China February service sector growth slows to four-month low: Caixin PMI
BEIJING, (Reuters) – Activity in China’s services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private surve…
Uber says to seek permit to restart self-driving pilot in California
SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Thursday it plans to comply with California regulations and seek permits to put its self-driving cars back on the state’s roads, an about-face following the company’s legal spat with state officia…
Banks paid $321 billion in fines since financial crisis: BCG
(Reuters) – Banks across the world have paid about $321 billion in fines since the 2007-2008 financial crisis as regulators stepped up scrutiny, according to a note by the Boston Consulting Group.
U.S. proposes awarding five air carriers new Mexico City slots
WASHINGTON (Reuters) – The U.S. Transportation Department on Thursday proposed awarding 24 slot pairs at Mexico City’s Benito Juarez International Airport to Alaska Airlines, JetBlue Airways Corp , Southwest Airlines Co , Volaris and Grupo Viva Aerobus SAB de CV.
Boeing gets 1,880 union workers to take voluntary layoffs
SEATTLE (Reuters) – Boeing Co has accepted 1,880 voluntary layoffs from its union machinists and engineers in the Seattle area, the unions said on Thursday, part of the jet maker’s drive to cut costs through job reductions and other measures.
Mexico economy minister to meet with Ford, GM in Detroit
MEXICO CITY (Reuters) – Mexico’s economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co and General Motors Co , keeping a frenetic pace of meetings to deter President Donald Trump from punishing Mexican…
Investors see Snap’s IPO as ‘too big to fail’
NEW YORK/SAN FRANCISCO (Reuters) – Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut A…
Amazon blames human error for cloud-service disruption
(Reuters) – Amazon.com Inc blamed human error for the disruption in its cloud services that resulted in widespread glitches for its clients from news sites to government services on Tuesday.
Exclusive: Japan’s Toshiba prepares $2 billion sale of Landis+Gyr – sources
FRANKFURT/BERLIN/ZURICH (Reuters) – Japan’s Toshiba Corp is preparing a potential $2 billion divestment of smart meter group Landis+Gyr, hoping to rake in capital after a major writedown on its U.S. nuclear unit last month, three people familiar with …
U.S. authorities raid Caterpillar’s Illinois facilities
CHICAGO (Reuters) – Federal law enforcement officials conducting a criminal probe of heavy machinery manufacturer Caterpillar Inc searched three of its facilities on Thursday, prompting a sharp sell-off in the company’s stock.
