Boeing warns of more layoffs in 2017
Boeing said it will continue to reduce its workforce in 2017 as it copes with selling commercial airliners made more expensive to foreign buyers by the strengthening dollar. The action follows an 8% cut in […]
Stock Markets
Uber’s Q3 loss reportedly tops $800M
Uber lost more than $800 million in the third quarter and more than $2.2 billion during the first nine months of the year, a source told Bloomberg. Fares paid by riders totaled $5.4 billion last […]
Iran has finalized an agreement with Airbus to acquire 100 jetliners
Iran has finalized an agreement with Airbus (OTCPK:EADSY) to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January. “Although the nominal value of the contract for 118 Airbus planes […]
Gold predicted to end year at a loss
Gold is on track to finish the year lower than it began, after an 11% drop since the US presidential election. The commodity will have closed in the red for four years in a row […]
General Motors begins testing autonomous vehicles on Michigan public road
General Motors said it will immediately begin testing autonomous vehicles on Michigan public roads, and will produce the next generation of its autonomous test vehicles at its Orion Township assembly plant beginning in early 2017. […]
Yahoo fell 6% in yesterday’s trading on word that Verizon is now considering scrapping its $4.83B deal
Yahoo fell 6% in yesterday’s trading on word that Verizon is now considering scrapping its $4.83B deal for the Internet pioneer. Yahoo (NASDAQ:YHOO) on Wednesday disclosed a security breach that it believes compromised information on […]
Dow Jones Industrial resumes climb toward 20,000
The Dow Jones industrial average rose above 19,900 briefly in early trading today, raising questions of how soon the index will crack the 20,000-point benchmark. At 10 a.m. Eastern, the Dow was up 31 points […]
LinkedIn to delist from NYSE December 19
Subsequent official completion of merger with Microsoft (NASDAQ:MSFT). LinkedIn’s (NYSE:LNKD) entire class of securities will be removed as Class A common stock shares have as of today all been converted to $196 per in cash. Trading in […]
Facebook’s virtual reality business is looking for a new leader
Oculus (NASDAQ:FB) said it’s creating two divisions – one focused on mobile, the other on PCs – and that CEO Brendan Iribe is stepping down to run the latter. Jon Thomason, who joined Oculus this […]
Amazon Prime Video expands worldwide
Combined with individual announcement of availability in India, Amazon, as generally anticipated, extends its Prime Video offering into over 200 countries and territories globally (China excluded). Availability of the service is automatically bundled with Prime and of […]