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Boeing received 'unnecessary' contract boost for astronaut capsule, watchdog says

Boeing's multibillion dollar contract to build U.S. astronaut capsules received an "unnecessary" extension from NASA, a watchdog report said on Thursday, the latest management blunders in the agency's program to restart domestic human spaceflight. NASA agreed to pay Boeing Co a $287 million premium for "additional flexibilities" to accelerate production of the company's Starliner crew vehicle and avoid an 18-month gap in flights to the International Space Station. NASA's i



5 years ago

U.S. and China 'getting close' to trade deal: White House economic adviser

The United States and China are getting close to a trade agreement, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive talks with Beijing about ending a 16-month trade war.



5 years ago

Court tosses Carl Icahn's lawsuit seeking Occidental acquisition records

Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday.



5 years ago

Buffett's Berkshire invests in Restoration Hardware, whose shares rise

Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new investment in RH , boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware.



5 years ago

Asian shares rise, but gains capped by weak sentiment

Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy.



5 years ago

Asian shares rise as Kudlow comments lift trade hopes

Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to striking a trade deal, reviving hopes the tariff war may near an end.



5 years ago

Oil rises on hopes for OPEC supply curbs, new optimism on U.S.-China trade deal

Oil prices posted early gains as OPEC's outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.



5 years ago

Oil edges lower on U.S. crude stockpiles, record production

Oil prices eased on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, but losses were limited by forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus.



5 years ago

Highlights: Hong Kong paralyzed for fifth day, students guard campuses

Anti-government protesters paralyzed parts of Hong Kong for a fifth day on Friday, forcing schools to close and blocking some major highways, as university students barricaded campuses and authorities struggled to calm the violence.



5 years ago

Oil gains as hopes build for OPEC supply curbs; new optimism on U.S.-China trade deal

Oil prices rose on Friday as OPEC's outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.



5 years ago

Warren Buffett's Berkshire Hathaway reveals new stake in furniture retailer RH, shares surge

Berkshire Hathaway owned 1.2 million shares of RH, formerly known as Restoration Hardware, at the end of the third quarter.

5 years ago

RH shares surge after Warren Buffett's Berkshire Hathaway reveals new stake in furniture retailer

Berkshire Hathaway says it owned 1.2 million shares of RH, formerly known as Restoration Hardware, at the end of the third quarter.

5 years ago

Icahn takes stake in HP, pushes for merger with Xerox: WSJ

Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer maker Xerox Corp , arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday.



5 years ago

One of China's richest men named in Hikvision securities probe

China's securities regulator is investigating one of the country's richest men for alleged violation of disclosure rules as a director of U.S.-blacklisted surveillance camera giant Hikvision , the company said.



5 years ago

German automation talent powers Musk's battery move to Europe

To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3.



5 years ago