German ministers discussed on Wednesday how to safeguard security in future 5G mobile networks, government sources said, amid intense debate over whether to shut China’s Huawei Technologies out of the market.
The U.S. trade deficit narrowed sharply in November amid declines in imports of cellphones and petroleum products.
General Motors Co on Wednesday swung to a quarterly profit, lifted by high-margin pickup trucks and crossovers in the U.S. market plus cost cutting, and the No.1 U.S. automaker maintained its full-year 2019 earnings forecast.
Abu Dhabi’s Etihad Airways has approached banks to raise over $500 million to finance four Boeing 787 Dreamliners it previously ordered, two sources familiar with the matter said.
Alstom shares rallied on Wednesday after the European Commission rejected the French rail manufacturer’s plan to merge with Siemens’ rail division to create a powerful European rail business.
Brazilian airline Azul SA will replace more of its aging E-Jet fleet, made by local manufacturer Embraer SA, with larger planes from Airbus SE this year, the carrier said in a securities filing on Wednesday.
German ministers were due to meet on Wednesday to discuss how to safeguard security in future 5G mobile networks, two government sources said, amid intense debate over whether to shut China’s Huawei Technologies out of the market.
French conglomerate Bouygues, which has a 28 percent stake in Alstom, said it regretted the European Union’s decision to veto a merger between Alstom and Siemens but added it was confident over Alstom’s prospects.
Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators rejected the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges.
Volvo Cars said on Wednesday it would recall 167,000 of its XC60 model vehicles due to a possible fault with the electric tailgate mechanism.
A $2 billion effort by China’s Huawei to address security issues raised in a British government report last year will take between three and five years to produce results, according to a company letter to British lawmakers seen by Reuters.
Europe should change its competition rules to facilitate cross-border mergers and create European champions which can compete with rivals from China and the United States, German Economy Minister Peter Altmaier said on Wednesday.
Eli Lilly and Co cut its 2019 profit forecast on Wednesday, hit by a recent trial failure of conditionally approved cancer treatment Lartruvo and costs related to its pending acquisition of Loxo Oncology.
Private equity firm Carlyle Group LP on Wednesday reported a 35 percent rise in distributable earnings for the final three months of 2018, supported by a rise in the fees it earns on the money it manages for investors.
Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent increase in quarterly operating profit buoyed by rising valuations for its technology investments.
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