General Motors Co’s majority-owned Cruise self-driving car unit said on Tuesday it received a $1.15 billion investment from a consortium of investors, valuing the subsidiary at $19 billion.
Ferrari beat forecasts on Tuesday with a 14 percent rise in first-quarter core earnings, boosting its shares on growing expectations the Italian luxury carmaker might soon raise its full-year financial targets.
Drugmaker Mylan NV missed Wall Street estimates for quarterly revenue on Tuesday, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dollar, sending its shares down 4.5 percent.
Jet Airways’ pilots’ union has appealed to India’s top court to direct state lender, State Bank Of India, to release interim funding to the grounded airline, according to a court filing made on Tuesday which was reviewed by Reuters.
U.S. President Donald Trump’s latest threat to ramp up trade tariffs on China kept global share markets weak on Tuesday, while Turkey’s lira was back in trouble as concerns about its politics erupted again.
Wall Street was set to open lower on Tuesday, as renewed worries over a prolonged trade spat between the United States and China weighed on investor sentiment.
German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests.
German prosecutors have imposed a fine of 535 million euros ($598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions cheating, they said in a statement on Tuesday.
The head of the EU executive said on Tuesday that U.S. President Donald Trump could be trusted on EU-U.S. trade relations and that the Sino-U.S. trade conflict needed to be resolved soon to restore investor confidence.
French tycoon Xavier Niel has agreed a 2.7 billion euro ($3.02 billion) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad.
Allergan Plc reported a better-than-expected quarterly profit on Tuesday and raised its profit and revenue forecasts for the year, fueled by higher sales of its growth driver Botox.
China has been changing laws to address U.S. concerns about fair treatment of foreign companies, but with some vague wording and persistent concerns about enforcement, it is unclear if this will leave Washington satisfied.
The European Commission has set a July 9 deadline for deciding whether to approve Vodafone’s proposed purchase of Liberty Global’s cable business in Germany and eastern Europe.
Vodafone stepped up its battle to gain regulatory approval for its Liberty Global deal on Tuesday by offering rival Telefonica Deutschland access to its enlarged high-speed broadband network.
Italian luxury carmaker Ferrari confirmed its full-year targets after core earnings rose 14 in the first quarter, driven by a strong performance of its Portofino model.
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