Amazon tests delivery in Los Angeles, shipping shares sink
(Reuters) – Amazon.com Inc is testing a program to ship its sellers’ goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses.
Airbus ordered to pay $99 million fine in Eurofighter case
FRANKFURT (Reuters) – German prosecutors have ordered Airbus to pay 81.25 million euros ($99 million) to settle one of two investigations into alleged corruption surrounding the sale of Eurofighter combat jets to Austria in 2003, the two sides said on…
Wall Street sinks for fifth day in six
(Reuters) – Wall Street’s main indexes fell more than 1 percent in early afternoon trading on Friday, deepening losses in the past week that have put all three main U.S. markets in correction territory.
Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources
PARIS (Reuters) – Renault’s Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday – likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlo…
Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of …
Nestle buys majority stake in organic food company Terrafertil
ZURICH (Reuters) – Nestle said on Friday that it has bought a majority stake in Terrafertil, a company selling natural and organic plant based foods.
Exclusive: Amazon eyes new warehouse in Brazil e-commerce push – sources
SAO PAULO (Reuters) – Amazon.com Inc is looking to lease a 50,000-square-meter warehouse just outside Sao Paulo, people familiar with the matter told Reuters, as it steps up its push into Latin America’s biggest retail market, Brazil.
Waymo and Uber settle trade secrets dispute, Uber CEO expresses ‘regret’
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving vehicle unit and ride-hailing firm Uber Technologies Inc settled a bitter legal dispute, allowing Uber’s new chief executive to move past one of the company’s many public controversies.
Airbus agrees to $99 million penalty in Eurofighter Austria case
FRANKFURT (Reuters) – Airbus said on Friday it had agreed to pay a penalty of 81.25 million euros ($99 million) demanded by the Munich public prosecutors office to conclude an investigation into the sale of Eurofighter aircraft to Austria in 2003.
Wall Street struggles for direction in choppy trading
(Reuters) – U.S. stocks indexes were little changed in volatile trading on Friday, after jumping more than 1 percent at the open and then briefly turning negative, as the market struggled for direction.
