Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’

Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent... Read More

Morgan Stanley CEO Gorman’s total 2019 pay falls 7% to $27 million

Morgan Stanley CEO Gorman’s total 2019 pay falls 7% to $27 million
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein/File Photo NEW YORK (Reuters) – Morgan Stanley (MS.N) said on Friday that its board lowered Chief Executive Officer James Gorman’s total compensation for 2019 to $27 million, from $29 million in... Read More

With market at record highs, eyes on reports from chipmakers

With market at record highs, eyes on reports from chipmakers
NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. FILE PHOTO: A street sign for Wall Street is seen outside the New York... Read More

Wall Street hits new highs in strongest week since August

Wall Street hits new highs in strongest week since August
(Reuters) – Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Market sentiment brightened further this week after the United States and China sealed a Phase 1 trade deal,... Read More

Wall Street strikes new high as housing data fuels optimism

Wall Street strikes new high as housing data fuels optimism
(Reuters) – Wall Street edged up to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020. REUTERS/Brendan McDermid Market sentiment brightened further this... Read More

Boeing addresses new 737 MAX software issue that could keep plane grounded longer

Boeing addresses new 737 MAX software issue that could keep plane grounded longer
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded... Read More

Boeing says it is addressing new 737 MAX software issue discovered in technical review

Boeing says it is addressing new 737 MAX software issue discovered in technical review
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered during a technical review of the proposed update to the grounded Boeing 737 MAX in... Read More