EU News Digest Latest News & Updates
Mike Blake | Reuters SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. Tesla’s …
Read More »UnitedHealth will require drug rebates be passed on to consumers
Michael Nagle | Bloomberg | Getty Images Representatives speak with customers at a UnitedHealthcare location in Queens, New York. UnitedHealth said Tuesday all of its new employer-sponsored plans in 2020 will pass discounts paid to so-called pharmacy benefits managers to consumers at the drug store counter. The move builds on …
Read More »VW accelerates electric push as margin at core brand slips
Robert Hradil | Getty Images News | Getty Images Volkswagen ID Buggy is displayed during the first press day at the 89th Geneva International Motor Show on March 5, 2019. Volkswagen on Tuesday said it will launch 70 new electric models by 2028, accelerating its roll out of zero-emission cars …
Read More »UK’s Theresa May clinches legally binding Brexit backstop changes, deputy says
Clodagh Kilcoyne | Reuters Britain’s Prime Minister Theresa May makes a statement following winning a confidence vote, after Parliament rejected her Brexit deal, outside 10 Downing Street in London, Britain, January 16, 2019. British Prime Minister Theresa May has clinched changes to her Brexit deal in her bid to win …
Read More »US transport chief reviewing fatal Boeing plane crashes ‘very carefully’
Andrew Harrer | Bloomberg | Getty Images Elaine Chao, U.S. secretary of transportation. U.S. Transportation Secretary Elaine Chao said Monday that U.S. regulators are “very carefully” reviewing the fatal crashes of two Boeing 737 MAX 8 planes. Chao said she met with the Federal Aviation Administration’s acting chief to review …
Read More »US airlines try to calm passengers after fatal crash of Boeing 737 MAX
Wang Shoubao | Xinhua News Agency | Getty Images Rescuers work beside the wreckage of an Ethiopian Airlines’ aircraft at the crash site, some 50 km east of Addis Ababa, capital of Ethiopia, on March 10, 2019. All 157 people aboard Ethiopian Airlines flight were confirmed dead as Africa’s fastest …
Read More »Boeing shares fall sharply after second deadly 737 MAX 8 crash
PAUL J. RICHARDS | AFP | Getty Images The Boeing logo and name are seen on a building at Boeing’s new facilities April 27, 2012, in North Charlston, South Carolina. The Civil Aviation Administration of China ordered Chinese airlines to ground all Boeing 737 MAX 8 planes after the crash. …
Read More »Retail sales January 2019
Justin Sullivan | Getty Images A Target worker helps a customer at a Target store in San Rafael, California. U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought. The Commerce …
Read More »Barrick ends hostile bid for Newmont, announces joint venture in Nevada
Dado Galdieri | Bloomberg | Getty Images Operations at Yanacocha, South America’s largest gold mine, are a joint venture between Newmont Mining Corp., Minas Buenaventura and International Finance Corp. Barrick Gold has withdrawn its proposal to buy Newmont Mining, the companies said on Monday, ending a hostile takeover effort that …
Read More »Nvidia to acquire Mellanox Technologies for about $7 billion in cash
Patrick T. Fallon | Bloomberg | Getty Images Jen-Hsun Huang, chief executive officer of Nvidia Corp. Mellanox’s chips power high-speed networks connecting servers. The company, which is based in Israel and the United States, had a market capitalization at the end of trading on Friday of about $5.9 billion. Data …
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