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Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises

PYMNTS

Overall, industrial production, which is measured in factory, mining and utility output, was down 0.3 Business investment declined in three out of four quarters in 2019. The aerospace industry was hit by the halted production on the Boeing 737 Max airplane. percent drop in the aerospace industry’s production levels.

US 159
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Liberty Steel wants to buy time, but who will want to snap up its assets?

TheGuardian

As creditors circle, plan to sell off its key aerospace supply plant comes with one major hitch Any progress is better than none, an assessment that could apply equally to Sanjeev Gupta, his creditors at Credit Suisse and the 3,000 workers at Liberty Steel companies in the UK. Nobody, though, will be under any illusions.

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Apple Working On Secret Satellite Communications Project For iPhone

PYMNTS

The company has hired satellite and antenna designers, as well as aerospace engineers. They also hired Ashley Moore Williams, a former Aerospace Corporation executive. Many have tried to develop the technology and failed, and Apple doesn’t usually delve into industries where it doesn’t think it can make money.

Apple 131
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Siemens Invests In VR Startup Backed By Volkswagon, Audi

PYMNTS

It will also be the world’s first VR / XR hardware and software product specifically designed for industrial use, allowing professionals in sectors from aerospace to architecture to work use the technology when designing new products. The headset can be integrated with the most popular 3D engines and software tools. “We

Software 108
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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Trying to manage this fast-paced environment with annual plans, static operating budgets and gatekeeping project management offices is proving too slow and clunky for an industry that has innovators delivering new apps at 10x the pace of traditional banks. That’s the new DNA we need to increase across the banking industry.

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Taulia Reaches Supply Chain Finance Into Aerospace Sector

PYMNTS

Supply chain financing company Taulia is working with a new partner to step into the aerospace and defense industry, among others. Its software helps businesses in these spaces mitigate risk and security. Taulia has built up its business via strategic partnerships like these. Reports Thursday (Dec.

Software 100
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Joby Aviation Might Buy Uber's Air Taxi Unit

PYMNTS

Uber has engaged in “advanced talks” about selling its air taxi business Uber Elevate to Joby Aviation , a report from Axios says. Uber Elevate was formed to bolster a fleet of self-driving air taxis for the company, but until now has mostly served as a way to hold an annual conference highlighting the industry as a whole, according to Axios.