Hyundai Motor, South Korean union reach tentative wage deal without strike
Hyundai Motor and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a union spokesman said on Wednesday.
Hyundai Motor and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a union spokesman said on Wednesday.
OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
Marlboro maker Philip Morris International Inc said on Tuesday it was in talks to reunite in a merger with Altria Group Inc following its 2008 spin-off, as the tobacco giants seek to pool resources in the fast growing e-cigarette market.
Anthony Levandowski, a pioneer in self-driving car technology, was criminally charged on Tuesday with stealing trade secrets from his former employer Google before joining rival Uber Technologies Inc .
The yields on U.S. 10-year Treasury Inflation Protected Securities slipped deeper into negative territory on Tuesday as a result of intense demand for bonds due to trade and economic anxiety.
The U.S. Commerce Department has received more than 130 applications from companies for licenses to sell U.S. goods to China's Huawei Technologies Co Ltd, three sources said, nearly two months after President Donald Trump said some sales would be allowed.
Boeing Co said on Tuesday that an aircraft order from China could result from any deal to end a yearlong trade war between the world's two largest economies.
Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight U.S. selloff, though deeper worries about the global economy are likely to keep a lid on sentiment.
The rollout of China's controversial corporate "social credit system" is well under way and accelerating, a European business lobby in the country said on Wednesday, warning that foreign governments need to wake up to the plan's potential risks.
Boeing Co's chief executive said on Tuesday that the financial fallout from the grounding of its 737 MAX jetliner would not slow the world's largest planemaker's appetite for deals in the higher-margin aircraft services sector.
Hyundai Motor Co and its South Korean workers' union have reached a tentative wage deal and averted strike action for the first time in eight years, sending the automaker's shares up by more than 4%.
Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade have kept a lid on sentiment.
U.S. electric vehicle maker Tesla Inc will on Friday raise its prices in China, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect, two people familiar with the matter said.
Asian shares sank on Monday as the latest salvos in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and gold, while slugging emerging market currencies.
Tesla Inc CEO Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday.