Volkswagen will tweak its strategy to maintain investment momentum for developing electric and autonomous cars as it tries to make up for lost revenues caused by the coronavirus pandemic, the company's chief executive said.
Those who banked on a big U.S. government spending splurge may be dismayed but two days on from U.S. Election Day, investors are looking on the bright side - less regulatory tightening than feared and a central bank still in full money-printing mode.
A federal judge in Boston said on Thursday she would likely reject a last-ditch effort by two men to avoid being extradited to Japan to face charges that they helped former Nissan Motor Co Ltd Chairman Carlos Ghosn flee the country.
Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses.
WhatsApp has received approval to roll out its payments service in India starting with 20 million users, the country's flagship payments processor said on Thursday, giving the Facebook-owned app an entry into a crowded digital payments space.
Some U.S. stock investors had feared election week turmoil, but voters' decisions at the ballot box helped many stock picking hedge funds extend a year of gains and even set a daily record, according to managers and people familiar with their returns.
The number of Americans filing new claims for unemployment benefits fell slightly last week, but remained extraordinarily high amid signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.
Fresh signs the US economic recovery may be faltering surfaced over the last week with high-frequency measures of retail traffic and jobs both ebbing amid a record-breaking surge in coronavirus cases.
General Motors Co Chief Executive Mary Barra said Thursday the automaker will boost capital spending over the next three years to speed development of electric vehicles, funded by expanded production of high-profit pickup trucks in North America.
