In a row over who should shoulder billions of dollars in liabilities sparked by delays and cost blow-outs, producers in Australia are now locked in legal battles with contractors after splurging $200 billion building the world’s biggest gas export plants. Among energy heavyweights trying to claw back funds are Impex Corp. and Santos Ltd. along with…
Three central Illinois facilities of manufacturer Caterpillar were raised by federal law enforcement officials on Thursday. The raids, being conducted as part of an investigation, may be related to business with its Swiss subsidiary CSARL, the company said. Caterpillar is one of the world’s largest makers of construction and other heavy equipment and its Peoria, Illinois, headquarters…
In comments that were seen as a veiled attack on the United States, a senior Chinese politician defended Beijing’s right to build facilities on artificial islands in the South China Sea. Coming after the PLA Navy staged combat exercises in the Western Pacific and the after a US aircraft carrier group was sent to the disputed…
The European media on Wednesday had a broadly positive reaction to the tone and delivery of President Donald Trump’s first address to the U.S. Congress despite widespread complaints over the lack of policy detail. Indeed, given his unique personal and professional style that flies in the face of much established White House protocol, with the…
Snapchat, an app that sends disappearing messages, photographs and videos, is the best known product that Snap has long been known for. But the company has repositioned itself as a modern-day camera company over the past few years. CNBC reports quoting three people briefed on the project who asked to remain anonymous because the details…
As Chinese smartphone firm Xiaomi Inc works to streamline production, lower prices, and gain greater control over handset design to counter the impact of slowing sales, the Chinese firm announced its first in-house designed chipset on Tuesday. Manufactured indigenously at the company’s wholly-owned chip research subsidiary, Beijing Pinecone Electronics, the Surge S1, which manages data…
In a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market, Wells Fargo & Co’s wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year. The digital advice platform would be…
Saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border, Mexico’s top trade negotiator doubled down on threats to break off talks to rework Nafta. “The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ I get up…
At the Mobile World Congress trade show in Barcelona, Sony announced that in Spring the company would launch the Xperia Touch priced at 1,499 euros ($1,587) beginning in Japan and Europe and later coming to the U.S. A concept projector product that allowed users to interact with any surface as if it was a touch…
A dealership upsell begins to look dangerous with late payments on the rise. American drivers are increasingly riding in style as a crop of seductive vehicles that are faster, smarter, and more efficient than ever before lures customers along with low interest rates and low gas prices. However, though—those swanky machines are heavily leveraged, don’t…
