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Huawei defies U.S. ban with strong growth in smartphone sales

Business / Corporate Oct 17, 2019

Huawei defies U.S. ban with strong growth in smartphone sales

Huawei Technologies Co.'s revenue jumped 24 percent in 2019's first nine months, defying the sanctions of U.S. President Donald Trump's administration to sustain growth in its pivotal smartphone business. China's largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to ...

Business / Corporate Oct 17, 2019

Subaru's Gunma plant halted after Typhoon Hagibis hits suppliers

Subaru Corp.'s operations at its sole vehicle assembly plant in Japan have been halted since Wednesday afternoon because supply chains were disrupted by Typhoon Hagibis, the automaker has said. Subaru has been offering support, including staffers, to parts suppliers damaged by the typhoon. The company ...

SoftBank plans $5 billion in rescue financing for WeWork

Business / Corporate Oct 17, 2019

SoftBank plans $5 billion in rescue financing for WeWork

SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion of rescue financing in an effort to salvage one of the conglomerate's biggest investments. The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with ...

Harley halts output of electric model pivotal to revival bid

Business / Corporate Oct 15, 2019

Harley halts output of electric model pivotal to revival bid

Harley-Davidson Inc. has halted production of LiveWire, the debut electric bike it's counting on to attract new riders. The motorcycle maker recently discovered an issue during final quality checks, according to an emailed statement that doesn't provide details. Harley said it stopped production and deliveries ...

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