Fate of Ohio car plant to be settled with union next year: GM
General Motors Co said on Thursday the fate of its Lordstown, Ohio, car assembly plant, which Tesla Inc Chief Executive Elon Musk has suggested he might buy, is a matter to be settled with the plant’s union next year.
U.S. weekly jobless claims rise; mid-Atlantic factory activity slows
The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
Apple to pull some iPhones from German stores after court ruling
Apple Inc said it would pull some iPhone models from its German stores after a court there ruled on Thursday that Apple infringed a hardware patent of Qualcomm Inc and banned sales of iPhones in Germany with chips from Apple supplier Qorvo Inc.
Walgreens’ cost-cut plans aim to save more than $1 billion annually
Walgreens Boots Alliance Inc said on Thursday it would consolidate warehouses and shut some stores as part of a cost-cutting plan aimed at saving more than $1 billion annually.
Indian regulator orders Johnson & Johnson to stop using raw material to make Baby Powder in India: source
India’s drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder using raw materials in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday.
German court rules Apple infringed Qualcomm patent
A German court ruled on Thursday that iPhone maker Apple Inc infringed a hardware patent of Qualcomm Inc and said the U.S. company could no longer sell some iPhone models in Germany which contain a particular component.
Equities languish as Fed heightens worry over growth slowdown
World equity markets continued a weeklong slide on Thursday amid investor concerns after the U.S. Federal Reserve indicated it was set on its interest rate-hiking path next year even amid signs global economic growth is stuttering.
Weak earnings add to Wall Street’s Fed-triggered slide
U.S. stocks slipped on Thursday, continuing their declines from a day earlier, as a batch of disappointing earnings reports added to the gloom after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike trajectory.
ExxonMobil shelves Canada LNG export project
U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export terminal in Canada from the environmental assessment process, it said on Thursday, signaling that the project has been shelved.
Tokyo court’s ruling clears way for possible release of ex-Nissan boss Ghosn
A Tokyo court unexpectedly ruled not to extend the detention of Nissan’s ex-chairman Carlos Ghosn on Thursday, meaning he may soon be released from jail where he has been since last month facing allegations of financial misconduct.
