Elliott Management builds stake in SoftBank: sources
Activist investor Elliott Management Corp has amassed a stake in SoftBank Group and is discussing ways it could boost the value of the Japanese conglomerate, people familiar with the matter told Reuters.
Wall Street hits new highs as China moves to limit coronavirus impact
U.S. stocks gained for a fourth straight session on Thursday and Wall Street’s main indexes hit record highs amid growing confidence in China’s efforts to contain the economic fallout from the coronavirus outbreak.
BlackRock looks for middle ground on shareholder resolution reforms
BlackRock Inc has cited both the value and costs of shareholder proposals in a long-awaited letter to regulators weighing reforms to the proxy process, effectively looking for a middle ground in a hotly contested area of U.S. rulemaking.
Toyota plans to make 100,000 pickups a year at new Mexican plant
Toyota Motor Corp will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021, marking a major step to shift production of its popular Tacoma pickup truck to Mexico from the United States, the company said on Thursday.
U.S. trade panel opens patent probe into Google speakers after Sonos complaint
The U.S. International Trade Commission said on Thursday it was launching a patent investigation into certain audio players and controllers sold by Alphabet Inc’s Google based on a complaint by rival smart speaker maker Sonos Inc.
Canadian agency asks federal court to declare Facebook contravened privacy law
Canada’s privacy commissioner asked a federal court to declare that Facebook had broken federal privacy law for the private sector, according to a notice of application filed on Thursday.
New 737 MAX software flaw found during tests, Boeing sticks to return timeline
Flight testers discovered another flaw in the software of Boeing Co’s grounded 737 MAX, the plane that suffered two fatal crashes, though the company and the top U.S. aviation regulator said on Thursday the issue most likely could be fixed without exte…
China to halve tariffs on some U.S. imports as coronavirus risks grow
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that defused a bruising trade war between the world’s two largest economies.
Kuwait seeks information on alleged Airbus bribery case: KUNA
Kuwait’s anti-corruption authority (NAZAHA) said on Thursday it was open to receiving any information about alleged bribes paid to secure Airbus plane orders involving Kuwaiti parties, according to the state news agency.
Wall Street scales new highs as China moves to limit coronavirus impact
U.S. stocks advanced for the fourth straight session on Thursday with the S&P 500 and Dow Industrials hitting record highs on China’s efforts to contain the economic fallout of the coronavirus outbreak.
