Adidas cut its 2018 revenue forecast on Wednesday after third quarter sales fell in western Europe, where it was hit by changing fashions and Nike’s gains in soccer.
The Russian-Chinese joint venture developing a new long-haul jet is choosing between General Electric’s GEnX and Rolls Royce’s Trent 7000 engines and plans to make a decision by the first half of next year, one of its chief designers said.
Boeing Co said on Wednesday it had issued a safety bulletin reminding pilots how to handle erroneous data from a key sensor in the wake of last week’s crash in Indonesia.
Wall Street was set for a modestly firmer open on Wednesday and global stocks rose after significant U.S. election gains for the opposition Democrats, but the outcome may rule out further tax cuts, sending the dollar and Treasury yields sharply lower.
U.S. stock futures pointed to strong opening gains on Wall Street on Wednesday after mid-term elections handed the House of Representatives to the Democrats but saw Republicans reinforce their control of the Senate.
Ahold Delhaize’s chief executive on Wednesday confirmed the Dutch retailer will partner with start-up Takeoff to build small, automated warehouses to speed order picking and cut delivery times from its U.S. stores.
The U.S. stock market may be facing the remainder of Donald Trump’s presidential term with the prospect of less juice to supercharge it.
Goldman Sachs Chief Executive David Solomon said on Wednesday it was “very distressing” that two former employees “blatantly broke the law” in their dealings with Malaysian state fund 1MDB.
Adidas raised its 2018 profit forecast on Wednesday after selling more of its top-end sports shoes, although the German sportswear and fashion firm cut its revenue target due to a fall in sales in western Europe.
Finnish mobile telecom network maker Nokia announced on Wednesday that it had signed frame deals with China Mobile, China Telecom and China Unicom worth more than 2 billion euros ($2.3 billion).
Wall Street stock futures and Asian shares lost steam on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda.
German carmaker BMW’s third-quarter operating profit fell 27 percent to 1.75 billion euros on Wednesday, below analyst expectations, as higher research and development expenses weighed on earnings.
U.S. stock futures pointed to a modestly higher opening on Wall Street on Wednesday after Democrats won control of the House of Representatives in U.S. mid-term congressional elections.
German sportswear firm Adidas hiked its 2018 profit guidance, citing a strong financial performance in the first nine months of the year, but trimmed revenue target due to weaker-than-expected growth in western Europe.
The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank’s governor, three sources familiar with the government’s thinking told Reuters.
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