Boeing to invest $33 million in joint venture with COMAC for China plant: China Daily
SHANGHAI (Reuters) – Boeing Co will invest $33 million for a majority stake in a joint venture with Commercial Aircraft Corp of China (COMAC) that will oversee the U.S. planemaker’s new 737 completion plant in China, the China Daily reported.
U.S. slaps duties on Bombardier jets after Boeing subsidy complaint
(Reuters) – The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc’s CSeries jets after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the …
Uber to defend business model at UK tribunal on worker rights
LONDON (Reuters) – Uber [UBER.UL] is expected to tell a British employment appeal tribunal on Wednesday that its drivers are self-employed and not workers entitled to a range of extra benefits, less than a week after the firm was told it would lose its…
Bombardier would not pick up tab for duties on CSeries jet: sources
LONDON/MONTREAL (Reuters) – Canada’s Bombardier Inc is unwilling to swallow the extra cost for airlines if the United States slaps duties on its CSeries jet and is keen to press ahead with the deal that provoked a North American trade spat, people fam…
Alstom, Siemens sign rail deal to create European champion
MUNICH/PARIS (Reuters) – German industrial group Siemens AG and French rival Alstom SA agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd ….
Top NAFTA negotiators join talks as U.S. presents draft text on labor
OTTAWA (Reuters) – The United States on Tuesday unveiled draft text on labor standards during the negotiations on modernizing the North American Free Trade Agreement as top officials from Canada, the United States and Mexico joined talks in Ottawa.
Child urges bankruptcy judge to prevent Toys ‘R’ Us chain from closing
SAN FRANCISCO (Reuters) – The thought of Toys ‘R’ Us closing stores due to its recent bankruptcy filing is too much for one nine-year-old to bear, according to court papers.
Nike’s quarterly profit beats on strong China demand
(Reuters) – Nike Inc reported higher-than-expected quarterly profit on Tuesday, as the world’s largest footwear maker benefited from strong demand in China, its third-biggest market, and cost cuts.
Siemens, Alstom join forces to create European rail champion
FRANKFURT/PARIS (Reuters) – German industrial group Siemens and French rival Alstom agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of Chinese state-owned CRRC .
JPMorgan scores partial win in $1.5 billion GM bankruptcy dispute
WILMINGTON, Del (Reuters) – JPMorgan Chase & Co scored a partial victory on Tuesday in a long-running dispute over the repayment of a $1.5 billion loan it made to General Motors’ bankrupt predecessor, known as ‘Old GM’.
