Business News

• Boeing says it is addressing new 737 MAX software issue discovered in technical review January 17, 2020
  Boeing Co said on Friday it is addressing a new software issue discovered during a technical review of the proposed update to the grounded Boeing 737 MAX in Iowa last weekend.
• Netflix opens Paris office, plans new French-language series January 17, 2020
  U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.
• Oil steadies as Chinese economy offsets trade optimism January 17, 2020
  Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.
• Wall Street hits new high as data boosts growth outlook January 17, 2020
  Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
• Toyota to move Tacoma truck production to Mexico from U.S. January 17, 2020
  Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.
• Toyota completes $1.3 billion modernization project at Indiana facility January 17, 2020
  Toyota Motor Corp said on Friday it had invested an additional $700 million and added 150 new jobs to complete a $1.3 billion modernization program at its Princeton, Indiana factory.
• U.S. job openings post biggest drop in more than four years January 17, 2020
  U.S. job openings recorded their biggest drop in more than four years in November, while hiring increased moderately, suggesting a loss of momentum in the labor market at the tail end of 2019.
• U.S. housing starts at 13-year high, factory output gains January 17, 2020
  U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.
• Walmart U.S. Chief Merchandising Officer Bratspies departs January 17, 2020
  Chief merchandising officer of Walmart Inc's U.S. operations, Steve Bratspies, is set to leave the big-box retailer, according to an internal memo sent on Friday.
• Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere - sources January 17, 2020
  China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said.