World shares’ longest rally of the year looked set to stumble on Wednesday as investors took profits before a U.S. Federal Reserve’s policy decision, which is expected to offer clues to interest rate prospects for the coming year.
BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs.
Google has made and will make a number of changes to address EU antitrust regulators’ concerns that it unfairly promoted its shopping service and hindered rivals of its Android smartphone operating system, a senior executive said on Wednesday.
Google was fined 1.49 billion euros ($1.7 billion) on Wednesday for blocking rival online search advertisers, the third large European Union antitrust penalty for the Alphabet business in two only years.
Europe’s antitrust chief Margrethe Vestager gave a cautious welcome on Wednesday to Google’s attempts to boost rivals and offer Android users a choice of browser and search apps in order to comply with her orders in two separate cases.
The world’s biggest planemaker Boeing faced growing obstacles to returning its grounded 737 MAX fleet to the skies on Wednesday, while chilling details emerged of an Indonesian crash with similarities to the Ethiopian disaster.
Shares in Germany’s Bayer’s fell more than 12 percent on Wednesday after a second U.S. jury ruled its Roundup weed killer caused cancer.
General Mills quarterly profit beat Wall Street estimates and the Cheerios cereal maker raised its full-year forecast, benefiting from its efforts to cut costs and raise prices, sending its shares up 6 percent on Wednesday.
U.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve’s interest rate outlook for the year, while some trade worries still lingered.
Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business.
EU antitrust regulators handed down a 1.49 billion euro ($1.69 billion) fine to Alphabet unit Google on Wednesday for blocking rival online search advertisers, marking the company’s third penalty in two years.
Volkswagen’s Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a board member said on Wednesday.
World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the U.S. Federal Reserve’s policy decision, seen as offering clues to interest rate prospects over the coming year.
BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs.
In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, Carlos Ghosn found time to get involved in a seemingly straightforward business decision.
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