Wall Street financial firms plan new exchange to challenge NYSE, Nasdaq
A group of financial services firms, including Morgan Stanley , Fidelity Investments and Citadel Securities LLC, have agreed to jointly launch a new low-cost bourse that will rival Intercontinental Exchange Inc’s the New York Stock Exchange and Nasdaq…
Ford plans new wireless tech for cars starting 2022
Ford Motor Co said on Monday it plans to roll out a wireless technology for its new vehicle models in the United States, starting 2022, that will allow direct communication between connected devices.
Exclusive: Aston Martin triggers contingency plans for no deal Brexit
British carmaker Aston Martin has triggered contingency plans to cope with a potentially disorderly Brexit, including hiring a new supply chain chief and preparing to fly in components as well as use ports other than Dover.
ICBC leads Asian jet lessor buying spree: sources
Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus and Boeing raced to end a relatively quiet year with fresh orders.
Huawei sues U.S. firm InterDigital in China over patent practices
InterDigital Inc on Monday said Huawei Technologies Co Ltd filed a lawsuit against it in China, alleging the U.S. technology firm had not licensed its intellectual property on fair terms.
U.S., China could settle immediate trade issues: Ross on CNBC
The United States and China are likely to reach a good settlement over immediate trade issues while agreement on structural trade issues and enforcement will be harder, U.S. Secretary of Commerce Wilbur Ross said on Monday as U.S.-China trade talks res…
Activist Starboard urges Dollar Tree to sell Family Dollar, rejig board
Activist investor Starboard Value LP on Monday called on Dollar Tree Inc to explore a sale of its underperforming Family Dollar business and nominated directors to replace a majority of its board after revealing a stake in the company.
Stock futures flat after Wall Street’s strongest surge in new year
U.S. stock index futures were little changed on Monday after Wall Street’s biggest one-day surge in the new year on Friday, as focus shifted to the latest round of trade talks between the United States and China.
China’s Geely sees sales growth evaporating as car market struggles
China’s most globally high-profile and successful carmaker, Geely, is forecasting flat sales this year, a sharp slowdown from 2018 as the country’s giant auto market struggles with slowing economic growth and more cautious consumers.
Exclusive: Aston Martin triggers Brexit contingencies to prepare for no deal
Aston Martin has hired a supply chain chief and approved Brexit plans to avoid delays by using ports other than Dover and flying in components as the carmaker prepares for a possible no deal in March, its boss told Reuters.
