U.S. manufacturing conglomerate 3M Co on Thursday said it would lay off 2,000 workers globally as it reported a lower-than-expected quarterly profit and cut its 2019 earnings forecast due to worsening performance in key markets.
United Parcel Service Inc reported a 17.4 percent fall in first-quarter profit on Thursday, hurt by severe winter weather in the United States.
British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the “unacceptable” disclosure of confidential discussions on the role of China’s Huawei Technologies in 5G network supply chains.
Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by strong additions of high-speed internet customers in a quarter that painted another mixed picture for the biggest U.S. cable provider.
In April 2017, a group of Mexican executives filed into the Texas governor’s mansion in Austin for a meeting they hoped would help save a trillion-dollar trade deal.
German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.
Canada’s Bombardier Inc cut its full-year profit and revenue forecast on Thursday, as delays in some large projects hit its dominant transportation unit that makes rail cars.
Finland’s Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers.
Southwest Airlines Co reported a 16 percent drop in quarterly profit on Thursday, saying a U.S. government shutdown, maintenance disruptions and the grounding of its Boeing 737 MAX jets knocked $150 million off its bottom line.
D.R. Horton Inc on Thursday forecast full-year home sales, the mid-point of which was below Wall Street expectations.
Uber resumed operations in Slovakia’s capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said.
Canada’s Bombardier Inc on Thursday cut its full-year profit and revenue forecast, due to slower production ramp-up of some of its large projects in its transportation business.
Former Nissan Chairman Carlos Ghosn was set to walk out of a Japanese jail for a second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail
The head of Germany’s BdB banking association said on Thursday that a merger of Deutsche Bank and Commerzbank did not make sense and added that the German economy was big enough to accommodate several big banks.
Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business.
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