Lufthansa said on Wednesday it would use the next seven days to try to reach a solution in a wage dispute with employees after trade union UFO said it would announce strikes if the airline does not make concessions.
German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops. Apple Chief Executive Officer Tim Cook is set to give a tour of the Texas factory to U.S. President Donald Trump later on Wednesday. The company has come under fire from Trump because it makes most of its products in China. …read more […]
Lowe’s Cos Inc raised its annual profit forecast on Wednesday, helping ease concerns over the health of the U.S. consumer after larger rival Home Depot Inc cut its full-year sales estimates ahead of the all-important holiday season.
James Bond’s carmaker of choice Aston Martin took a first step into the lucrative SUV market on Wednesday with an eye on winning female customers, hoping it can dig itself out of a financial black hole.
Technology company Prosus on Wednesday criticized rival suitor Takeaway.com’s bid for British food delivery service Just Eat, saying it presents “significant risks” for shareholders.
The company was started just four years ago but has been described by analysts as a disruptor to the dominance of Alibaba Group Holding Ltd’s Taobao and JD.com Inc over China’s retail sector thanks to its popularity among the country’s rural residents. It added that over 10,000 small and micro merchants were forced to choose between platforms. …read more […]
Bristol-Myers Squibb Co said on Wednesday a late-stage trial testing a combination of its cancer drugs missed a main goal of preventing skin cancer from recurring in a certain group of patients, sending its shares down nearly 1%. The company said the trial will continue unchanged as per the recommendation of a data monitoring committee. The trial was testing Bristol-Myers’ drugs Opdivo and Yervoy, against Opdivo alone, in patients with advanced melanoma. …read more […]
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
Apple Chief Executive Officer Tim Cook is set to give a tour of the Texas factory to U.S. President Donald Trump later on Wednesday. The new $1 billion, 3-million-square-foot campus will initially house 5,000 employees, with the capacity to grow to 15,000, and is expected to open in 2022, Apple said. Apple currently employs about 7,000 employees in Austin. …read more […]
Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world’s biggest share sale.
Apple Inc Chief Executive Tim Cook will give U.S. President Donald Trump a personal tour of its Texas computer factory on Wednesday, the latest sign of a close relationship between two of America’s most powerful men.
New York City’s top pension official has called on three major U.S. utilities to name independent board chairs, pressuring them to “decarbonize” their operations by 2050 and underscoring how power companies have split on whether to set such goals. New York City Comptroller Scott Stringer, who oversees about $208 billion in retirement assets, recently filed shareholder resolutions at Southern Co, Duke Energy Corp and Dominion Energy Inc. The resolutions call for shareholder votes on whether to name independent individuals to chair boards currently led by the chief executive of each company. …read more […]
Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.
South African Airways (SAA) is running out of cash and could be liquidated if the government doesn’t give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.
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