Daimler buys Torc Robotics stake in self-driving trucks push
Daimler Trucks has agreed to buy a majority stake in autonomous truck software maker Torc Robotics as part of a broader push to develop self-driving vehicles.
AstraZeneca pays up to $6.9 billion in Daiichi Sankyo cancer deal
AstraZeneca Plc will pay up to $6.9 billion to work with Daiichi Sankyo Co Ltd on a hotly-tipped experimental treatment for breast cancer, in a direct challenge to the world’s biggest cancer drug maker Roche.
Stocks gain on trade hopes, set for best quarter since 2012
Global shares rose on Friday amid optimism over trade talks between the United States and China and were headed for their best quarterly performance since 2012, while bond yields rose after worries about growth led to a prolonged decline.
In market debut, Lyft counters Uber with ‘nice guy’ image
Lyft Inc has been challenging larger ride-hailing rival Uber Technologies Inc for years by cultivating an image of caring more for its drivers, riders and the environment. As the company debuts in the stock market on Friday, it hopes to convince invest…
Futures higher on trade optimism; inflation data awaited
U.S. stock index futures rose on Friday, the last trading day of the quarter, as the latest round of U.S.-China trade talks ended on a positive note and investors awaited inflation data.
Cost of Boeing groundings rises as TUI takes $200 million-plus hit
Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore confidence in its best-selling model after two fatal crashes that have grounded the planes worldwide.
BP CEO Dudley’s 2018 pay slips to $14.7 million
BP Chief Executive Bob Dudley’s pay package slipped to $14.7 million last year from $15.1 million in 2017, even though the oil and gas company’s profits doubled to a five-year high.
H&M shares fly off the shelves as turnaround strategy shows promise
Fashion retailer H&M reported a much smaller than expected fall in quarterly profit on Friday as it sold more products at full price and margins held up, in a first sign that its turnaround strategy is producing results.
Exclusive: Chinese EV car maker NIO restricts its IPO banks from working for rivals – sources
Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people with direct knowledge of the matter said.
TUI warns on profit after 737 MAX grounding, shares plunge
TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing’s 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane.
