General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs, sending its shares down more than 3 percent in pre-market trading.
Daimler’s German workforce will seek to defend local jobs if the luxury carmaker attempts to shift some production to the United States in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters.
Nestle on Wednesday lost its attempt to protect the shape of its four-finger Kit Kat chocolate bar in European Court of Justice after a tussle of over a decade to establish that it had a distinctive character.
Problems with weldings have forced French utility EDF to delay the start-up date for its troubled Flamanville 3 nuclear reactor to the second quarter of 2020 and pushed its cost estimate up to three times the original budget.
The European Commission is drawing up a list of $20 billion of U.S. goods to hit with duties if Washington imposes tariffs on imported cars, European Union trade commissioner Cecilia Malmstrom said on the eve of her boss’s meeting with U.S. President Donald Trump.
Deutsche Bank’s new boss hailed significant progress in his efforts to reshape the bank, having cut a quarter of the staff at its global equities business as the lender posted a decline in quarterly profit.
Anthem Inc raised its full-year adjusted earnings forecast, as the health insurer reported better-than-expected profit on Wednesday, helped by premium rate increases and lower patient medical costs.
Former Fiat Chrysler chief executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from recent surgery. Sergio Marchionne, man and friend, is gone,” FCA Chairman John Elkann, scion of the controlling Agnelli family, said in a statement. …read more […]
Qualcomm Inc is yet to win China’s nod to buy Dutch chipmaker NXP Semiconductors even as a deadline for the offer to expire is just hours away, raising the prospect the deal could be scuppered amid Sino-U.S. trade tensions.
Former Fiat Chrysler chief executive Sergio Marchionne has died, the carmaker’s controlling family shareholder said on Wednesday.
Facebook’s long-running effort to go into China got a boost this week after …read more […]
Irish airline Ryanair has told over 300 pilots and cabin crew that they may lose their jobs as it cuts its Dublin-based fleet by 20 percent for the winter season after recent strikes hurt bookings and airfares in its home market.
Deutsche Bank will start to plow more money into its investment banking operations and expects the business to pick up after lagging peers’ performance in the quarter.
The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imported cars, EU trade commissioner Cecilia Malmstrom told the Swedish newspaper Dagens Nyheter on Wednesday.
Irish airline Ryanair has told over 300 over pilots and cabin crew that they may lose their jobs as it cuts its Dublin-based fleet by 20 percent for the winter season after recent strikes hurt forward bookings.
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