Canada's Bombardier is in advanced talks to sell three facilities, including its Belfast wing-making plant, to Spirit AeroSystems for more than US$1 billion in cash and assumed liabilities, two sources familiar with the matter told Reuters on Thursday.
SINGAPORE: United Arab Emirates utility firm Utico has given Hyflux until 5pm on Friday (Nov 1) to accept the terms in Utico’s latest draft of a definitive restructuring agreement, the Singapore High Court was told during a case management conference on Thursday. Failing which, Utico will walk ...
Factory activity in China shrank for the sixth straight month in October, official data showed on Thursday, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.
Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the Japanese industrial conglomerate.
Australian flag carrier Qantas said Thursday it had grounded one Boeing 737NG due to a structural crack, and was urgently inspecting 32 others for the flaw.
Hard-drive maker Western Digital Corp said on Wednesday its second-quarter profit would come in sharply below analysts' expectations and that its chief executive officer would retire soon, sending its shares down 10per cent.
Ford Motor Co and the United Auto Workers union on Wednesday announced a tentative agreement for a new labor deal, allowing the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co about US$3 billion.
Samsung Electronics Co Ltd said chip sales should pick up in 2020 as it reported a 56per cent fall in third-quarter operating profit on Thursday, reeling from memory price declines amid a prolonged industry downturn.
SAN FRANCISCO: Facebook on Wednesday (Oct 30) reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped US$6 billion on revenue that climbed 28 per cent to US$17.4 ...
Samsung Electronics Co Ltd reported a 56per cent fall in third-quarter operating profit on Thursday, reeling from chip price declines in the face of a prolonged industry downturn.
