Business

(Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake The company said it will “part ways” with some of its manpower, citing
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(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 9,
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NEW YORK (Reuters) – Investors are growing more fearful that U.S. companies’ profits could shrink this year following Apple’s warning of soft demand in China, coupled with mounting evidence of a drag from tariffs, a global slowdown and fading tailwinds from tax cuts. FILE PHOTO: Traders work on the floor of the New York Stock
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PARIS (Reuters) – Asian-controlled leasing companies splashed out some $25 billion at list prices to pick out bargains as planemakers Airbus (AIR.PA) and Boeing (BA.N) raced to end a relatively quiet year with fresh orders. FILE PHOTO: Airbus airplanes are parked near the Airbus A320 family final assembly line in Tianjin, China, March 1, 2016.
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SAN FRANCISCO (Reuters) – New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements
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FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt FRANKFURT (Reuters) – The German Federal State of Baden-Wuerttemberg is seeking damages from Volkswagen (VOWG_p.DE) after local authorities purchased VW diesel vehicles which now face bans in cities like Stuttgart, Frankfurter Allgemeine Zeitung
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