Bayer , the world’s largest maker of seeds and pesticides, said U.S. farmers were unperturbed by lawsuits seeking damages from Bayer for an alleged cancer-causing effect of glyphosate-based herbicides.
General Electric Co posted a $1.3 billion loss in the third quarter on Wednesday, and said revenue was flat as it struggles to restore growth and profits after taking a $22 billion accounting charge a year ago.
Telecom network equipment maker Nokia has hired hundreds of engineers in Finland this year to speed up its 5G development, the company said on Wednesday. The Finnish company, rival to Sweden’s Ericsson and China’s Huawei, slashed its 2019 and 2020 profit outlook last week, saying profit would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business. Nokia has recruited 350 staff in Finland this year, 240 in its mobile networks unit and many dedicated to developing SoC (system on chip) integrated circuits – a key element for its 5G …read more […]
As Tiger Woods staged his dramatic comeback at Augusta National Golf Club earlier this year, most of Emerson Electric Co’s fleet of luxury corporate jets swooped in.
Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll apply a basic P/E… …read more […]
Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.
World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. interest rate cut was offset by reports a Sino-U.S. trade deal may be delayed, but a possible $50 billion merger between Fiat-Chrysler and PSA capped European losses.
Potential American Airlines Group Inc. (NASDAQ:AAL) shareholders may wish to note that the Independent Director, James… …read more […]
The results signaled “progress in the transformation of GE,” Chief Executive Officer Larry Culp said. GE shares were up 7 percent at $9.71 in premarket trading. On an adjusted basis, GE earned 15 cents per share, compared with 11 cents that analysts had on average expected, according to IBES data from Refinitiv. …read more […]
Boeing Co Chief Executive Dennis Muilenburg will face a second day of questions Wednesday from U.S. lawmakers on its now grounded 737 MAX after sharp criticism at a Senate hearing Tuesday. U.S. Representative Peter DeFazio, who heads the House Transportation and Infrastructure Committee that will hear from Muilenburg on Wednesday, said in a written statement that the committee’s lengthy investigation into the MAX has turned up significant questions about Boeing’s decision-making. DeFazio said the panel is aware of “at least one case where a Boeing manager implored the then-Vice President and General Manager of the 737 program …read more […]
On Tuesday, for example, J&J announced that other labs it hired ultimately found no asbestos in samples from the bottle tested by the U.S. Food and Drug Administration or from the same production lot. In challenging the FDA’s finding, however, the healthcare giant is casting doubt on one of its own experts. The private Maryland lab that found asbestos in Baby Powder under a contract with the FDA is run by a paid expert witness for J&J. …read more […]
The Italian government is following talks between Fiat Chrysler and Peugeot owner PSA over a possible tie-up, Industry Minister Stefano Patuanelli said on Wednesday.
Germany’s Bayer is now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer, more than twice the tally in July, raising the stakes in the group’s efforts to reach a settlement.
Fiat Chrysler and Peugeot owner PSA are in talks over a potential tie-up that could create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the global auto industry.
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