SpaceX to lay off about 10 percent of its workforce: source
Elon Musk’s SpaceX will lay off about 10 percent of its more than 6,000 employees, a source familiar with the matter said on Friday.
Slashed profit expectations may set stage for gains
There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock.
Apple demanded $1 billion from Qualcomm for chance to win iPhone
Apple Inc asked for $1 billion as an “incentive payment” from Qualcomm Inc in order for Qualcomm to become the supplier of modem chips for Apple’s iPhone, Qualcomm’s chief executive testified on Friday at a trial with U.S. antitrust regulators.
Disney CEO stock award worth as much as $149.6 million in 2018
Walt Disney Co Chief Executive Officer Robert Iger earned stock grants worth as much as $149.6 million in 2018, including awards related to Disney’s purchase of film and television assets from Twenty-First Century Fox , according to a regulatory filin…
Nissan China chief Jose Munoz resigns amid broadened Ghosn probe
Nissan Motor Co Ltd’s head of China operations Jose Munoz has resigned following reports that the Japanese automaker has broadened its investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct.
Huawei Canada executive leaves post as scrutiny of company grows
One of Huawei Canada’s top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies.
U.S. stocks pause after five-day rally; dollar rebounds
Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates….
Microsoft wins $1.76 billion defense contract: Pentagon
Microsoft Corp has been awarded a five-year contract worth $1.76 billion for delivering enterprise services for the Defense Department, Coast Guard and intelligence services, the Pentagon said on Friday.
GE unit wins $450 million U.S. defense contract: Pentagon
GE Medical Systems Information Technologies Inc, a unit of General Electric Co, has been awarded a $450 million U.S. defense contract for patient monitoring systems, accessories and training, the Pentagon said on Friday.
Nissan executive Jose Munoz resigns amid broadened Ghosn probe
Nissan Motor Co Ltd’s Chief Performance Officer Jose Munoz has resigned, a company spokesman said on Friday in an emailed statement to Reuters.
