In trade-secrets trial, subdued Kalanick says Uber trailed in self-driving cars
SAN FRANCISCO (Reuters) – Former Uber Chief Executive Officer Travis Kalanick testified at a trial over technology trade secrets on Tuesday that delays in Uber’s self-driving car development led him to hire a star engineer from rival Waymo as part of a…
Chipotle restaurant sales rise slightly after price increases
(Reuters) – Chipotle Mexican Grill Inc on Tuesday reported a slightly better-than-expected rise in sales at established restaurants, boosted by menu price increases, as it works to regain customer trust after food safety lapses in 2015.
BlackRock says it sees opportunity to take on more market risk
NEW YORK (Reuters) – BlackRock Inc’s Investment Institute said on Tuesday that the swoon in stock markets is “contained” and that it sees an opportunity to take on more risk, particularly in emerging market equities.
Waymo calls ex-Uber CEO Kalanick to testify in U.S. car secrets trial
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo called former Uber Chief Executive Officer Travis Kalanick to testify at trial on Tuesday and publicly address for the first time Waymo’s allegations that Uber stole its self-driving car technology.
Wall Street bounces back in busy trade
(Reuters) – U.S. stocks rebounded in volatile afternoon trading on Tuesday, with major indexes up more than 1 percent following the biggest one-day drops for the S&P 500 and the Dow in more than six years.
Lawsuit claiming Citigroup ran ‘boys club’ dismissed by U.S. judge
NEW YORK, (Reuters) – A federal judge in Manhattan on Tuesday dismissed a lawsuit by a fired Citigroup Inc financial adviser who said the bank’s “culture of gender discrimination” made it clear that “the boys were in charge.”
Icahn calls U.S. stock nosedive ‘rumblings of an earthquake’: CNBC
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn warned on Tuesday that investors have exposure to “way too many derivatives” and called the stock market’s nosedive just “rumblings of an earthquake.”
Bombardier sees Asia-Pacific taking delivery of 2,050 aircraft by 2036
(Reuters) – Asia-Pacific, excluding Greater China, is expected to take delivery of 2,050 aircraft by 2036, according to a forecast by Canadian planemaker Bombardier Inc .
Wall St. rebound fades in busy trade after steep falls
(Reuters) – U.S. stocks fell in volatile afternoon trading on Tuesday after shedding gains, following the biggest one-day declines for the S&P 500 and the Dow in more than six years.
U.S. regulators may ask Congress for virtual currency legislation
WASHINGTON (Reuters) – U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said…
