Amazon Studios chief resigns after harassment allegations Amazon Studios chief resigns after harassment allegations: Price went on a leave of absence last week and Albert Cheng, the studio’s chief operating officer, remains interim head of the division, the spokeswoman said. Price did not return requests for comment. Many women have […]
Dow pierces 23,000 but ends below milestone Dow pierces 23,000 but ends below milestone: The blue-chip index, which surpassed similar 1,000-point marks three times previously this year, has been steadily inching higher and is up 2.6 percent so far this month, putting it on track for a seventh straight monthly […]
IBM beats revenue estimates hints at sales growth IBM beats revenue estimates hints at sales growth: Shares of the Dow component rose nearly 5.1 percent to $153.93 in extended trading on Tuesday. IBM has been focusing on cloud, cybersecurity and data analytics, or what the company calls its “strategic imperatives”, […]
Colony Capital injects cash in talks to buy Weinstein Co Colony Capital injects cash in talks to buy Weinstein Co: Co-Chairman Bob Weinstein, Harvey’s brother and fellow co-founder, on Friday had denied the firm was seeking to sell or shut down following Harvey Weinstein’s dismissal after a number of women […]
Major Sears investor Berkowitz departs board Major Sears investor Berkowitz departs board: The decision by Berkowitz, the head of investor fund Fairholme Capital Management, was not the result of a disagreement over operations, policy or practices, Sears said in a statement. A fund managed by Fairholme Capital Management disposed of […]
UK business minister welcomes Airbus stake in Bombardier’s C Series UK business minister welcomes Airbus stake in Bombardier’s C Series: British Business Secretary Greg Clark said on Tuesday he welcomed the deal for Airbus to buy a majority stake in Bombardier’s C Series jetliner program, saying Britain would work closely […]
HNA Group to invest $7.6 billion in tourism digital transformation China’s HNA Group Co Ltd [HNAIRC.UL] plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. Eric Tong, an HNA Group board member and Chairman of HNA Technology Group, told Reuters […]
Fake paperwork poor parts challenge China’s aerospace boom Fake paperwork poor parts challenge China’s aerospace boom: In a 9-page report dated Nov. 4, 2016 obtained by Reuters through a freedom of information request, the Federal Aviation Authority (FAA) said 273 affected parts were installed in an unspecified number of Boeing […]
Kobe Steel faked product data for more than 10 years Kobe Steel faked product data for more than 10 years: Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with […]
Oil elevated as Iraq tensions escalate Asian shares hold firm Oil elevated as Iraq tensions escalate Asian shares hold firm: Short-term U.S. bond yields and interest rates jumped after a report U.S. President Donald Trump favored Stanford economist John Taylor to head the Federal Reserve. Japan’s Nikkei .N225 rose 0.4 […]
