Volkswagen on Thursday said vehicle deliveries for 2019 were slightly above prior year, revising upward an earlier forecast which predicted annual sales to be “on the level of prior year.”
World markets looked to have overcome their new year wobbles on Thursday, as the United States and Iran backed away from conflict in the Middle East.
Long-serving IAG CEO Willie Walsh, who started his career as a pilot 40 years ago, is to retire later this year. It brings down the curtain on one of the most influential careers in modern European aviation. The move was expected. Walsh will stand down from the role and from company’s board on March 26 […] …read more […]
(Bloomberg) — Kohl’s Corp. reported a slight drop in holiday sales, reinforcing concerns that department stores lost ground despite robust growth in U.S. consumer spending. Shares fell as much as 9.4% in early trading.Same-store sales, a key measure of retail success, declined 0.2% in November and December, the company said in a statement. Kohl’s also said profit for fiscal 2019, which ends in February, will be at the low end of its previously announced range of $4.75 to $4.95 a share.Key InsightsChief Executive Officer Michelle Gass said strength in e-commerce, beauty, footwear and other areas was offset by weakness in …read more […]
A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, judicial sources said, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges.
Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Kynetic Founder & CEO, Fanatics Executive Chairman, and Philadelphia 76ers Co-Owner, Michael Rubin. …read more […]
A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, a judicial source said, after he was summoned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges.
Former Nissan boss Carlos Ghosn is very comfortable with the judicial path in Lebanon, a lawyer for him said on Thursday, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges.
Democratic Representative Katie Porter, a first-term lawmaker known as a tough Wall Street critic, accused Wells Fargo & Co of passing on costs associated with its wide-ranging scandals to third parties, in a scathing letter sent to the bank’s new chief executive on Thursday.
“These small businesses played no role in the misdeeds committed by the Bank,” Porter, who serves on the House of Representatives Financial Services Committee, said in the letter to Wells Fargo Chief Executive Charlie Scharf. Asking for a rebate and linking it to higher costs due to regulatory backlash goes against the intent of regulator actions, Porter said. Porter requested that Wells Fargo refund the rebates by Jan. 30. …read more […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Facebook Inc said on Thursday it was making some changes to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but the updates stop far short of critics’ demands and what rival companies have pledged to do.
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