Benzinga Before The Bell: Robinhood Denies Merger Buzz, Alibaba''s Q1 Cloud Growth, Oil Price Rebound And Other Top Financial Stories Thursday, August 4
Reuters Airbus Cancels A350 Aircraft Contract With Qatar Airways In a stunning turn in a dispute threatening World Cup preparations, Airbus SE (OTC: EADSY ) has canceled all of Qatar Airways’ outstanding orders for A350 aircraft, cutting off all future jetliner business with the Gulf carrier, reported Reuters, citing industry sources. Six months ago, Airbus also terminated the entire deal for 50 A321neo aircraft in retribution for Qatar’s refusal to accept A350 deliveries. After having nearly half of its A350 aircraft grounded due to premature surface damage, Qatar Airways filed a lawsuit against Airbus for at least $1.4 billion. Top Chipmaker Samsung Forced To Slash Smartphone Production In Vietnam – Report Samsung Electronics Co, Ltd (OTC: SSNLF ) curtailed production at its massive smartphone plant in Vietnam to counter rising inventory amid reduced consumer spending, Reuters reports. Vietnam’s northern province of Thai Nguyen, one of Samsung’s two mobile manufacturing bases in the country, accounts for half of its phone output.
Benzinga Before The Bell: Robinhood Denies Merger Buzz, Alibaba''s Q1 Cloud Growth, Oil Price Rebound And Other Top Financial Stories Thursday, August 4
Reuters Airbus Cancels A350 Aircraft Contract With Qatar Airways In a stunning turn in a dispute threatening World Cup preparations, Airbus SE (OTC: EADSY ) has canceled all of Qatar Airways’ outstanding orders for A350 aircraft, cutting off all future jetliner business with the Gulf carrier, reported Reuters, citing industry sources. Six months ago, Airbus also terminated the entire deal for 50 A321neo aircraft in retribution for Qatar’s refusal to accept A350 deliveries. After having nearly half of its A350 aircraft grounded due to premature surface damage, Qatar Airways filed a lawsuit against Airbus for at least $1.4 billion. Top Chipmaker Samsung Forced To Slash Smartphone Production In Vietnam – Report Samsung Electronics Co, Ltd (OTC: SSNLF ) curtailed production at its massive smartphone plant in Vietnam to counter rising inventory amid reduced consumer spending, Reuters reports. Vietnam’s northern province of Thai Nguyen, one of Samsung’s two mobile manufacturing bases in the country, accounts for half of its phone output.