Pizza-toting robots: U.S. lets Nuro deploy driverless delivery vehicles
In a first-of-its-kind approval by U.S. regulators, a federal agency on Thursday gave permission for autonomous vehicle startup Nuro Inc over the next two years to deploy up to 5,000 low-speed electric delivery vehicles without human controls like mirr…
U.S. weekly jobless claims hit nine-month low; productivity rebounds
The number of Americans filing for unemployment benefits dropped to a nine-month low last week, suggesting a tightening labor market would continue to keep the longest economic expansion in history on track despite weak business investment.
Huawei sues Verizon over patents; Verizon blasts ‘PR stunt’
China’s biggest telecommunications equipment maker will square off in court against the No. 1 U.S. wireless carrier over whether Verizon Communications Inc should pay Huawei Technologies Co Ltd for patent infringement.
Yum Brands misses sales, profit estimates as Pizza Hut battles rivals; shares drop
Yum Brands Inc shares fell 4.7% after it reported quarterly same-store sales and profit that missed analyst expectations on Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the United States.
ICE makes case for eBay talks following earnings report
New York Stock Exchange owner Intercontinental Exchange Inc (ICE) would “love” to speak with eBay Inc about a potential deal if its management is interested, the company’s chief executive said on Thursday following the release of ICE’s financial resu…
EU antitrust regulator stresses fair rules as Germany, France call for overhaul
Europe’s future must be based on fair competition rules, EU antitrust regulators said on Monday, after Germany and France reiterated calls for a speedy overhaul of the bloc’s rules to help EU companies better compete with U.S. and Chinese rivals.
Coronavirus impact on financial markets and economies
Financial markets appear to be recovering from the damage done in late January by the coronavirus outbreak in China.
Twitter notches first $1 billion quarterly revenue, beating estimates; shares jump
Twitter Inc pulled in $1 billion in quarterly revenue for the first time on Thursday, beating expectations as efforts to make its platform more user-friendly brought in more people, and sending its shares up 14% in early trading.
S&P 500, Dow ease from record highs after three-day rally
The S&P 500 and Dow Jones Industrials indexes eased from their record highs on Thursday, as investors took a breather after a stellar run this week on waning worries about the economic damage from the coronavirus epidemic.
FAA’s Dickson says regulators seem set to agree on 737 MAX design fix
U.S. Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 MAX aircraft to service.
