The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler , PSA executives and union representatives said. At a PSA works council meeting, all trade union representatives on the council voted to give a favourable opinion on the merger. …read more […]
Home Depot Inc cut its full year sales forecast on Tuesday, saying it was taking longer than expected for its investments to integrate its online and in-store shopping experience to pay off.
Wall Street’s reaction so far to Walt Disney Co’s long-awaited streaming service suggests investors believe the competition may not be as crushing as expected for entertainment rival Netflix Inc .
The home-improvement retailer earned $2.8 billion in the third quarter. …read more […]
Home Depot missed sales expectations in the fiscal third quarter and lowered its guidance for the full year. …read more […]
The U.S. National Transportation Safety Board (NTSB) will meet on Tuesday to determine the probable cause of the April 2018 engine failure of Southwest Airlines Co flight 1380 that killed a passenger who was partially sucked out the window. Jennifer Riordan of New Mexico, a 43-year-old Wells Fargo vice president and mother of two, was killed after the engine exploded and shattered a plane window. The accident occurred 20 minutes into the flight when a fan blade failed on a Boeing 737-700 jet powered by two CFM International CFM56-7B engines after taking off from New York’s LaGuardia Airport. …read more […]
A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent.
Singaporean gas importer and marketer Pavilion Energy has taken the unusual step of cancelling the loading of a liquefied natural gas (LNG) cargo from the United States, but has agreed to pay for it, several industry sources told Reuters. The global LNG market is awash with new supply amid slowing demand in key countries such as China and Japan, leaving some traders with cargoes they have bought but are unable to resell. “Pavilion Energy evaluated scheduling and other commercial matters, then took the decision not to lift the cargo in full coordination with the supplier,” a spokeswoman for …read more […]
Emirates still intends to take the 150 Boeing 777X jets it had ordered, but that could change depending on the delivery schedule, its president said on Tuesday.
The top 200 Chinese companies spanning consumer, technology, industrial, property and financial industries reported September quarter earnings well ahead of market expectations, setting them up for a strong showing next year, analysts said.
U.S. fried chicken chain Popeyes wants to become the top chicken brand in China, the chief executive of its parent company said on Tuesday, as it prepares to take on KFC, the no.1 player in the world’s most populuous market. Popeyes signed a lease in Shanghai for its first store in China on Monday, which is slated to open next year. The company outlined plans in July to build 1,500 restaurants in China in the coming decade, becoming the last of Toronto-based Restaurant Brands International Inc’s main brands to enter the country. …read more […]
Oil extended declines to $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the United States and China as well as an expected rise in U.S. crude inventories.
A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct.
A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct. The once-feted executive has spent 129 days in detention since his arrest shortly after his private jet touched down at a Tokyo airport on Nov. 19, 2018. Nissan sacked Ghosn, saying its internal investigations revealed misconduct ranging from understating his salary while he was its chief executive, and transferring $5 million of Nissan funds to an account …read more […]
Boeing’s 737 MAX took center stage at the Dubai Airshow on Tuesday as airlines announced plans to order up to 50 of the jets worth $6 billion at list prices despite a global grounding in place since March.
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