News for nerds
Airbus (AIR.PA) has launched the biggest shake-up of its manufacturing network in more than a decade, with large-parts activities reorganized in France and Germany and some small-parts production hived off ahead of a possible sale. The European planemaker said on Read more
A Canada judge has agreed to delay Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings for three months, according to a ruling read in court on Wednesday, handing her defense team a win. Meng, 49, was arrested at Vancouver Read more
Chipotle Mexican Grill Inc (CMG.N) on Wednesday said its comparable sales this quarter could grow by as much as 30% as rapid COVID-19 vaccinations encourage consumers to return to its restaurants that offer quick service in a casual dining space. Read more
Canadian National (CNR.TO) said on Wednesday it had notified the U.S. Surface Transportation Board of its intent to buy Kansas City Southern (KSU.N) after it made an unsolicited $30 billion bid for the U.S. railroad. Canadian National had informed the Read more
The European Union on Wednesday deflected concerns over its drive to formulate rules requiring companies to show investors how climate change will affect their activities, saying that waiting for a global approach could take years. The EU unveiled groundbreaking proposals Read more
Walt Disney Co (DIS.N) said on Wednesday it had reached a deal with Sony Pictures (6758.T) to bring new “Spider-Man” movies and other films to Disney’s streaming services and TV networks in the United States after they play on Netflix Read more
Canadian Pacific Railway Ltd (CP.TO) Chief Executive Keith Creel said on Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern (KSU.N), saying bigger rival Canadian National’s (CNR.TO) offer is “not a real deal”. The two Read more