Tesla reveals computer chip at heart of self-driving initiative
Tesla Inc unveiled on Monday technical details on the computer chip at the center of its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker’s massive investment in the sector will pay off.
U.S. names experts to Boeing certification review panel
U.S. Transportation Secretary Elaine Chao said on Monday she named four experts to a blue-ribbon committee to review the Federal Aviation Administration’s (FAA) aircraft certification process after two deadly Boeing 737 MAX crashes killed nearly 350 pe…
U.S. to end all waivers on imports of Iranian oil, crude price jumps
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.
Brazil’s Petrobras revisits whistleblowers in wake of trading scandal
Brazil’s Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm’s traders in December indicated that efforts to root out corruption had faltered, according to three people …
Starbucks’ China challenger Luckin Coffee files for U.S. listing
Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding.
Samsung delays public rollout of Galaxy Fold phone
Smartphone maker Samsung Electronics Co Ltd said on Monday it will delay the public rollout of its Galaxy Fold without giving a new release date.
Herman Cain withdraws from consideration for Fed seat, Trump says
Herman Cain, facing resistance from his own political party, has withdrawn from consideration for a seat on the Federal Reserve Board, U.S. President Donald Trump said on Monday.
Kraft Heinz hires global brand expert Patricio as CEO
Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies.
U.S. to end all waivers on Iran oil imports, crude price jumps
The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions, sending crude prices to six-month highs on fears the U.S. action could lead to a supply crunch.
Halliburton sees signs of price recovery, shares dip
Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner.
