GLOBAL MARKETS LIVE: Boeing, Apple, Hyundai…
|01/08/2021 | 09:51am|
In the news today, Boeing will pay $2.5 billion to settle a U.S. lawsuit related to the B737 MAX. Hyundai could be an important partner of the Apple Car.
- The Boeing Company will pay more than $2.5 billion in connection with the U.S. investigation into the two B737MAX crashes, but will not have to plead guilty.
- Hyundai Motor and Hyundai Mobis are soaring in Seoul after rumors of collaboration with Apple on the group's future vehicle.
- The European Commission doubled its vaccine orders from Pfizer and BioNTech. Brussels has requested delivery of 300 million additional doses, bringing its orders to 600 million.
- Credit Suisse will report a loss in Q4 due to an increase in its litigation provisions in the US.
- Samsung's Q4 results slightly below expectations.
- US authorities are investigating American Express' business practices, according to the Wall Street Journal.
- MSCI removes China Mobile, China Telecom and China Unicom from its indices.
- Baidu is reportedly planning to enter the electric vehicle battle through a joint venture with Geely, Reuters learned.
- Micron up slightly out-of-session after a better-than-expected quarter. For the first quarter ended December 31, Micron generated net income of $803 million, compared to $491 million last year.
- Telit and U-Blox are not expected to merge after all, for lack of agreement between the two companies.
- Javier Ferrán becomes President of International Consolidated Airlines.
© MarketScreener.com 2021
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