Business News
U.S. intelligence says Huawei funded by Chinese state security: report4/20/2019 11:18:49 AM U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West.Hundreds sign online petition supporting woman suing CEO in rape case4/20/2019 10:28:36 AM Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China's e-commerce retailer Inc.Tesla to shrink board to seven directors from 114/20/2019 4:22:31 AM Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.Exclusive: Tereos still searching for wider funding - sources4/20/2019 4:19:55 AM (Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout)Boeing 737 MAX joint governmental review will begin April 29: FAA4/20/2019 1:40:44 AM The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world.PepsiCo results beat as new CEO's ad push lifts sales4/20/2019 1:37:15 AM PepsiCo Inc's quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker's advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally.Venezuela congress to weigh 2020 PDVSA bond payment next week4/19/2019 8:57:56 PM Venezuela's opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.Will the Benettons use Alitalia to fly in from the cold?4/19/2019 8:35:16 PM Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.SEC fines Prosper Funding $3 million for overstating net returns to investors4/19/2019 8:01:07 PM The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.U.S. homebuilding near two-year low; permits extend decline4/19/2019 7:59:29 PM U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.Return of the bench seat: Concept EVs show space big enough for sofas4/19/2019 6:05:51 PM Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats.Fiat Chrysler recalls 320,000 Dart cars that could roll away4/19/2019 5:55:56 PM Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part that could allow the shift cable to detach from the transmission.China will keep supporting economy as 'pressure' lingers: politburo4/19/2019 3:53:02 PM China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.Nissan slams output cut report as 'completely incorrect'4/19/2019 3:30:04 PM Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan.Qualcomm's joint venture with Chinese province to shut down: The Information4/19/2019 2:53:49 PM A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China's Guizhou province will shut down by the end of the month, The Information reported on Friday, citing employees at the venture.U.S. refiners planning major plant overhauls in second quarter4/19/2019 2:48:09 PM U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to data from the U.S. Energy Information Administration.Carlos Ghosn to be indicted on additional charge as early as Monday: NHK4/19/2019 1:25:36 PM Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on an additional charge of aggravated breach of trust as early as Monday when his current detention period expires, public broadcaster NHK reported on Friday.Foxconn says it remains committed to Wisconsin investment project4/19/2019 12:41:12 PM Taiwan's Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state's governor said he wanted to renegotiate the deal.Despite headwind, Japan's Nomura says intent on going it alone4/19/2019 11:36:46 AM Japan's Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the investment bank faces its first annual loss in a decade.HNA denies embezzlement claims as it fights for control of Hong Kong Airlines4/19/2019 8:17:57 AM Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier.