EU News Digest Latest News & Updates
Simon Dawson | Bloomberg | Getty Images Employees stand as a subsea oil and gas tree is maneuvered by a crane at the General Electric Co. (GE) manufacturing plant in Montrose, U.K. General Electric’s upcoming earnings report will likely be “unfavorable” for the stock after its recent run up, J.P. …
Read More »PG&E stock craters as beleaguered utility faces bankruptcy
PG&E Corp. stock cratered Monday after the company said it will file for Chapter 11 bankruptcy protection amid the financial anguish stemming from its part in helping spark a wave of historic wildfires in California. Shares of the company plunged 52 percent to $8.38 per share Monday, one day after …
Read More »Alibaba dips on China economic worries
Qilai Shen | Bloomberg | Getty Images Michael Evans, co-president of Alibaba Group Holding Ltd., gestures as he speaks at a news conference during the company’s annual November 11 Singles’ Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016. Shares of Alibaba dipped just before market close …
Read More »Ford debuts 700-horsepower ‘street-legal’ Mustang Shelby GT500
Jonathan Ernst | Reuters Members of the media look over the 2020 Ford Mustang Shelby GT500 after it was revealed at the North American International Auto Show in Detroit, Michigan, January 14, 2019. The car is a big statement by a company that less than a year ago said it …
Read More »Nissan pulls plug on Infiniti QX debut as electric car fails to launch
Robert Ferris | CNBC An empty display space for the Nissan Infiniti QX Inspiration concept car at the North American International Auto Show in Detroit, Michigan, January 14, 2019. The crowd filtered out by 12:40 p.m. as janitors began mopping up the floor of the Infiniti stage. Nissan at least …
Read More »Fiat Chrysler plans to expand factory capacity to build new Jeeps
Mike Blake | Reuters The 2020 Jeep Gladiator is introduced during a Jeep press conference at the Los Angeles Auto Show in Los Angeles, California, November 28, 2018. Fiat Chrysler plans to add more factory capacity over the next few years to support building two new Jeep models, including a …
Read More »Tesla under pressure as Ford, Nissan and GM roll out new competition
Qilai Shen | Bloomberg | Getty Images GP: Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Shares of Tesla tumbled 2.4 percent as manufacturers from Detroit to Japan unveiled new …
Read More »Gymboree reportedly close to bankruptcy, to liquidate all stores
David Paul Morris | Bloomberg | Getty Images Pedestrians walk past a Gymboree store in San Francisco, California. Children’s clothing retailer Gymboree Group is expected to file for bankruptcy protection this week, in what would be its second bankruptcy filing in less than two years, according The Wall Street Journal. …
Read More »Apple iPhone chip supplier Dialog reports early revenue results at low end
Stephen Lam | Reuters A man holds the Apple iPhone XS and XS Max during a product demonstration following the Apple launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple supplier Dialog Semiconductor reported early revenue results Monday that came in at the low end …
Read More »China 2018 full-year, December trade: Exports, imports, trade balance
AP In this photo taken Wednesday, Jan. 4, 2012, a container is loaded onto a truck, right, at a port in Qingdao in east China’s Shandong province. China’s trade suffered its biggest decline since the 2008 crisis in January, a new sign of weak global demand and a slowing domestic …
Read More »