GE’s digital unit to sell majority stake in ServiceMax
General Electric Co on Thursday said its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management, to technology-focused private equity firm Silver Lake.
U.S. carrier Delta Air Lines expects fuel expenses to drop in 2019
U.S. carrier Delta Air Lines Inc on Thursday forecast a $300 million drop in fuel expenses for 2019 and said it expects robust air travel demand to boost profit for the year.
Qualcomm to file suits in Chinese courts to ban sales of iPhone XS and XR: Financial Times
Qualcomm Inc is asking courts in China to ban sales of Apple Inc’s latest iPhone models XS and XR after winning a preliminary injunction against older models, the Financial Times reported on Thursday.
Futures ease off from trade optimism-fueled jump
U.S. stock futures were little changed on Thursday, easing from gains earlier in the session, with investors increasingly taking a wait-and-see approach as the United States and China make progress on resolving their bitter trade dispute.
UK’s Nissan Brexit letter still too confidential to release two years on: FOI
A British government letter to Nissan two years ago offering reassurances about Brexit, which helped secure a major investment from the Japanese carmaker, is still considered too sensitive to release, a Reuters freedom of information request revealed.
ECB stops its printing presses even as growth concerns rise
The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil.
ECB formally ends QE, keeps reinvestments open-ended
The European Central Bank decided on Thursday to formally end its 2.6 trillion euro ($2.95 trillion) bond purchase scheme but said it would keep reinvesting cash from maturing bonds for a long time after its first interest rate hike.
Oil falls below $60 a barrel as inventories stay high
North Sea Brent crude oil fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles.
Apple to build new $1 billion campus in Austin
Apple Inc said on Thursday it would spend $1 billion to build a second campus in Austin, Texas that will house as many as 15,000 workers, amid a broader push by many U.S. companies to create more jobs at home.
China’s auto sales in 2019 to roughly match 2018: industry association
China, the world’s biggest car market, expects to sell 28 million vehicles in 2019, roughly level with 2018, its Association of Automobile Manufacturers said on Thursday.
