor Brands Corp on Tuesday failed to win majority support for its rising executive pay, according to a transcript of the gunmaker’s annual meeting.
Wall Street drops; Pelosi says to start formal impeachment inquiry
U.S. stocks fell in volatile trade on Tuesday, giving the S&P 500 its biggest daily drop in a month as a push for the impeachment of U.S. President Donald Trump gained momentum among Democrats in the U.S. Congress.
Oil drops to lowest since Aramco attacks after Trump scolds China
Oil prices plunged more than 2% on Tuesday to their lowest since the Sept. 14 attacks on Saudi Arabia’s key oil facilities, after U.S. President Donald Trump rekindled fears the U.S.-China trade conflict that has crimped energy demand is far from over….
UAW-GM picket lines become 2020 U.S. presidential campaign battleground
Democratic presidential candidate Bernie Sanders is scheduled to join United Auto Workers members on a picket line in Detroit on Wednesday, underscoring the extent to which the longest auto worker strike in nearly 30 years has become a political event….
Chipotle faces more labor complaints at New York City stores
Chipotle Mexican Grill Inc is facing fresh claims that it violated New York City’s labor laws after the city sued the fast casual restaurant chain two weeks ago.
WeWork’s Neumann surrenders control, CEO role following investor revolt
WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank Group Corp and other shareholders turned on him over a plunge in the U.S. office-sharing start-up’s estimated valuation.
