Northrop engine teams with Raytheon hypersonic program
Raytheon Co said on Tuesday it has teamed up with Northrop Grumman Corp to develop and produce engines for hypersonic weapons that can travel 4,000 miles...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles
Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.
Draghi shock hits euro, boosts stocks
European shares rallied and the euro took a sharp hit on Tuesday in a knee-jerk reaction to European Central Bank President Mario Draghi's comments indicating a...
From gas in Russia to China-bound plastics, Austria's OMV shifts focus for growth
After years of largely banking on low-cost Russia for growth, OMV is shifting attention towards the Middle East as its chemist chief executive chases his vision...
Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra
Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit...
Facebook reveals Libra cryptocurrency, with lofty goals
Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into...
AB Volvo to partner with Nvidia to develop AI platform for driverless trucks
Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.
Volkswagen aims to boost in-house software development to 60% by 2025
Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called "Car.Software" by 2025 as the German carmaker aims to develop at...
Air Lease signs long-term lease placements for four Airbus jets
Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo LR aircraft with Japan's Peach...
Alibaba puts CFO in charge of investment in major management reshuffle
China's Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks...
Renault-Nissan alliance remains priority for French finance minister
Renault's alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire's priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said...
Asia stocks edge up cautiously as Fed jitters build, Europe seen lower
Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy decision, while crude oil prices...
Alibaba reshuffles management; CFO Wu to oversee strategic investment unit
China's Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of...
Alibaba reshuffles management, says CFO Wu to oversee strategic investment unit
China's Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will move to oversee the firm's strategic acquisitions and investments unit, as...
Australia's central bank says 'likely' will have to cut rates again
- Australia's central bank believes it will likely have to cut interest rates further from the current record low of 1.25% in order to push down...