General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took over French group Alstom’s energy business, the French Finance Ministry said on Tuesday.
U.S. grains trader Archer Daniels Midland Co on Tuesday missed Wall Street estimates for quarterly profit, hurt by higher expenses and lower margins in its origination business.
Viacom Inc beat analysts’ estimates for profit on Tuesday, boosted by higher fees from U.S. cable and satellite operators and the success of “Transformers” reboot “Bumblebee”.
New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business.
U.S. grains merchant Archer Daniels Midland Co on Tuesday reported a 60 percent slump in fourth-quarter profit compared with the same period a year earlier when it recorded a tax gain.
Indian steel firms are putting pressure on the nation’s government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said.
German Economy Minister Peter Altmaier said on Tuesday that only secure technology could be installed to build Germany’s 5G network, adding that clear rules applied to all providers.
Germany could take stakes in companies to prevent foreign takeovers in some key technology areas, Economy Minister Peter Altmaier said on Tuesday, presenting a new industrial strategy he said was necessary for the country’s cohesion.
Volkswagen is in talks with Swedish institutional investors AMF, AP Fund 1 and 4, Investor AB and Folksam about being cornerstone shareholders in the dual listing of its trucks unit Traton in Stockholm and Frankfurt, people familiar with the talks said.
Nissan Motor said on Tuesday it will hold an extraordinary shareholders meeting on April 8 to formally discharge its ex-chairman Carlos Ghosn following his arrest on financial misconduct charges.
Europe’s miners and banks helped world stocks extend their white hot start to the year on Tuesday, while the dollar was straining for a fourth day of gains as traders waited for U.S. President Donald Trump’s State of the Union address.
U.S. technology giant Apple said it had reached a deal with France to pay an undeclared amount of back-dated tax, with French media putting the sum at around 500 million euros ($571 million).
HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada’s Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said on Tuesday.
Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week’s upbeat U.S. data.
German Chancellor Angela Merkel said on Tuesday Germany needs guarantees that China’s Huawei Technologies will not hand over data to the Chinese state before the telecoms equipment supplier can participate in building its 5G network.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
