Month: November 2019

ArcelorMittal is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero daily reported on Monday. After withdrawing from the contract, the world’s biggest steel maker is drafting a proposal for Italy’s government in which it will demand the reintroduction of legal immunity, the possibility to revise its industrial plan and the layoff of 5,000 workers. Italian Prime Minister Giuseppe Conte has postponed a meeting with ArcelorMittal’s Lakshmi Mittal, due this week, hoping that a Milan court will already decide on …read more […]

Nov.18 — SoftBank is planning to combine its Yahoo Japan internet business with messaging service Line. SoftBank is hoping the move will expand its influence online and create a viable, global competitor in some of the key industries like artificial intelligence. Bloomberg’s Dave McCombs reports on “Bloomberg Daybreak: Middle East.” …read more […]

(Bloomberg Opinion) — There are plenty of reasons why Deutsche Telekom AG and Vodafone Group Plc make for uneasy bedfellows. But if Europe’s biggest telecommunications firms can overcome their differences, they would benefit from forging a strong alliance for one of their biggest cost centers: towers.The structures on which mobile operators install their antenna have generated a flurry of dealmaking as valuations soar and European carriers sense an opportunity to reduce debt and costs. By some estimates, towers account for a third of total capital expenditures. Since July, more than $8 billion of deals have been announced in Europe.Sexy they …read more […]

FedEx’s tax rate from 34 percent to less than zero. …read more […]

Nov.18 — Ford has unveiled the Mustang Mach E, an all-electric SUV and next generation of the iconic mustang brand. Bloomberg’s Ed Ludlow reports from Los Angeles …read more […]

ING Groep N.V. (AMS:INGA) shareholders should be happy to see the share price up 24% in the last quarter. But that… …read more […]

(Bloomberg) — Chinese consumers are rediscovering their appetite for iPhones.Apple Inc. shipped 10 million iPhones in China during September and October, based on Bloomberg’s calculations from government data on overall and Android device shipments. That’s the first indication of the company’s performance following the autumn release of its latest gadgets, and it shows iPhone shipments up 6% from a year earlier, according to the China Academy of Information and Communications Technology, which is run by the country’s technology ministry.That affirms expectations that Apple’s iPhone 11 is selling more strongly than its predecessor, particularly in a market that’s second only to …read more […]

Nov.18 — Ford Motor Co. Chief Executive Officer Jim Hackett says the Mustang Mach E, an all electric sports utility vehicle, will be profitable from the first car. Hackett spoke to Bloomberg’s Ed Ludlow at the Mach E unveil event in Los Angeles. …read more […]

Kuwait’s Jazeera Airways is unhappy with delivery delays of Airbus aircraft and has no plans to place an order at this week’s Dubai Airshow, its chief executive said. Airbus and Boeing are vying for an order of up to 25 narrowbody jets from the Middle East budget carrier which now expects to place an order by the middle of next year. “We have no plans to make an order announcement at the air show,” Rohit Ramachandran told Reuters at the Dubai Airshow. …read more […]

The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E’s aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company’s product creation process he has tried to explain to skeptical …read more […]

The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have… …read more […]

Q3 2019 Insmed Inc Earnings Call …read more […]

Nov.17 — Chulanee Attanayake, visiting research fellow at the Institute of South Asian Studies of the National University of Singapore, talks about China-friendly Gotabhaya Rajapaksa’s victory in Sri Lanka’s bitterly contested presidential election. Attanayake speaks with Juliette Saly and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]

Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European Union institutions failed to protect data in line with EU law. The EDPS, the EU’s data watchdog, opened an investigation in April to assess whether Microsoft’s contracts with the European Commission and other EU institutions met data protection rules. …read more […]