Bayer , the German drugmaker that bought U.S. seed company Monsanto, on Thursday announced the sale of a number of businesses, job cuts affecting 10 percent of its staff and 3.3 billion euros ($3.8 billion) in impairments.
Bayer said on Thursday it was looking into strategic options for its sunscreen brand Coppertone and Dr. Scholl’s foot care products and will also divest its animal health division.
Wall Street was set to dip at the open on Thursday following a rally led by Federal Reserve Chair Jerome Powell’s dovish comments, with investors taking a cautious stance in the run up to the U.S.-China trade talk at the G20 Summit.
BMW said it can force its hybrid cars switch to an electric-only mode in heavily polluted inner-city areas, helping its vehicles compete with pure battery-driven rivals as a raft of cities seek to create emissions-free zones.
U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve recording its smallest annual increase since February.
A dovish tone from Fed Chairman Jerome Powell lifted world stocks to their highest in more than two weeks on Thursday, but an uncompromising tone from U.S. President Trump on trade dampened optimism and set U.S. stocks up for a weaker open.
Oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC.
Unilever’s Chief Executive Paul Polman will retire in January after 10 years in the job, leaving insider Alan Jope to step into his shoes after the group’s failed attempt to shift its headquarters.
Abercrombie & Fitch Co forecast same-store sales for the holiday quarter above analysts’ estimates on Thursday, driven by strong sales at its Hollister and flagship stores, sending its shares soaring as much as 16.3 percent in premarket trading.
Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said.
Apparel retailer Abercrombie & Fitch Co topped quarterly same-store sales estimates on Thursday, driven by higher sales at its Hollister and flagship stores.
U.S. stock index futures fell on Thursday, following a sharp rally in the prior session after Federal Reserve Chair Jerome Powell eased worries about monetary tightening, as focus shifts to a high stakes U.S.-China trade talk at the G20 Summit.
Fiat Chrysler pledged on Thursday to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy between 2019-2021 in a bid to fill under-utilized plants, conserve jobs and boost operating margins in Europe.
Ford warned that Prime Minister Theresa May’s Brexit agreement should be backed to avoid a no deal “catastrophe” but said that a guarantee on long-term frictionless trade, which is key to the future of its British plants, is not clear enough.
U.S. stock index futures fell on Thursday, following a sharp rally in the prior session after Federal Reserve Chair Jerome Powell eased worries about monetary tightening, as focus shifts to a high stakes U.S.-China trade talk at the G20 Summit.
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