Ford to launch plug-in car in China next year, electrify most by 2025
BEIJING (Reuters) – Ford Motor Co said it would launch a plug-in hybrid car in China in 2018 and a fully electric sport-utility vehicle in the next five years, as it works toward electrifying most of its lineup in the world’s biggest auto market by 20…
Traders bet their oil storage assets that OPEC cuts will work
LONDON (Reuters) – The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply.
Big miners have trouble joining technology revolution
SANTIAGO/LONDON (Reuters) – Mining companies chasing the kind of technological breakthroughs made long ago in the manufacture of cars and mobile phones have unveiled eye-catching innovations ranging from vast drills and remote-controlled trucks to seco…
Twitter creates ‘lite’ version for data-starved users
SAN FRANCISCO (Reuters) – Twitter Inc is launching a faster version of its mobile service on Wednesday aimed at people with sporadic connections or little data on their smartphone plans, hoping to pick up users in harder-to-reach emerging markets.
Gary Cohn supports splitting lending and investment banks: Bloomberg
(Reuters) – White House economic adviser Gary Cohn said in a private meeting with lawmakers that he supports a policy that could revamp Wall Street’s biggest firms by separating their consumer-lending businesses from their investment banks, Bloomberg r…
China court orders Samsung units to pay $11.6 million to Huawei over patent case
HONG KONG (Reuters) – A Chinese court has ordered Samsung Electronics’s mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies [HWT.UL] for patent infringement, the China firm’s first victory against Samsung on its legal …
Australian regulator sues Apple alleging iPhone ‘bricking’
SYDNEY (Reuters) – Australia’s consumer watchdog has sued Apple Inc alleging it used a software update to disable iPhones which had cracked screens fixed by third parties.
Bezos is selling $1 billion of Amazon stock a year to fund rocket venture
COLORADO SPRINGS, Colo. (Reuters) – Amazon.com founder Jeff Bezos said on Wednesday he is selling about $1 billion worth of the internet retailer’s stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minu…
Stocks, dollar edge higher ahead of Trump-Xi meeting
NEW YORK (Reuters) – Global equity markets and the dollar edged higher on Thursday, helped by fresh data showing a tighter U.S. labor market, as investors stayed cautious before the first meeting between U.S. President Donald Trump and his Chinese coun…
Cisco CEO nominated to bring tech chops to BlackRock board
NEW YORK (Reuters) – BlackRock Inc , the world’s largest asset manager, on Wednesday said Cisco Systems Inc Chief Executive Chuck Robbins has been nominated to serve on its board of directors.
