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Saturday, February 24, 2018
BERLIN (Reuters) - Volkswagen (VOWG_p.DE) said profitability could take a hit this year as the carmaker invests billions of euros in electric vehicles (EVs) and launches a raft of new models. Europe’s largest automotive group, which reported record 2017 earnings on Friday, said it expected a return on...
A group representing five U.S. private rocket companies visited Brazil in December to meet with the nation's space agency and analyze the possibility of launching from the equatorial Alcantara launch complex. The U.S. Department of Commerce was informed about the trip, which was organized by members of the private...
People visit the National Rifle Association’s booth during the Conservative Political Action Conference on Thursday in National Harbor, Md. (Alex Wong/Getty Images) Three major companies — Enterprise Holdings, First National Bank of Omaha, and the cybersecurity giant Symantec — have ended co-branding partnerships with the National Rifle Association as a #BoycottNRA social media movement picks up steam....
WASHINGTON (Reuters) - Two Democratic U.S. senators on Friday urged Attorney General Jeff Sessions to thoroughly investigate Daimler AG (DAIGn.DE) after a media report alleged the automaker used potentially illegal software to pass diesel emissions tests, according to a letter seen by Reuters. German newspaper Bild am Sonntag...
Device trade-in is playing an increasing role in all smartphone upgrades — and increasing the affordability of all devices — especially in the premium category. The company said data for 2017 showed U.S. consumers owned a device for 2.59 years, or 945 days before trading it in. That's...
BEIJING (Reuters) - Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People’s Bank of China (PBOC), according to three sources with knowledge of the situation. Liu may be...
United States officials have torpedoed a Chinese state-backed group's plan to buy an American electronics company, signaling the Trump administration's continuing skepticism toward Chinese investment deals, particularly those that involve transferring technological know-how.Xcerra, a Massachusetts-based provider of equipment for testing computer chips and circuit boards, said this week...
A United Airlines Flight bound from Houston to Minneapolis made two unscheduled landings and ran off the runway after the second early Friday, the carrier says. United says Flight 878 was first sent to Madison, Wisconsin due to severe weather...
LONDON (Reuters) - A stronger dollar and slightly higher global borrowing costs kept world shares subdued on Friday and left gold limping toward its worst week since December. Europe’s main London, Frankfurt and Paris markets <0#.INDEXE> barely budged in early moves, keeping MSCI’s 47- country world index just...
General Mills is moving into the pet food business with a deal to buy Blue Buffalo Pet Products for roughly $8 billion in cash. The deal values the natural pet food company at $40 a share. General Mills said it expects to...