Friday 11 January 2019

Nissan executive Jose Munoz resigns amid broadened Ghosn probe

Reuters.com Newsletter

Nissan executive Jose Munoz resigns amid broadened Ghosn probe

Nissan Motor Co Ltd's Chief Performance Officer Jose Munoz has resigned, a company spokesman said on Friday in an emailed statement to Reuters.

Apple considered Samsung, MediaTek to supply 5G modems for 2019 iPhones

Apple Inc held talks with Samsung Electronics Co Ltd and MediaTek Inc along with existing vendor Intel Corp to supply 5G modem chips for 2019 iPhones, according to an Apple executive's testimony at a trial between Qualcomm Inc and the U.S. Federal Trade Commission on Friday.

Alphabet board sued on allegations of sexual misconduct cover-up

Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years.

Wall Street's five-day rally flickers out as earnings near

Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.

GM bucks gloomy earnings forecast trend, shares jump

General Motors Co executives on Friday bucked gloomy forecasts for growth and sent the automaker's shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc in the growing electric vehicle market.

Corporate investors pile into electric vehicle startups

Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs.

Factbox: Corporate investments in EV startups

Corporations across a variety of industries - auto, energy, electronics, aerospace, telecom - have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles.

New Petrobras CEO pushes to oust board members: sources

The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday.

Exclusive: Trafigura refuses to hand over emails in Brazil bribery case

Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro.

U.S. shutdown sends grain traders, farmers hunting for data

When the U.S. Department of Agriculture announced a slew of key farm reports would not be released on Friday due to the partial government shutdown, the phones at crop forecaster Gro Intelligence blew up.

U.S. government shutdown may depress January job growth

A partial shutdown of the U.S. government could slash job growth by as much as 500,000 in January and lift the unemployment rate above 4.0 percent unless the impasse in Washington is resolved before next Friday, economists warned.

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