News for nerds
A drop in airline flights from China and Hong Kong due to the coronavirus is increasing demand for private jets as wealthy passengers try to get out, executives say, but travel bans and nervous crew have kept that from translating Read more
Prosecutors said Huawei had violated the terms of partnerships with US companies and stolen trade secrets such as source code and robot technology. It adds to a list of other charges brought by the US last year. Those accused Huawei Read more
Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday. The sale price Read more
Quarterly profit at SoftBank Group Corp (9983.T) was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. Wednesday’s dismal results could further dampen investor enthusiasm for Read more
Raytheon has received a subpoena from the U.S. Securities and Exchange Commission related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014. The investigation relates to payments made by Raytheon Read more
A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation’s largest, citing what he called the CIO’s “long and cozy” relationship with Beijing, and assailed the fund’s investments in Read more
E-cigarette maker Juul Labs Inc bought online advertisements on teen-focused websites for Nickelodeon, Cartoon Network and Seventeen magazine after it launched its product in 2015, according to a lawsuit filed on Wednesday by the Massachusetts attorney general’s office. The allegations Read more