Corporate
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Airbus stopped delivering A320neo jets
Feb 11, 2018Airbus has briefed airlines and leasing companies and told them it cannot yet say how long it will take to resolve the problem, one source told Reuters on condition of anonymity. Airbus has stopped delivering A320neo... -
Uber and Waymo reached a settlement on self-driving technology
Feb 10, 2018Uber has also agreed not to use Waymo’s technology in its self-driving cars, though it maintains it never did. Uber and Waymo have reached a settlement over claims Uber stole trade secrets from the self-driving company.... -
Qualcomm rejected a record $121 billion hostile bid from Broadcom
Feb 10, 2018The California-based group said in a letter to Broadcom that the latest offer unveiled earlier this week “materially undervalues Qualcomm” and does not take into account the possibility of a failure to win regulatory approval. Qualcomm... -
T-Mobile US Inc’s quarterly profit jumped nearly sevenfold
Feb 8, 2018T-Mobile has been using lower prices and added perks to take market share from larger rivals Verizon Communications Inc and AT&T Inc in a saturated market for wireless services. T-Mobile US Inc’s quarterly profit jumped nearly... -
Honda plans to double its market share in India within the next few years
Feb 8, 2018Honda, which sells cars such as the City sedan and CR-V sport-utility vehicle in India, has seen its market share fall to about 5 percent at the end of 2017 from 7 percent three years ago.... -
Tesla notched up its biggest ever quarterly loss
Feb 8, 2018The firm’s future hangs on the Model 3 sedan, but it has so far struggled with production bottlenecks. Tesla reported a loss of $675.4m (£487m) in three months to 31 December, compared with $121.3m a year... -
Snapchat owner Snap Inc’s shares rose as much as 24 percent
Feb 7, 2018Snap shares have almost halved in value since its much-hyped initial public offering in March of last year, hurt by falling user engagement and growth. Shares of Snapchat owner Snap Inc rose as much as 24... -
Tronc Inc to announce a sale of the Los Angeles Times
Feb 7, 2018The Times, acquired by Tronc’s predecessor Tribune Co in 2000, has undergone several management changes and rounds of layoffs, reflecting a struggle by newspapers, in general, to adapt to digital media. Tronc Inc, the owner of... -
Hasbro Inc reported a surprise fall in quarterly revenue
Feb 7, 2018The company’s shares fell 4.2 percent to $90 before the bell. The maker of My Little Pony and Nerf guns warned last October of weak holiday sales due to the bankruptcy of retailer Toys ‘R’ Us.... -
26,000 Peugeot 2008 to hit the market in Iran next Iranian year
Feb 4, 2018The CEO of IKCO Supplying Automotive Parts Company (SAPCO) says given a growing demand for Peugeot 2008 in the Iranian vehicle market, the joint venture company between Iran Khodro and Peugeot (IKAP) plans to increase its...
