Thursday, 7 February 2019

Ford investing $1 billion, adding 500 jobs in Chicago

Reuters.com Newsletter

Ford investing $1 billion, adding 500 jobs in Chicago

Ford Motor Co said on Thursday it is investing more than $1 billion in its Chicago operations and adding 500 jobs as it prepares to launch three new SUVs this year and end production of the Taurus.

Fiat Chrysler paid U.S. $77 million in fuel economy penalties in 2018

Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements.

Shares stumble on fresh fears about global growth, trade

Stocks pulled back sharply around the world on Thursday on fears of a global growth slowdown spreading to Europe and worry about the chances for a resolution of U.S.-China trade tensions anytime soon, while the U.S. dollar strengthened for a sixth session against a basket of currencies.

Barbie, Hot Wheels drive Mattel's sales beat; shares soar

Mattel Inc beat Wall Street estimates for quarterly sales on Thursday, as the toy-maker sold more Barbie dolls and Hot Wheels cars during the crucial holiday season, sending its shares up more than 17 percent in extended trading.

U.S. bankruptcy judge approves sale of Sears to Chairman Lampert

A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to narrowly avert liquidation and preserve tens of thousands of jobs.

Growth, trade worries sink stocks

Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal by a March 1 deadline intensified earlier concerns about slowing global economic growth.

Trump says he and China's Xi will not meet before March 1 trade deadline

President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.

New Zealand PM says exporters could suffer due to U.S.-China trade tensions

Prime Minister Jacinda Ardern said on Friday that trade tensions between the U.S. and China, which is New Zealand's top trading partner, could affect exporters in the country and hurt its economy.

Trump confirms he won't meet with China's Xi before March 1 trade deadline

President Donald Trump confirmed on Thursday that he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.

Apple to contribute to U.S. teen's education for spotting FaceTime bug

Apple Inc on Thursday rolled out software updates to iPhones to fix a privacy issue in its FaceTime video calling service, and said it would contribute toward the education of the Arizona teenager who discovered the problem.

Airbus hit by jet cancellations as A380 shutdown looms

Airbus on Thursday reported the cancellation of orders worth $4 billion, dominated by 8 A380 aircraft, highlighting an increasingly bleak picture for the world's largest airliner as preparations to close production gather pace amid weak demand.

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