EU News Digest Latest News & Updates
Sanjit Das | Bloomberg | Getty Images Workers gather harvested palm fruit at a palm oil plantation in Bukit Basout Estate, Perak State, Malaysia, on Wednesday, May 10, 2017. The European Commission on Wednesday concluded that palm oil should be phased out from transport fuel due to environmental concerns, sparking …
Read More »Kimbal Musk is stepping down from Chipotle’s board
Michael Loccisano | Getty Images Kimbal Musk speaks on stage at the WSJ The Future of Everything Festival at Spring Studios on May 9, 2018 in New York City. Kimbal Musk is stepping down from Chipotle’s board of directors, the company announced Thursday. Musk notified the board of directors that …
Read More »Boeing pauses deliveries of the 737 Max after FAA grounds aircraft following fatal crashes
Stephen Brashear | Getty Images The tail and a next generation winglet of a A Boeing 737 MAX 8 are pictured at Boeing Field after its its first flight on January 29, 2016 in Seattle, Washington. Boeing has paused delivery of 737 MAX airplanes due to the temporary grounding by …
Read More »VW to spend $9 billion on electric vehicles. Audi plans 30 new EVs
picture alliance | picture alliance | Getty Images The Audi Q4 e-tron concept is presented at the Geneva Motor Show on the first press day. The 89th Geneva Motor Show starts on 7 March and lasts until 17 March. The luxury arm of Volkswagen plans to accelerate its push into …
Read More »Trump says he hopes Boeing 737 Max planes aren’t grounded for long
Evan Vucci | AP President Donald Trump meets with Irish Prime Minister Leo Varadkar in the Oval Office of the White House, Thursday, March 14, 2019, in Washington. President Donald Trump on Thursday said that he hopes Boeing’s 737 Max jets will only be grounded “for a short period of …
Read More »Court rules gun maker Remington can be sued over Newtown shooting
Samuel Corum | Anadolu Agency | Getty Images A customer tries out a Remington 1911 equipped with a silencer at Blue Ridge Arsenal in Chantilly, Va. A divided Connecticut Supreme Court has ruled gun maker Remington can be sued over how it marketed the Bushmaster rifle used to kill 20 …
Read More »‘We see little tangible here’
Luke Sharrett | Bloomberg | Getty Images A wind turbine used for training and research stands outside the General Electric Co. (GE) energy plant in Greenville, South Carolina. General Electric CEO Larry Culp may be more optimistic about the company’s future than ever before but a top Wall Street analyst …
Read More »Tesla promotes Kirkhorn to CFO and Taneja to Chief Accounting Officer
Aly Song | Reuters Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Tesla’s new CFO officially took office Wednesday, the company said in a filing. The company also promoted its corporate controller Vaibhav Taneja to the role of Chief Accounting Officer. …
Read More »Dollar General beats quarterly same-store sales estimates and raises its dividend
Luke Sharrett | Bloomberg | Getty Images A Dollar General store in Scottsville, Kentucky. Dollar General forecast 2019 profit below analysts’ expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down nearly 6 percent. Dollar General has spent the …
Read More »GE shares drop after giving 2019 forecast lower than Wall Street estimates
Sebastien Bozon | AFP | Getty Images An employee of General Electric works on a gas turbine at the GE plant in Belfort, France. General Electric told shareholders on Thursday that the embattled conglomerate expects 2019 earnings to be below what analysts anticipated as it continues to be plagued by …
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