BMW recalling 1 million vehicles in North America BMW recalling 1 million vehicles in North America: One recall covers 670,000 2006-2011 U.S. 3-Series vehicles to address a wiring issue for heating and air conditioning systems that may overheat and could increase the risk of a fire. The second recall covers […]
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Singapore police examine Goldmans role in 1MDB deals Singapore police examine Goldmans role in 1MDB deals: Singaporean prosecutors and police are looking at Goldman Sachs Group’s (GS.N) relationship with the scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter. Singapore’s economic crime unit and city […]
Fed keeps rates unchanged remains on road to December hike Fed keeps rates unchanged remains on road to December hike: The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a […]
Tesla stock falls on Model 3 delays biggest ever quarterly loss Tesla stock falls on Model 3 delays, biggest-ever quarterly loss: The company also reported its biggest quarterly loss ever, sending shares down nearly 5 percent after hours as the loss was bigger than analysts had expected. Tesla, led by […]
SoftBank Deutsche Telekom hit wall in Sprint T-Mobile talk SoftBank Deutsche Telekom hit wall in Sprint T-Mobile talk: In a board meeting at Japan’s SoftBank on Friday, several directors expressed doubts about giving up control of Sprint in any deal, the sources said, the latest twist in on-and-off talks to […]
GE Board did not know about CEOs extra plane GE Board did not know about CEOs extra plane: General Electric Co (GE.N) executives did not tell the multinational conglomerate’s board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported […]
U.S. wants to remove unnecessary barriers to self-driving vehicles U.S. wants to remove unnecessary barriers to self-driving vehicles: The auto safety agency said in a report that it wants to find any “unnecessary regulatory barriers” to self-driving cars “particularly those that are not equipped with controls for a human driver.” […]
Dow S&P gain but Nasdaq dips as healthcare lags Dow S&P gain but Nasdaq dips as healthcare lags: DowDuPont (DWDP.N) was up 2.8 percent as the biggest boost to the S&P 500. It forecast third-quarter profit well above Wall Street’s expectations ahead of the combined company’s first earnings report next […]
Microsoft beats profit estimates on gains from cloud services Microsoft beats profit estimates on gains from cloud services: Shares of the world’s largest software company rose 3.1 percent to $81.20 in trading after the bell. Microsoft’s focus on fast-growing cloud applications and platforms is helping it beat slowing demand for […]
Pfizer to launch consumer health sale in November Pfizer to launch consumer health sale in November: Several global companies, including GlaxoSmithKline (GSK.L) and Reckitt Benckiser (RB.L), have expressed interest in bidding for the unit, which had sales of about $3.4 billion in 2016. The prospective sale, which is being led […]
