newszine

Huawei sues U.S. government, seeks NDAA ban lift

2 months ago DieselGasoil Comments Off on Huawei sues U.S. government, seeks NDAA ban lift
HONG KONG (Reuters) – Chinese telecoms equipment maker Huawei Technologies Co Ltd on Thursday confirmed it is suing the U.S. government over a section of a defense bill passed into law last year that restricted its business in the United States. FILE PHOTO: People walk past a sign board of Huawei at CES (Consumer Electronics Read More

Hyundai may suspend production at one of its Chinese plants as slowdown bites

2 months ago DieselGasoil Comments Off on Hyundai may suspend production at one of its Chinese plants as slowdown bites
SEOUL (Reuters) – Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market. FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Read More

Huawei sues US government over federal ban on its equipment

2 months ago DieselGasoil Comments Off on Huawei sues US government over federal ban on its equipment
The Chinese electronics giant Huawei has filed a lawsuit against the United States government, challenging Washington’s decision to ban federal agencies from using its products. The suit, filed with the federal court in Texas, alleges that the ban on Huawei products, passed as part of a defense spending package last year, is unconstitutional and is Read More

Asia shares sluggish as global growth concerns return

2 months ago DieselGasoil Comments Off on Asia shares sluggish as global growth concerns return
TOKYO (Reuters) – Asian shares rose marginally in early trade on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-U.S. trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September Read More

Amazon to close U.S. pop-up stores, focus on opening more book stores

2 months ago DieselGasoil Comments Off on Amazon to close U.S. pop-up stores, focus on opening more book stores
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday. The company’s shares closed Read More

Stocks lose ground, Canadian dollar weakens

2 months ago DieselGasoil Comments Off on Stocks lose ground, Canadian dollar weakens
NEW YORK (Reuters) – A gauge of global stocks lost ground for a third straight session on Wednesday, unable to build momentum from a jump in Chinese equities, while the Canadian dollar weakened after a dovish turn by the Bank of Canada. Traders work on the floor of the New York Stock Exchange (NYSE) in Read More

CEOs tell Trump they are hiring more Americans without college degrees

2 months ago DieselGasoil Comments Off on CEOs tell Trump they are hiring more Americans without college degrees
WASHINGTON (Reuters) – Chief executives of major companies said at a White House forum on Wednesday that they are hiring more Americans without college degrees as they search to find increasingly scarce applicants for open jobs. Apple CEO Tim Cook talks with U.S. President Donald Trump as they participate in an American Workforce Policy Advisory Read More

Sears is sued over 'Craftsman' brand

2 months ago DieselGasoil Comments Off on Sears is sued over 'Craftsman' brand
NEW YORK (Reuters) – Sears is back into court, less than one month after emerging from bankruptcy protection. Craftsman brand products are shown for sale inside a Sears department store in La Jolla, California, U.S., March 22, 2017. REUTERS/Mike Blake The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it Read More

Exxon Mobil CEO sets plan to boost spending; shares dip

2 months ago DieselGasoil Comments Off on Exxon Mobil CEO sets plan to boost spending; shares dip
NEW YORK (Reuters) – Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company’s shares fell after he laid out a strategy to “lean in” while the rest of the industry cuts back. FILE PHOTO: Darren Woods, Chairman & CEO of Exxon Read More

A chaotic market for one sensor stalls self-driving cars

2 months ago DieselGasoil Comments Off on A chaotic market for one sensor stalls self-driving cars
(Reuters) – Automakers and technology companies racing to develop self-driving vehicles are running into a problem: cars that can think are no good without affordable and reliable technology that allows cars to see. With the notable exception of Elon Musk’s Tesla Inc, most automakers have said their self-driving cars will rely on a detection system Read More