Tuesday, 5 November 2019

Daily Investor Update: Uber test vehicles involved in 37 crashes before fatal self-driving incident

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Uber test vehicles involved in 37 crashes before fatal self-driving incident

Uber Technologies Inc's autonomous test vehicles were involved in 37 crashes in the 18 months before a fatal March 2018 self-driving car accident, the National Transportation Safety Board (NTSB) said on Tuesday.

Pioneer Natural CEO calls out shale industry for Permian Basin gas flaring

The chief executive of Pioneer Natural Resources, Scott Sheffield, on Tuesday called on producers in the top U.S. shale field to limit natural gas flaring and monitor for methane leaks.

Global stocks edge higher; oil, dollar gain on trade hopes

The U.S. dollar and crude prices rose on Tuesday, spurred by continuing optimism a U.S.-China trade deal may be near, while a rally in global equity markets edged higher after China pressed U.S. President Donald Trump to remove recently imposed tariffs.

U.S. SEC proposes rules that could limit shareholder voices

Wall Street's top regulator on Tuesday proposed a pair of long-awaited rules that would set new limits on shareholders' ability to call for corporate changes on thorny issues like climate change disclosures and executive compensation.

U.S. boards end era of impunity for 'skirt-chasers,' McDonald's firing shows

Directors of U.S. companies are increasingly showing zero tolerance for executives' sexual relationships with employees, even consensual ones, an attitude shift evident in McDonald's Corp's dismissal of CEO Steve Easterbrook this week.

Oil gains 1% as China pushes Trump for more tariff rollbacks

Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.

WeWork still on life support, rivals say it must cut costs fast

SoftBank may be rescuing WeWork with a $9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition.

Factbox: How to fix WeWork: rivals say what they would do

Office sharing company WeWork is being rescued by its largest shareholder, SoftBank Group Corp , with a $9.5 billion injection of funds but it still faces a very difficult road to survival given its large losses, and property lease liabilities.

Italian government, ArcelorMittal dig in over Ilva row

Italian Prime Minister Giuseppe Conte said on Tuesday he would not allow ArcelorMittal to pull out of its acquisition of troubled steel plant Ilva, as the threat of huge job losses piled pressure on the government.

S&P 500 index holds steady after run to record

The benchmark S&P 500 was little changed on Tuesday, pausing after growing expectations of a trade deal between the United States and China helped boost the three main U.S. stock indexes to record highs in the previous session.

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