LONDON (Reuters) – Oil prices steadied on Thursday, but were likely to remain under pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a key meeting next week of the world’s largest exporters.
BRAUNSCHWEIG, Germany (Reuters) – Prosecutors said a probe against senior Volkswagen executives for market manipulation could be concluded this year, after they ordered the carmaker to pay 1 billion euros ($1.2 billion) to settle claims for emissions cheating.
LONDON (Reuters) – The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus program.
HAMBURG (Reuters) – Engine makers Pratt & Whitney and CFM are on track with a recovery plan after delays left Airbus having to park dozens of aircraft without engines, an executive at the European planemaker said on Thursday.
LONDON (Reuters) – Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to cut costs and make Britain’s best known engineering company more profitable and dynamic.
PARIS (Reuters) – French Finance Minister Bruno Le Maire urged General Electric on Thursday to stick to job commitments at Alstom after the U.S. group informed him it would not be able to create as many as previously planned.
HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.
LONDON (Reuters) – Britain’s Rolls-Royce said it would cut 4,600 jobs to save 400 million pounds a year in the latest attempt by CEO Warren East to simplify the business and generate more cash.
LONDON (Reuters) – Britain’s Rolls-Royce said it would cut 4,600 jobs primarily in the UK as part of a plan to simplify its business and save 400 million pounds ($536 million) a year by the end of 2020.
(Reuters) – Renault SA’s Carlos Ghosn is likely to step down as chief executive of the French carmaker before the end of his term in 2022, the Financial Times reported on Thursday.
NEW YORK (Reuters) – With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan – sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.
HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.
SAN FRANCISCO (Reuters) – Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters.
NEW YORK (Reuters) – As a biomedical engineering student at Duke University, Priya Karani thought she did not have the right skills to break into the heavily male-dominated field of Wall Street trading.
(Reuters) – The City of Chicago has selected billionaire entrepreneur Elon Musk’s The Boring Company to build a high-speed underground commuter system from the Loop to O’Hare International Airport, one of the world’s busiest, media reported on Wednesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
