Business News

Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers

ALPHARETTA, Ga. (Reuters) - Jeff Leonard slides behind the wheel of his burgundy Hyundai Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him. Roughly an hour later, the 62-year-old delivers vegetables, flavored water and cleaning supplies to a shopper’s front door. It is one of nearly 100 such Walmart deliveries for Leonard since July, when he first signed up ...

14 Feb 6:19 AM 0 Read More...

Airbus to scrap production of A380 superjumbo

TOULOUSE, France (Reuters) - Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to take hol...

14 Feb 6:19 AM 0 Read More...

Emirates agrees with Airbus to reduce A380 order, to buy other jets

DUBAI (Reuters) - Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets. Emirates also said it had signed an new deal with Airbus for 40 A330-900s and 30 A350-900s worth $21.4 billion. Emirates, the largest A380 customer, will take delivery of 14 more A380s from 2019 until the end of 2021, the airline said in a statement. Reporting b...

14 Feb 6:19 AM 0 Read More...

Asia shares cautious, seeking Sino-U.S. clarity

SYDNEY (Reuters) - Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks amid reports the White House could extend the deadline for a deal. Bloomberg reported President Donald Trump was considering pushing back the deadline by 60 days, citing people familiar with the matter. Trump, on Wednesday, had said the talks were “going along...

14 Feb 6:19 AM 0 Read More...

U.S.-China trade talks move to higher level as deadline looms

BEIJING (Reuters) - U.S. Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal. The talks, scheduled to run through Friday, follow three days of deputy-level meetings to work out technical details, including a mechanism for enforcing any trade ag...

14 Feb 6:19 AM 0 Read More...

Newer businesses drive Cisco’s earnings beat; shares rise

(Reuters) – Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday, as it benefited from strength in its newer applications and security businesses, while shrugging of the impact of a U.S.-China trade war on its networking gear business. Shares of the Dow component rose about 4 percent in extended trading after the network gear maker also forecast third-quarter earnings above analyst...

14 Feb 4:24 AM 0 Read More...

U.S.’ Mnuchin says ‘looking forward’ to China trade talks

Contact Engage Newswire Boletines de Prensa About Engage Newswire Engage Newswire Features Sitemap Privacy Policy Source Article from https://engagenewswire.com/u-s-mnuchin-says-looking-forward-to-china-trade-talks/...

14 Feb 4:24 AM 0 Read More...

Newer businesses drive Cisco's earnings beat; shares rise

(Reuters) - Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday, as it benefited from strength in its newer applications and security businesses, while shrugging of the impact of a U.S.-China trade war on its networking gear business. Shares of the Dow component rose about 4 percent in extended trading after the network gear maker also forecast third-quarter earnings above analysts’ esti...

14 Feb 1:14 AM 0 Read More...

U.S.' Mnuchin says 'looking forward' to China trade talks

BEIJING (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday he was “looking forward” to trade talks with China as the two countries were set to begin formal high-level discussions in Beijing. “Looking forward to discussions today,” Mnuchin told reporters as he left his hotel. He did not elaborate. Reporting by Michael Martina; Writing by Ben Blanchard; Editing by Paul Tait...

14 Feb 1:14 AM 0 Read More...

Asia stocks wait on Sino-U.S. talks, China trade data

SYDNEY (Reuters) - Asian stock markets started in a cautious mood on Thursday as investors hoped for progress in the latest Sino-U.S. tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports. There was some hope another U.S. government shutdown would be averted as President Donald Trump edged toward backing a deal in Congress on funding for a border barrier. ...

14 Feb 1:14 AM 0 Read More...