Stories about Finance

Feb 04 2019

SpaceX tests flight version of Raptor engine

Scaled-down versions of the methane-fueled Raptor rocket engine went through testing as far back as two and a half years ago , but Musk said this weekend's test marked...

Feb 04 2019

"UK trade minister says EU irresponsible" to refuse to reopen Brexit deal

Late last month, the MPs voted in favour of an amendment that was tabled by Sir Graham Brady to look for "alternative arrangements" to the Irish backstop after the MPs tu...

Feb 04 2019

Rideshare apps must pay drivers minimum wage, judge rules

This means the TLC's calculations give it an advantage, Lyft said, because it can pay lower rates, charge passengers less and then take up even more of the city's marke...

Feb 03 2019

Rams vs Patriots: Over/under is best bet for Super Bowl 2019

With a win on Sunday, the Patriots will tie the Steelers with the most Super Bowl wins in league history with six. One player telling me, "If we show them some of the loo...

Feb 03 2019

Foxconn Reverses Course on Wisconsin Plant After Trump Intervention

An afternoon recap of the day's most important business news , delivered weekdays. "We look forward to continuing to expand our investment in American talent in Wiscon...

Feb 03 2019

GM to lay off more than 4,000 workers starting Monday morning

GM announced the layoffs in November at the same time it also revealed it also would close four of its plants in the United States and a fifth plant in Canada. By making ...

Feb 03 2019

Land Rover refused the serial three-door "Range Rover"

The model debuted to a warm reception in Geneva previous year, sporting a $295,000 price tag amid plans for the marque's Special Vehicle Operations to hand-build some...

Feb 03 2019

EU considers proposals to exclude Chinese firms from 5G networks

And that's not all. January 28: The U.S. Justice Department unseals charges against Huawei, Meng and several of the companies' subsidiaries, alleging not only violatio...

Feb 03 2019

BP to come clean on climate pledges

It comes after the Climate Action 100 + initiative - which represents 320 investors managing more than $32 trillion (£24tn) of assets - proposed a resolution to be put t...

Feb 03 2019

Anil Ambani’s Reliance Communications to opt for insolvency

Anil Ambani Group's Reliance Communications has given up on reaching a debt resolution plan acceptable to all its lenders and has chose to start bankruptcy proceeding...

Feb 03 2019

ScS pulls out of running for Sofa.com acquisition

Sky News reported earlier this week that Ashley had sanctioned a multimillion-pound bid for Sofa.com, and that a deal was expected to be completed in the coming days. Mr...

Feb 03 2019

A robust job gain in January shows US economy's durability

Private economists had expected an increase of about 170,000 jobs and the unemployment rate to be unchangedat 3.9 percent. During the recent government shutdown , ec...

Feb 03 2019

Amazon has another 'Prime' holiday: Profit tops $3 billion

Amazon Web Services ( AWS ) continued to show strong growth, surging not only 46% to $6.7 billion, but posted an over 30% operating margin for the first time. AWS, with ...

Feb 03 2019

BP agrees to more climate reporting after 'constructive' investor talks

A group of major European investors has secured the backing of BP for a shareholder resolution calling on the oil and gas major to do more to explain how its strategy i...

Feb 03 2019

Electric/Hybrid - BMW introduces its new plug-in hybrid for the BMW 7-Series

Interestingly, BMW claims the positioning of the battery means luggage capacity is "only slightly restricted" at 420 litres. The new 2019 BMW 745e and 745Le xDrive ...

Feb 03 2019

GE consolidates all renewable energy business under one banner

GE's renewables business now comprises on- and offshore wind turbines, plus hydropower. General Electric Co., the American multinational conglomerate, has reportedl...

Feb 03 2019

Euro zone factory growth dried up in Jan, outlook gloomy -PMI

The official Purchasing Managers' Index (PMI) ticked up fractionally to 49.5, but remained below the 50-point level that separates growth from contraction on a monthly ba...

Feb 03 2019

TSA officer jumps to his death at Orlando airport

Orlando Police said that "p$3 reliminary information suggests an apparent suicide" and that the case is an active investigation. "Our hearts are with the TSA family d...

Feb 02 2019

Italy slips into recession and weighs on eurozone economy

Most analysts had expected Thursday's data to confirm the recession, with Italian Prime Minister Giueseppe Conte saying "I am not anxious". Italy's budget for 2019, whi...

Feb 02 2019

New Unilever CEO inherits disappointing sales performance

Unilever reported net profit of 9.8 billion euros ($11.2 billion) for 2018, up 51.2 percent, but a 5.1 percent decrease in turnover to 51 billion euros. "There's nothing...