Walgreens to link up with FedEx on next-day drug delivery as Amazon nears
Walgreens Boots Alliance said on Thursday it would partner with FedEx Corp to launch a next-day delivery service for prescription drugs nationwide, giving it a leg up as Amazon threatens to shake-up the sector.
Lion Air CEO says possible will cancel Boeing 737 MAX orders
Indonesia’s Lion Air is considering cancelling orders for Boeing Co 737 MAX jets following a crash that killed 189 people in October but has not yet made a decision, the airline’s CEO Edward Sirait said on Thursday.
Wall Street opens lower as Huawei executive arrest fans trade worries
U.S. stocks tumbled at open on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
U.S. trade deficit hits 10-year high; private hiring slows
The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been in…
Sears Chairman Lampert offers to buy bankrupt retailer
Sears Holdings Corp Chairman Eddie Lampert’s ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday.
What is China’s Huawei Technologies and why is it controversial?
The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a …
Noble Group’s $3.5 billion restructuring at risk as authorities block new listing
Noble Group’s $3.5 billion debt rescue plan was thrown into doubt on Thursday when Singapore authorities said they would block the re-listing of shares in what was once Asia’s top commodity trader.
Auto supplier Bosch sees car market stagnating in 2019
German auto supplier Bosch expects global car production in 2019 to languish at this year’s level, the head of its core auto parts unit said on Thursday, citing a cool-down in China and lower demand for diesel cars in Europe.
OPEC agrees tentative oil cut, waits for Russia to commit
OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
Ericsson software glitch hits mobile services in Britain and Japan
Ericsson said it was working with mobile companies in Britain and Japan to restore full service to millions of customers hit by outages caused by a software glitch in the Swedish company’s equipment.
