Uber knowingly rented out faulty cars, WSJ says; firm says problem fixed
SINGAPORE (Reuters) – Uber Technologies Inc [UBER.UL] knowingly rented its drivers defective cars at risk of catching fire, the Wall Street Journal reported on Friday, and the ride-hailing firm said it moved to fix the problem after one of the vehicles…
Payrolls for starter, trade war for main?
LONDON (Reuters) – Stocks, gold and most metals headed for a fourth week of gains on Friday, as fresh political woes for U.S. President Donald Trump and the prospect of a trade war with China kept the dollar depressed ahead of U.S. payrolls figures.
Toyota to build $1.6 billion U.S. plant with rival Mazda: source
WASHINGTON/DETROIT (Reuters) – Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said.
Raytheon wins end to whistleblower’s $1 billion satellite lawsuit
(Reuters) – Raytheon Co on Thursday won the dismissal of a $1 billion whistleblower lawsuit accusing the defense contractor of overbilling the U.S. government on a contract for satellite sensors, nearly 1-1/2 years after a federal appeals court revive…
Wal-Mart, Walgreens, CVS turn up the heat on generic drugmaker deals
(Reuters) – The largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc, are wielding more leverage when buying generic drugs, accelerating a decline in prices likely to affect drug companies for some time, indust…
U.S. businesses fear Trump mishandling of China IP, trade probe
WASHINGTON (Reuters) – U.S. President Donald Trump’s threat to investigate China’s intellectual property and trade practices is valid, but his administration may not be up to the delicate task of carrying out a new China probe without sparking a damagi…
Critics of Wisconsin’s proposed Foxconn plant voice concerns
MADISON, Wis. (Reuters) – Wisconsin’s proposed $3 billion incentive package for a new LCD screen plant by Taiwan’s Foxconn is in danger of being pushed through the state’s Republican-controlled legislature too quickly, Democratic critics said on Thursd…
U.S. shale oil producers cannot shake impulse to keep pumping
HOUSTON (Reuters) – With slumping crude oil prices stuck below where they started this year, U.S. shale oil producers have cut more than $1.2 billion from their 2017 spending budgets, even as they pledge to pump more oil.
Yelp to sell Eat24 for $287.5 million, authorizes share repurchase
SAN FRANCISCO (Reuters) – Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, news along with better-than-expected quarterly revenue that drove its shares up more than 18 percent.
Boeing wins $409 million contract to develop next-generation technologies: Pentagon
WASHINGTON (Reuters) – Boeing Co has been awarded a $409 million Air Force contract for next-generation thermal, power and controls, part of a government and industry joint effort to develop revolutionary and innovative technologies, the Pentagon said…
