Wall Street expects U.S. automakers to report strong results for the third quarter, as a recovery in sales after this year's initial coronavirus lockdowns tightens inventory for an industry watching cases in Europe and the United States rise.
Tesla will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing US electric carmaker has announced.
Qualcomm Inc on Tuesday said it will produce chips for 5G telecommunications networking gear, marking the first entry by a major American technology company into a market dominated by European and Chinese firms.
Nokia on Tuesday sought to enforce an injunction against Lenovo, the world's biggest PC maker, to block sales of its products in Germany after violation of a video encoding patent.
Intel Corp's US$9 billion sale of its NAND memory chip unit will help the U.S. chip giant focus on its core business in higher-margin processors, Wall Street analysts said on Tuesday, after its deal with South Korea's SK Hynix Inc .
Deutsche Lufthansa , which is operating less than a quarter of last year's flights due to the coronavirus pandemic, reported a third-quarter operating loss of 1.26 billion euros (US$1.49 billion).
U.S. single-family homebuilding surged in September, cementing the housing market's status as the star of the economic recovery, thanks to record-low interest rates and a migration to the suburbs and low-density areas as Americans seek more room for home offices and schooling.
The U.S. Justice Department is expected to file an antitrust lawsuit against Alphabet Inc's Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals, according to a source familiar with the planning.
The U.S. Justice Department is expected to file an antitrust lawsuit against Alphabet Inc's Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals, according to a source familiar with the planning.
The U.S. Justice Department said that it would hold a media briefing on Tuesday on an antitrust announcement but did not mention Google.
