Daimler to launch electric compact SUV in 2021: CEO
Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker’s CEO said on Tuesday.
General Motors bets a GEM can deliver gold in developing markets
General Motors Co has spent five years re-writing its playbook for making money in Latin America and the interior of China. Now, it’s show time for the first results of a project code-named GEM, for Global Emerging Market.
Oil extends losses into second session; Russia, OPEC output in focus
Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight for market share, checking a recent sharp rally driven by tighter global production.
Japan telco shares jump after Docomo announces smaller-than-feared price cuts
Shares in Japan’s big telcos jumped on Tuesday after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war.
Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday.
Foxconn says Gou will remain chairman, to withdraw from daily operations
Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said Terry Gou will remain chairman of the world’s largest contract manufacturer, though he plans to withdraw from daily operations.
Asia stocks hover below nine month peak after Wall Street stalls
Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.
In South Korea’s struggling Kia Town, ‘bad jobs’ better than no jobs
Park Byung-kyu once led Kia Motor’s union in the city of Gwangju, fighting for labor protections against the powerful, family-run chaebol that dominated the economy during South Korea’s rapid industrialization.
Trump urges ‘rebrand’ of 737 MAX, Boeing has other ideas
U.S. President Donald Trump on Monday urged Boeing Co to “rebrand” its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust.
Hulu buys back AT&T’s stake in $1.43 billion deal
Hulu is buying back wireless carrier AT&T Inc’s 9.5 percent stake in the U.S. entertainment streaming service in a deal valued at $1.43 billion, the two companies said on Monday.
