Higher store investments to hit Dollar General profit, shares fall 10 pct
Dollar General Corp will plow back a part of its 2019 profit to revamp its supply chain and add self-checkout lanes at its stores as it competes with online grocers and U.S. chains Walmart Inc and Kroger Co.
Ethiopia crash probe starting in France, families grieve
Investigators in France will begin analyzing the crashed Ethiopian Airlines jet’s black boxes on Friday, seeking clues into a disaster that has angered scores of mourning families and grounded Boeing’s global 737 MAX fleet.
Junior trader files harassment, discrimination lawsuit against UBS
A former junior trader who accused UBS of mishandling a complaint of rape and sexual assault by senior colleagues against her has filed a claim in the UK for damages against the Swiss lender, legal documents seen by Reuters show.
Ethiopian jet’s black box seen damaged but intact in photo
France’s air accident investigation agency on Thursday released a picture of the doomed Ethiopian Airlines jet’s flight data recorder, which appeared to show the crash-proof housing protecting the critical recording chip intact.
Toyota investing $749 million in five U.S. plants, adding 586 jobs
Toyota Motor Corp said on Thursday it will invest $749 million in five U.S. plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup.
Canada’s WestJet cancels 11 flights, impacting 1,200, after 737 MAX grounding
WestJet Airlines said it canceled 11 flights on Thursday impacting 1,200 passengers, following the global grounding of Boeing’s 737 MAX planes because of safety concerns.
U.S. lawmakers told that Boeing MAX 8 and 9 planes grounded for ‘weeks’ at least
U.S. lawmakers said after a briefing with Federal Aviation Administration officials that Boeing 737 MAX 8 and 9 planes will remain grounded for “weeks” at a minimum, until a software upgrade could be tested and installed in all of the planes.
Exclusive: Retailer Pier 1 taps debt restructuring lawyers – sources
Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday, sending shares of the U.S. home furnishing retail chain sharp…
Microsoft targets video game developers, in challenge to Amazon’s cloud dominance
Microsoft Corp on Thursday said it is combining elements of its video gaming and Azure cloud computing businesses to court game developers, an action designed to use the strength of its Xbox gaming franchise to gain ground on cloud services leader Amaz…
Huawei pleads not guilty to U.S. charges in New York court
China’s Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing.
