SpaceX, TeleSat Canada bids get US nod to expand satellite internet

WASHINGTON (Reuters – The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla Inc (TSLA.O) Chief Executive Elon Musk’s Space X, Telesat Canada [PSPENC.UL] and two other companies to roll out new satellite-based broadband services. FILE PHOTO: Tesla and SpaceX CEO Elon Musk participates in a “fireside chat” at the National League of …

Explainer: How does a leadership challenge to a Conservative UK prime minister

LONDON (Reuters) – Prime Minister Theresa May’s position as leader of the Conservative Party – and consequently her premiership – is under threat after Brexit minister Dominic Raab resigned in protest at her proposed exit deal with the European Union. Britain’s Prime Minister Theresa May, makes a statement outside 10 Downing Street, in London, Britain …

Dell sweetens VMware tracking stock offer with higher price, board seat

(Reuters) – Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware (DVMT.N) to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash. A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, …

JC Penney cuts sales forecast after poor third quarter, shares dive

FILE PHOTO: A J.C. Penney employee helps a customer with her purchase at the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017. REUTERS/Kamil Krzaczynski/File Photo (Reuters) – J.C. Penney Co Inc (JCP.N) cut its forecast for annual sales on Thursday while also withdrawing its outlook for full-year earnings, adding to nerves …

China Southern Airlines to quit SkyTeam alliance next year

SHANGHAI/SINGAPORE (Reuters) – China Southern Airlines (600029.SS) (1055.HK) said it will leave the SkyTeam airline alliance on Jan. 1 next year to meet the needs of the company’s own development strategy. FILE PHOTO: The company logo of China Southern Airlines is displayed at a news conference in Hong Kong, China March 27, 2018. REUTERS/Bobby Yip/File …

Conservative MP believes threshold reached for vote of no confidence in May

LONDON (Reuters) – A British Conservative lawmaker said she believed that the threshold had been reached to trigger a vote of no confidence in Prime Minister Theresa May. A challenge to May is triggered if 15 percent of the parliamentary party, or 48 lawmakers, write letters demanding a confidence vote to the chairman of the …