News

Power surge: Chinese electric car battery maker charges for global market

A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. China's

Read the original here:
Power surge: Chinese electric car battery maker charges for global market

Blindsided by SUV boom, Hyundai Motor trims costs, perks

The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular across many global markets. Since October, Hyundai Motor Group executives have taken a 10 percent pay cut, the first such move in seven years. The number of executives at Hyundai Motor alone has risen by 44 percent in five

Read more from the original source:
Blindsided by SUV boom, Hyundai Motor trims costs, perks

Snapchat buying Israeli augmented reality start-up Cimagine: report

Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Cimagine developed True Marketless Augmented Reality – technology that allows users to virtually place furniture and appliances they wish to purchase in the space of their home, on their…

Continued here: 
Snapchat buying Israeli augmented reality start-up Cimagine: report

Iran says it sealed Boeing plane deal at half price

Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to curb Tehran's nuclear program. Replacing Iran's antiquated civil aviation …

Here is the original post: 
Iran says it sealed Boeing plane deal at half price

How JPMorgan could not save Italy’s problem bank

MILAN/LONDON (Reuters) – On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy's third-largest lender, was destined to be …

Read the original:
How JPMorgan could not save Italy’s problem bank

U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

Read the rest here: 
U.S. housing, consumer confidence data bolster economic outlook

Lockheed CEO tells Trump she will work to drive down cost of F-35

(Reuters) – The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company's F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post…

Here is the original post: 
Lockheed CEO tells Trump she will work to drive down cost of F-35

U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was seen by Reuters. A Wells Fargo spokesman declined to comment.

Go here to read the rest:
U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

Chinese firms face competition to maintain role in developing Iranian oilfields

Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. “CNPC would like to extend its North Azadegan contract, but we have announced that …they should take part in the bidding for a new contract,” Gholamreza Manouchehri, deputy head of the National Iranian Oil Company (NIOC), was quoted

Go here to see the original: 
Chinese firms face competition to maintain role in developing Iranian oilfields

Platinum Partners arrests are scant consolation for alleged victims

By Lawrence Delevingne NEW YORK (Reuters) – When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm …

Here is the original: 
Platinum Partners arrests are scant consolation for alleged victims

« Previous Page — Next Page »