Tesla sues ex-Autopilot head over recruiting Tesla engineers for new gig
SAN FRANCISCO (Reuters) – Tesla sued the former head of its Autopilot system on Thursday, alleging the executive tried to recruit Tesla engineers for his new venture with the ex-head of Google’s self-driving program while still working at the electric …
Ex-Rabobank traders seek reversal in U.S. of Libor convictions
NEW YORK (Reuters) – A U.S. appeals court on Thursday questioned whether two former Rabobank traders’ rights were violated in what became the first case by U.S. Justice Department to go to trial spilling out of global probes into the manipulation of Li…
PayPal quarterly revenue rises 16.6 percent
(Reuters) – PayPal Holdings Inc reported a 16.6 percent rise in quarterly revenue, in line with analysts’ estimates, helped by growth in customer and merchant accounts on its payments platform.
Johnson & Johnson refills drug cabinet with $30 billion Actelion deal
ALLSCHWIL, Switzerland (Reuters) – U.S. healthcare giant Johnson & Johnson will buy Swiss biotech company Actelion in a $30 billion all-cash deal that includes spinning off Actelion’s research and development pipeline, the companies said on Thursday.
Alibaba’s Ant Financial in overseas push with MoneyGram deal
(Reuters) – Ant Financial Services Group, the world’s largest financial technology company, said on Thursday that it would acquire U.S. money-transfer company MoneyGram International Inc for about $880 million in a deal that is expected to shake up th…
Speculation builds on a Verizon-Charter tie-up, no offer made
(Reuters) – Verizon Communications Inc is interested in exploring a combination with U.S. cable company Charter Communication Inc as part of a long list of acquisition targets but no proposal has been made for a tie-up between the two companies, source…
U.S. new home sales fall; weekly jobless claims rise
WASHINGTON (Reuters) – New U.S. single-family home sales fell to a 10-month low in December after three straight months of solid gains, but the housing market recovery remains intact as a tightening labor market boosts wage growth.
Geely’s Lynk plans 2019 U.S., Europe car launch, eyes Trump tax
NEW ORLEANS (Reuters) – Chinese automaker Geely Automobile Holdings Ltd , the owner of Volvo cars, plans to roll out its mid-priced Lynk & Co brand in the United States and Europe in early 2019, but cautioned those plans could change if U.S. President Donald Trump imposes a border tax on imported vehicles, a senior company executive told Reuters.
Walgreens working to finalize Rite Aid deal, clear antitrust hurdles
WASHINGTON (Reuters) – The chief executive of Walgreens Boots Alliance Inc said Thursday that the biggest U.S. drug store chain was pressing on with its purchase of smaller Rite Aid Corp , which was announced in October 2015 and has not closed.
Volkswagen set to plead guilty in U.S. diesel emissions case
WASHINGTON (Reuters) – Volkswagen AG is set to plead guilty on Feb. 24 in Detroit to three felony counts as part of a plea agreement with the U.S. Justice Department to resolve an excess diesel emissions investigation, a court filing shows.
