GM, Honda to announce fuel cell technology advance: sources
DETROIT (Reuters) – General Motors Co and Honda Motor Co are expected on Monday to announce an expansion of their collaboration on fuel cell technology development, people familiar with the plans said following a notice of a press conference.
Bosch, Cisco, BNY Mellon, others launch new blockchain consortium
NEW YORK (Reuters) – Cisco Systems Inc , Bosch Ltd and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve “internet of things” applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology.
U.S. supermarket shares dip after Trump threatens Mexico trade
SAN FRANCISCO (Reuters) – Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers.
Citigroup quietly launches small business lending website
(Reuters) – Citigroup Inc has quietly launched a website to make small business loans of up to $1 million, the latest effort by a big bank to make the process of smaller loans more technology-friendly.
GM to cut 625 jobs in Canada, move some work to Mexico: union
TORONTO (Reuters) – General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July as it moves some production work to Mexico, the president of Canada’s largest auto workers union said on Friday.
Nasdaq amends disputed fee proposal for key stock market data
NEW YORK (Reuters) – Nasdaq Inc no longer plans to charge additional fees to access key data essential for stock market operations following complaints of price gouging from other exchanges, trading firms and an industry trade group, according to a re…
Pentagon starts cost-cutting reviews of F-35, presidential aircraft
WASHINGTON (Reuters) – U.S. Defense Secretary James Mattis ordered cost-cutting reviews of two major aircraft acquisition programs, the F-35 fighter jet and Boeing Co’s next-generation of Air Force One presidential plane, according to Pentagon memos r…
Four food firms prepare bids for British cereal maker Weetabix: sources
LONDON (Reuters) – America’s third-biggest cereal company, Post Holdings , and the UK’s Associated British Foods are among a group of four bidders vying for British cereal brand Weetabix, sources familiar with the matter said on Friday.
Ford braced for $600 million Brexit currency hit
PARIS (Reuters) – Ford’s 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain’s vote to leave the European Union, the U.S. carmaker told Reuters, putting last year’s record European profit levels beyond reach.
U.S. economy slows on wider trade gap; business spending rises
WASHINGTON (Reuters) – U.S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand.
