Hewlett-Packard botched its $11.1 billion acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company’s founder Mike Lynch of fraud, a London court was told on Wednesday.
U.S. stocks opened flat on Wednesday as global growth fears and a prolonged inverted U.S. yield curve prompted investors to stay on the sidelines.
Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches.
An external committee tasked with recommending ways to improve governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
Wall Street’s main indexes were set for a flat open on Wednesday, as global growth fears and a prolonged inverted U.S. yield curve prompted investors to shun riskier assets.
– The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.
Global equity markets nudged down on Wednesday as investors hoped central bank action in the world’s biggest economies could temper some of the slowdown in global growth, despite bond yields still flagging recessionary fears.
Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said.
U.S. stock index futures edged lower on Wednesday, as investors continued to be gripped by global growth fears and an inverted yield curve that weighed on appetite for risk.
Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, it said on Wednesday.
An external committee tasked with improving governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
Swedbank confirmed on Wednesday that the Swedish Economic Crime Authority had searched its Stockholm headquarters but said no one had been informed they were suspected of a crime.
Southwest Airlines Co on Wednesday was the first major airline formally to cut its financial outlook in the wake of the recent groundings of Boeing 737 MAX planes.
Wells Fargo & Co’s corporate bank has a revenue problem.
Southwest Airlines Co said on Wednesday the recent groundings of Boeing 737 MAX planes would lead to its first-quarter revenue per available seat mile coming in below its previous forecast.
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