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Articles
The Nokia wordmark.
Nokia Sells Mapping Service to German Automakers
The Finnish telecommunications company continues its makeover and reconstruction, moving HERE maps to BMW, Audi and Mercedes-Benz for a little more than $3 billion.
India prime minister Narenda Modi.
India’s Factory Output Climbs to Half-Year High
Prime minister Narendra Modi has made reviving Asia’s third-largest economy a priority since coming to power in May 2014, introducing a number of reforms aimed at boosting demand and investment, and resulting in a 52.7 PMI reading.
An Iraqi worker adjusts control valves at the Daura oil refinery.
Oil Prices Languish as Supply Concerns Linger
Prices dived over the weekend after OPEC said it would not cut output -- currently about 30 million barrels per day -- in response to recent lower prices, fending off competition from U.S. shale.
An employee works on an assembly line at the Zhejiang Geely Automobile Company.
Chinese Manufacturing Index Slows in July
Chinese manufacturing plunged to a two-year low over the weekend, with the Caixin PMI registering just 47.8 and industrial output expanding lower than estimates to 6.8%.
The Intel logo outside the company's headquarters in Santa Clara, Calif.
Intel, Micron Reveal Powerful Memory Chip Tuned for Data Age
The new 3D XPoint technology represents the first new breed of memory in more than a quarter of a century and should allow users to store and analyze their data more quickly.
A quadcopter drone arrives with a small delivery in Bonn, Germany.
Incoming: Amazon Wants Air Space for Drone Delivery
The company proposed air space for commercial drones between 200 and 400 feet, but the FAA wants the devices to fly only in full view of their operators on the ground.
A pilot walks up the gangway of the Airbus A350X WB.
FINANCIAL ROUNDUP: Airbus Net Profits Take off in Second Quarter
ExxonMobil earnings drop along with crude oil prices ... Honda net profits jump close to 20%, too ... Sharp continues to struggle, casting doubt on it survival.
L'Oreal Growth the 'Strongest in 20 Years'
All divisions of the cosmetic giant are growing, including luxury brands such as Giorgio Armani, Yves Saint Laurent and Kiehl’s.
P&G Earnings Dive on Lower Sales, Venezuela Charge
CFO Jon Moeller said the unpredictable foreign exchange market made it difficult to foresee when the company would turn around the trend of declining sales.
The Toshiba wordmark logo at corporate headquarters in Tokyo.
Toshiba Scandal Exposes Japan Inc.’s Governance Flaws
It wasn’t supposed to be that way at Toshiba, hailed as one of the early leaders in changing Japan’s clubby boardroom culture. But the scathing report — commissioned by the company after financial regulators questioned Toshiba’s books earlier this year — found a litany of problems.
Atomic Deal: Areva Sells Nuclear Reactor Unit to Rival EDF
After other potential industrial partners had been contacted about purchasing minority stakes in the French energy giant Areva, EDF winds up buying somewhere between 51% and 75% of its nuclear reactor unit.
Sony booth at the 2015 CES in Las Vegas.
FINANCIAL ROUNDUP: Smartphones, Video Games Help Sony Triple Net Profits
Siemens profits down slightly ... Rolls-Royce profits falls, too ... Fiat Chrysler profits up almost 70% ... Renault doubles profits for first half ... Samsung, Fujitsu and NEC all remain in the red, while Nokia improves quarterly sales and profits.
Fed: Cheaper Imports, Falling Energy Prices Keep Interest Rate Unchanged
The Fed said the U.S. economy had expanded 'moderately' in recent months and the job market strengthened, but noted inflation was soft and the labor force participation rate extremely low.
Rheinmetall to Supply Canada with Iron Dome-Like Radar
Delivery on the $187.2 million contract is expected to start in 2017.
Traders at work on the day of Alibaba's Wall Street IPO.
Alibaba Sends $1 Billion into the Cloud
The Chinese e-commerce giant will pour the billion into cloud to build centers in Singapore and Japan in an effort to expand from its core businesses.
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