FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake (Reuters) – Tesla Inc’s (TSLA.O) Chief Executive Officer Elon Musk said on Tuesday the electric car…
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Some U.S. airlines willing to take 737 MAX jets before pilot training approval: sources
CHICAGO (Reuters) – Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co (BA.N) as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said. FILE PHOTO: Grounded…
Boeing pilot who exchanged leaked 737 MAX simulator messages changes jobs-sources
SEATTLE (Reuters) – One of two Boeing Co (BA.N) technical pilots who described flaws in a crucial flight control system in leaked 2016 instant messages has been transferred to a new job at the U.S. planemaker, two people familiar with the matter said on Tuesday. FILE PHOTO: Dozens of grounded Boeing 737…
Alibaba’s Singles’ Day sales hit record $38 billion; growth slows
(This November 11 story corrects to say “above”, not “below”, in 6th paragraph) By Josh Horwitz HANGZHOU, China (Reuters) – Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc’s haul last quarter from online store sales.…
Chinese national pleads guilty in U.S. court to stealing Phillips 66 trade secrets
WASHINGTON (Reuters) – A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66 (PSX.N), where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said. Hongjin Tan, 36, stole information regarding the manufacture of a “research and development…
Tariff stockpiling wanes as importers work off inventories: port executive
(Reuters) – The executive in charge of the No. 1 seaport for U.S. trade with China on Tuesday said importers were not stockpiling goods ahead of President Donald Trump’s plan to slap 15% tariffs on cellphones, laptops, toys and other Chinese-made goods next month. FILE PHOTO: Containers are seen at the Yangshan…
Frank Giles, 100, Editor Snared in ‘Hitler Diaries’ Hoax
As journalistic fiascos go, it was one of the most sensational. In 1983, The Sunday Times of London claimed to have Adolf Hitler’s diaries, scribbled in the Führer’s own hand. A renowned historian had authenticated them. What it actually had were forgeries. The newspaper’s top editors discovered the truth at the last…
Turkey Detains a Top Journalist Again, Signaling a Continuing Crackdown
ISTANBUL — A Turkish judge ordered a prominent journalist detained again on Tuesday — only a week after he was released — signaling President Recep Tayyip Erdogan’s intention to continue his government’s crackdown on dissent. The journalist, Ahmet Altan, was found guilty of terrorism charges last week and sentenced to more than…
The SoftBank Effect: How $100 Billion Left Workers in a Hole
For five years, Sunil Solankey, a retired captain in the Indian Army, had run the 20-room Four Sight Hotel in a New Delhi suburb. Business was steady, but he longed to make the establishment a destination for lucrative business travelers. Last year, a hospitality start-up called Oyo told Mr. Solankey that it…
Amazon’s $1.5 million political gambit backfires in Seattle City Council election
SEATTLE (Reuters) – Seattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, reviving chances for a tax on big businesses that the tech giant helped fend off last year. FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin…
Anheuser-Busch to buy out Craft Brew Alliance in $321 million deal
FILE PHOTO: The Anheuser-Busch brewery in Fort Collins, Colorado, U.S., March 2, 2017. REUTERS/Rick Wilking/File Photo (Reuters) – Brewer Anheuser-Busch Inbev NV will buy the rest of Craft Brew Alliance that it does not own in a deal valuing the Portland-based brewing company at about $321 million, the two companies said on…
Airbnb, Chobani among companies to oppose U.S. asylum work permit slowdown
WASHINGTON (Reuters) – Airbnb, Chobani, Western Union and a dozen other companies are urging the withdrawal of a Trump administration proposal to slow down the work permit approval process for asylum seekers. FILE PHOTO: U.S. Customs and Border Protection agents open the gates to the port of entry so that asylum seekers…
Burger King picks Unilever to make plant-based Whoppers in Europe
FILE PHOTO: The logo of U.S. fast food group Burger King is seen at a restaurant in Bruettisellen, Switzerland October 11, 2016. REUTERS/Arnd Wiegmann/File Photo CHICAGO (Reuters) – Burger King on Monday rolled out a meat-free version of its Whopper burger in 25 European countries, using patties made by Unilever Plc (ULVR.L)…
S&P 500, Nasdaq slip on trade uncertainty; Boeing buoys Dow
(Reuters) – The S&P 500 and Nasdaq stock indexes fell from record highs on Monday as uncertainty about progress in U.S.-China trade talks again rose to the fore following comments by President Donald Trump, while a jump in Boeing shares helped the Dow Jones Industrial Average eke out a slim gain. Investor…
PG&E to offer $13.5 billion in compensation to wildfire victims: Bloomberg
FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – Bankrupt California power producer PG&E Corp is offering $13.5 billion in compensation to wildfire victims as part of a restructuring plan, Bloomberg reported on Monday,…
Exclusive: Occidental seeks up to $700 million for Anadarko assets in Wyoming, Colorado – sources
HOUSTON (Reuters) – Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, according to people familiar with the matter. FILE PHOTO: The logo of Occidental Petroleum is displayed on…
State attorneys general meet in Colorado to discuss Google antitrust probe
FILE PHOTO: A sign is pictured outs a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh/File Photo/File Photo NEW YORK/WASHINGTON (Reuters) – State attorneys general are meeting on Monday in Colorado to discuss their probe into whether Google’s business practices break antitrust law, according…