Uber Technologies Inc is in talks to sell its autonomous driving unit, Uber Advanced Technologies Group (ATG), to selfdriving car startup Aurora, a source familiar with the matter told Reuters.Brazil health regulator Anvisa on Wednesday allowed resumption of latestage Brazilian clinical trials for China's Sinovac COVID19 vaccine, which had been suspended due to a study subject's death that was registered in Sao Paulo as a suicide.Britain will attempt to reassure nervous business leaders that it appreciates the need for clarity on rules outside of the European Union by setting up a task force to discuss challenges 50 days before the transition period ends.The U.S. Federal Aviation Administration is in the final stages of reviewing proposed changes to Boeing Co's 737 MAX and expects to complete the process in the "coming days," the agency's chief told Reuters on Monday.The European Union's decision to impose tariffs of 15% on Boeing Co planes is a threat to the deployment of the manufacturer's jets in Europe, the chief executive of aircraft lessor Air Lease Corp said on Monday.Value stocks notched their best oneday performance against their growthfocused peers ever, by one measure, after Monday's news of an effective vaccine against the coronavirus sent investors into shares of companies expected to benefit the most from an economic recovery.Wall Street stock futures started strong on Monday while the dollar extended its downward trend as risk assets got a boost on expectations of fewer regulatory changes and more monetary stimulus under U.S. presidentelect Joe Biden.Toyota Motor Corp will likely more than double its fullyear operating profit forecast when it reports second quarter earnings on Friday as vehicle sales rebound in the United States and China, the Mainichi daily reported.TMobile US Inc on Thursday added more phone subscribers than analysts had expected in the third quarter, as demand for its services picked up with people staying at home due to the COVID19 pandemic.Qualcomm Inc forecast fiscal firstquarter revenue above Wall Street estimates on Wednesday as it predicted sales of 5G smart phones would balloon to more than half a billion units next year, powered in part by new Apple Inc iPhone 12 models.
Traders are looking at the contest largely through the prism of the election's impact on the US response to the pandemic, particularly the possibility that a political rebalancing could get Congress and the White House to agree on a new economic stimulus package.
Dunkin doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches.
Betting against big technology has been a risky proposition over the last decade, as stocks like Amazon, Google and Netflix have shot higher at the expense of so-called value and cyclical stocks such as banks and energy companies.
Orlando (US) (AP) Walt Disney World says it plans to lay off more than 11,000 unionized workers because of the new coronavirus, bringing the total number of pandemic-related job casualties at the Florida resort to almost 18,000 positions. Disney World said in a letter to state and local leaders Thursday that the 11,350 union workers mostly part-timers will be laid off at the end of the year. Company officials previously had said that another 6,400 nonunion Disney employees in Florida would lose their jobs..
Boston (AP) The US State Department has agreed to turn over to Japan two American men accused of smuggling former Nissan Motor Co Chairman Carlos Ghosn out of the country while he was awaiting trial, the men's lawyers said in court documents Thursday. A federal judge intervened to block the immediate removal of Michael Taylor, a US Army Special Forces veteran, and his son Peter Taylor, letting them stay in Massachusetts while she reviews an emergency petition filed by their lawyers..Apple Inc will temporarily close 17 of its 20 stores in France from Oct. 30, as the country goes into a fresh onemonth lockdown due to a resurgence of coronavirus cases, the company's website showed.Amazon.com Inc on Thursday forecast a jump in holiday sales and costs related to COVID19 as consumers continued to shop more online during the pandemic.U.S. stocks advanced on Thursday as investors piled into technology heavyweights ahead of their earnings reports, while upbeat domestic economic data calmed widespread concerns about surging coronavirus cases.Juul Labs Inc has cut its valuation to about $10 billion from $12 billion at the end of last year, according to a company memo seen by Reuters on Thursday, as the once redhot ecigarette maker fizzles in a tumultuous period for the industry.Crude oil fell again on Thursday as lockdowns in Europe and rising cases elsewhere clouded the demand outlook, while stocks rose as Wall Street rallied.
