New York Times CEO warns publishers ahead of Apple news launch
Apple Inc is expected to launch an ambitious new entertainment and paid digital news service on Monday, as the iPhone maker pushes back against streaming video leader Netflix Inc. But it likely will not feature the New York Times Co.
Lawsuit on hotels’ internet advertising tactics moves forward
A class action lawsuit filed against Hyatt Hotels Corp, Marriott International, Wyndham Hotel Group and two other companies accusing them of conspiring to not compete online as well as harming consumers, survived a motion to dismiss on Thursday.
General Dynamics unit wins $465 million U.S. defense contract: Pentagon
General Dynamics National Steel and Shipbuilding Co has been awarded a $465 million U.S. defense contract related to aircraft carrier maintenance and modernization, the Pentagon said on Thursday.
Nike misses North America revenue estimates, shares drop
Nike Inc missed North America quarterly sales estimates on Thursday, amid higher spending on new products and online initiatives, sending its shares down about 4 percent.
GM to announce $300 million investment in Orion EV/AV plant
General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker’s self-driving Cruise unit, two people familiar with the plans said on Thu…
Nokia says it is not taking on new business in Iran
Finnish telecom equipment maker Nokia does not plan to take on any new business in Iran in 2019, it said in its annual report on Thursday, citing difficulties in dealing with conflicting U.S. and European trade policies.
Wall Street powers world stocks; dollar up on Brexit woes
Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve’s uber-dovish stance as Brexit worries weighed on the euro and sterling.
Wall Street rises as Apple, tech shares climb
An Apple-led tech rally pushed Wall Street higher on Thursday as jitters over the Federal Reserve’s forecast of an economic slowdown were calmed by upbeat economic data.
Boeing to offer safety feature as standard in 737 MAX software upgrade: sources
Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the crashes of Ethiopian and Indonesian planes that killed almost 350 people, two officials briefed on the matter said on Th…
Wall Street powers world stocks; Brexit weighs on sterling
A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve’s uber-dovish stance.
