NTSB says Autopilot engaged in 2018 California Tesla crash
The National Transportation Safety Board (NTSB) said on Tuesday that a Tesla Model S was in Autopilot mode when it struck a fire truck in Culver City, California, one of a series of crashes the board is investigating involving Tesla’s driver assistance…
Austria’s AMS makes $4.8 billion counterbid for Germany’s Osram
Austrian sensor specialist AMS made a 4.3 billion euro($4.8 billion) counter-offer for larger German lighting group Osram on Tuesday, raising the prospect of a bidding war with private equity duo Bain Capital and Carlyle .
Oil sinks as manufacturing reports renew global economy worries
Oil prices fell on Tuesday, with U.S. crude futures down 3% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.
Weak factory data, trade frictions pull Wall Street lower
U.S. stocks fell on Tuesday as data showed factory activity contracted for the first time since 2016 in August, renewing fears that a drawn-out trade war between the United States and China could tip the world’s largest economy into recession.
Wall St. dips, dollar climbs on weak factory data, trade jitters
Wall Street lost ground and the U.S. dollar strengthened to its highest level in more than two years on Tuesday as trade worries persisted and U.S. factory activity entered contraction territory for the first time since February 2016.
U.S. manufacturing shrinks for first time in three years
U.S. manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining as trade tensions weighed on business confidence, which could renew fears of a sharp economic slowdown.
Wall Street falls on weak data, trade frictions
Wall Street fell on Tuesday after data showed U.S. manufacturing sector contracted for the first time since 2016 in August, adding to fears that a protracted U.S.-China trade war could tip the world’s largest economy into recession.
Trump warns China against dragging its feet in trade talks
U.S. President Donald Trump on Tuesday warned he would be “tougher” on Beijing in a second term if trade talks dragged on, compounding market fears that ongoing trade disputes between the United States and China could trigger a U.S. recession.
Austria’s AMS makes $4.8 billion Osram counter offer, outbidding private equity
Austrian sensor specialist AMS launched a bid for Germany’s Osram on Tuesday, valuing it at 4.3 billion euros ($4.8 billion) including debt and beating an offer from private equity firms Bain Capital and Carlyle .
Mediaset’s pan-European plan set to survive Vivendi opposition
Italian broadcaster Mediaset’s plan to reorganize its businesses as part of a pan-European growth strategy is set to be approved by shareholders on Wednesday, despite opposition from the group’s second biggest investor, Vivendi .
