SoftBank, others in talks to invest $1 billion in Uber’s self-driving unit: WSJ
A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.
Panama’s Copa grounds planes as region’s regulators stand by
Panama’s Copa Holdings said on Wednesday it would suspend operations of its six Boeing 737 MAX 9 aircraft, the latest airline in the region to ground planes in the wake of Sunday’s crash of an Ethiopian Airlines plane.
Sports Direct offers Debenhams loan in return for more equity
Sports Direct said on Wednesday it offered Debenhams an interest-free loan in return for a further 5 percent stake, just as the department store chain was on the brink of securing funds to fend off a bid from Sports Direct’s founder, Mike Ashley, to ta…
Wall Street rises; Boeing up despite U.S. grounding of 737 MAX jets
U.S. stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets.
Trump says he is in no rush to complete China trade deal
U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.
U.S. joins other nations in grounding 737 MAX jets after second crash
The United States on Wednesday joined Europe, China and other countries in grounding Boeing Co’s 737 MAX jets, because of safety concerns after an Ethiopian Airlines plane crash that killed 157 people, the second disaster involving the 737 in less than…
Canadian family loses three generations in Ethiopian plane crash
Three generations of a Canadian family were among the 157 people who perished when Ethiopian Airlines Flight ET 302 crashed on Sunday, a relative confirmed on Wednesday.
Sports Direct proposes alternative loan deal to ailing Debenhams
Sports Direct said on Wednesday it has made an alternative loan proposal to Debenhams, just as the department store chain was on the brink of securing funds to fend off Mike Ashley’s bid to take charge of the company.
Exclusive: Exxon eyes Israel gas bid in major Middle East shift
Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major to operate in the country still technically at war with Gulf Arab states.
U.S. expects software fix for Boeing 737 MAX planes to take months
The United States expects it will take months before a software fix for Boeing 737 Max planes is complete, the acting administrator of the Federal Aviation Administration said on Wednesday, adding that he does not know how long the country’s grounding …
