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Apple legal surrender a blow for its supply chain strategy

Bloomberg Apple Inc.’s legal surrender is a blow for the company’s supply chain strategy, and one of the biggest tests of its push to cut reliance on providers of key components. The iPhone maker struck a deal with Qualcomm Inc. to halt all litigation and start using the chipmaker’s modems again, likely including important new 5G versions. That ended a ...

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Ford expects $1 billion profit from truck plant

Bloomberg Ford Motor Co. predicted an earnings boon from converting just one car plant to make trucks and sport utility vehicles. And the automaker said that factory is just the first of many that will pump out more profit. In 2021, Ford will reap $1 billion more in earnings before interest and taxes than it did two years ago from ...

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Brexit extension leaves UK manufacturers in limbo

Bloomberg The latest Brexit delay means more uncertainty, frozen investment and lost customers for UK manufacturers. That’s the verdict of Stephen Phipson, who represents 5,000 companies as chief executive officer of the MakeUK industry lobby group. Prime Minister Theresa May’s agreement with the European Union to postpone Brexit to October 31 from April 12 leaves companies in limbo, he said ...

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