Tag: Industrials (TRBC)

Outside panel to review Samsung heir Lee’s case: Seoul prosecutors

SEOUL (Reuters) – An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and...

South Korean court denies arrest warrant request for Samsung heir

SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him...

Samsung leader appears in court, waits to hear if he’ll be jailed again

SEOUL (Reuters) – Samsung Group’s leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including...

Court to decide whether to jail embattled Samsung heir again

SEOUL (Reuters) – A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail...

Lufthansa, German government agree on $9.8 billion rescue package: sources

FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached...

U.S. agencies ask FCC to rescind Ligado spectrum decision

FILE PHOTO: The Federal Communications Commission (FCC) logo is seen in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – A group of U.S....

Canada’s Trudeau to look at possible further aid for airlines, after Air Canada layoffs

WINNIPEG, Manitoba (Reuters) – Canadian Prime Minister Justin Trudeau said on Saturday he would look at possible ways to help airlines further, but laid out...

32 U.S. senators urge FCC to reconsider Ligado spectrum order

WASHINGTON (Reuters) – A bipartisan group of 32 U.S. senators on Friday urged the Federal Communications Commission to reconsider a decision to allow Ligado Networks...

Washington in talks with chipmakers about building U.S. factories

(Reuters) – The Trump administration is in talks with semiconductor companies about building chip factories in the United States, representatives from two chipmakers said on...

Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs

(Reuters) – Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber’s (UBER.N) results on Thursday, after Lyft indicated a slow...

Alberta launches Canada’s first contact tracing app as economy slowly reopens

WINNIPEG, Manitoba (Reuters) – The Canadian province of Alberta on Friday launched the country’s first phone app to trace contacts of people infected with the...

Ford expects $5 billion loss in current quarter as coronavirus hits demand

DETROIT (Reuters) – Ford Motor Co (F.N) said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in...

Ford investors eager for details on when automaker will restart U.S. operations

DETROIT (Reuters) – Investors already know how the coronavirus outbreak has hurt Ford Motor Co’s (F.N) bottom line, so when the automaker releases first-quarter results...

Proxy advisers recommend Boeing shareholders vote against key board members

(Reuters) – Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co (BA.N) vote against key board members...

China to cut new energy vehicle subsidies by 10% this year

BEIJING (Reuters) – China will cut subsidies on new energy vehicles (NEV) such as electric cars by 10% this year, the finance ministry said on...

Majority of FCC backs Ligado plan for broadband network: sources

WASHINGTON (Reuters) – A majority of the five-member Federal Communications Commission (FCC) has voted to approve an order to allow Ligado Networks’ to deploy a...

American joins United, others in suspending more NYC flights on coronavirus spike

(Reuters) – American Airlines Group Inc (AAL.O) said late Sunday it would suspend more flights in and out of New York City’s three main airports...