Thursday, 13 September 2018

Volkswagen to stop production of iconic Beetle in 2019

Volkswagen to stop production of iconic Beetle in 2019

Volkswagen said on Thursday it would stop producing its Beetle compact car globally in 2019, ending a model that looked backward to the 1960s counter-culture as the automaker prepares for a leap toward a future of mass-market electric cars.

U.S. lawmakers ask Google if it will rejoin Chinese market

A bipartisan group of U.S. lawmakers on Thursday asked Alphabet Inc's Google if it will re-enter the Chinese search engine market and if it would comply with China's internet censorship policies upon its return.

UPS plan to boost business shipping falls short with investors

United Parcel Service Inc is doubling down on shipments between businesses as part of a $20 billion overhaul aimed at automating its facilities and offsetting the profit squeeze from lower-profit home deliveries from large retailers like Amazon.com .

Wall Street rises with Apple, easing trade fears

Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States.

Canada PM says he wants a good NAFTA deal soon, hazy on deadline

Canadian Prime Minister Justin Trudeau said on Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that the end of September was the final deadline for talks.

Atlanta Fed's Bostic: Rate hikes can continue for several more quarters

There may be room for the U.S. jobs market to improve further without pressure on inflation, an argument for the Fed to be patient as it considers further rate increases, Atlanta Federal Reserve bank president Raphael Bostic said on Thursday.

Walmart's Jet.com to offer Nike products in bid for urban consumers

Walmart's Jet.com said on Thursday it will sell Nike Inc products and offer more delivery options, beginning in its top market of New York City, in a bid to sharpen its aim for affluent, urban consumers and better compete with e-commerce rivals like Amazon.com Inc.

Company veteran named Airbus sales chief after ex-Rolls executive quits

Airbus named its second new sales chief in less than a year on Thursday after chief commercial officer Eric Schulz abruptly resigned nine months after being poached from Rolls-Royce to lead the battle for jet sales against Boeing.

Trump's antitrust enforcer considers shifting up a gear

The chairman of the Federal Trade Commission, which stops mergers it believes will push up prices, signaled Thursday he was willing to consider tougher enforcement, a move that could affect high profile big tech companies but also energy producers, drug makers and a big swath of the U.S. economy.

GM to recall about 1.2 million vehicles worldwide

General Motors Co is recalling 1.205 million pickup trucks and sport utility vehicles worldwide due to issues with a temporary loss of power steering, the No.1 U.S. automaker said on Thursday.

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