© Reuters. Residents sanitize at a church in Seoul SEOUL (Reuters) – Samsung Electronics (KS:) said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning. Samsung Electronics,Read More →
By Wayne Cole SYDNEY (Reuters) – Asian share markets followed Wall Street higher on Tuesday as China’s factories struggled to re-open after an extended break, though analysts warned investors might be underestimating how economically damaging the challenge was likely to be. The death toll from the coronavirus epidemic in mainlandRead More →
SHANGHAI (Reuters) – U.S. electric carmaker Tesla’s (O:) factory in China’s financial hub of Shanghai will resume production on Feb. 10, a Shanghai government official said on Saturday, adding that authorities would provide assistance to the firm. Xu Wei, spokesman of the Shanghai municipal government, made the comment at aRead More →
FRANKFURT (Reuters) – Tesla (O:) Chief Executive Elon Musk sought to allay environmental concerns about the electric carmaker’s planned factory in Germany, saying the plant would use less water than was estimated originally. The U.S. company had said in planning documents that the factory would need 372 cubic meters ofRead More →
© Reuters. Tesla Inc CEO Elon Musk speaks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai By Yilei Sun and Brenda Goh SHANGHAI (Reuters) – U.S. electric car maker Tesla Inc (O:) said itRead More →
2/2 © Reuters. Tesla superchargers are shown at a charging station in Santa Clarita, California 2/2 By Jonathan Stempel (Reuters) – A federal judge rejected Tesla (NASDAQ:) Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racialRead More →
© Reuters. Federal Aviation Administration (FAA) Administrator Stephen Dickson testifies before a House Transportation and Infrastructure Committee hearing at the Rayburn House office building in Washington By David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues atRead More →
By Arjun Panchadar (Reuters) – U.S. stock index futures gained slightly on Monday as an unexpected rise in Chinese manufacturing activity assuaged investor concerns about a global economic slowdown in the wake of a prolonged trade war between Washington and Beijing. China’s factory activity expanded at its fastest pace inRead More →
Asian markets gained in early trading Monday following an unexpected jump in China’s manufacturing activity in November. China’s official manufacturing purchasing managers index came in at 50.2 in November, according to official data over the weekend, the first time it topped 50 since April. Economists polled by the Wall StreetRead More →
The pound tumbled following dismal British manufacturing data on Monday ahead of a crunch week for Brexit in Parliament. The internationally-exposed FTSE 100 UKX, +1.34% climbed 1.2% as the pound continued its downward spiral on no-deal Brexit fears and weak factory activity. Domestic stocks were helped by Europe-wide positivity overRead More →
© Reuters. FILE PHOTO: A Tesla car is seen in Santa Monica FRANKFURT (Reuters) – Electric carmaker Tesla (O:) is scouting out locations for a possible factory in the German state of North Rhine-Westphalia (NRW), Germany’s most populous state, daily Rheinische Post reported on Sunday, citing people familiar with theRead More →
© Reuters. Investing.com – Asian stocks advanced in morning trade on Monday, with Chinese equities jumped more than 2% following the release of the data that showed economic activity in China unexpectedly recovered in March. China’s and the jumped 2% and 2.9% respectively by 10:35 PM ET (02:35 GMT). HongRead More →
2/2 © Reuters. GM Detroit-Hamtramck Assembly plant is seen in Hamtramck, Michigan 2/2 (Reuters) – General Motors Co (NYSE:) said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year. The No.1 U.S. automakerRead More →
© Reuters. Investing.com – Here are the stocks active in after-hours trading. – Jack In The Box (NASDAQ:) shares rose 3% after hours. First-quarter of $1.35 per share after one-time charges beat estimates by 7 cents. GAAP earnings of $1.19 missed by 11 cents. Revenue of $290.8 million was downRead More →
