SEOUL (Reuters) – General Motors’ South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a profit from 2019.
SEOUL (Reuters) – U.S. activist fund Elliott Management said it will vote against Hyundai Motor Group’s restructuring plan and urged other shareholders to reject the proposal to reform South Korea’s second-largest conglomerate.
Solon, OHIO (Reuters) – At Nestle’s $50 million research center outside Cleveland, food technicians and packaging experts set out three years ago to remake its frozen food lineup and appeal more to busy, health-conscious adults in their 20s and 30s.
TOKYO (Reuters) – Mazda Motor Corp has named the head of its Americas operations as its next president and CEO after its current chief steps down in June, as Japan’s fifth-largest automaker seeks to expand in North America, its biggest market.
A White House official dismissed a view expressed by Sen. John McCain about President Donald Trump’s CIA nominee, saying Thursday at a staff meeting that “it doesn’t matter” because “he’s dying anyway,” two people in the room told The Associated Press. Kelly Sadler was discussing McCain’s opposition to Trump’s pick for CIA director, Gina Haspel, when she made the comment, according to the two people, who described feeling shocked and stunned by the remark. The White House did not dispute the remark. …read more […]
SYDNEY (Reuters) – AMP Ltd could see A$35 billion in investor outflows due to the hit to its reputation from board-level misconduct, analysts at Macquarie Group Ltd said on Friday, sending shares in the Australian wealth manager to a seven-year low.
ELKHART, Ind. (AP) — Embracing his role as party leader, President Donald Trump issued a stern warning at a rally Thursday that Democrats would disrupt the economic progress of his administration, imploring Republicans to mobilize during the 2018 midterm elections. …read more […]
TOKYO (Reuters) – Mazda Motor Corp said on Friday that president and CEO Masamichi Kogai would step down and be replaced by Akira Marumoto, who currently serves as vice president and oversees operations in the Americas.
SYDNEY (Reuters) – Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast U.S. inflation data tempered expectations for faster Federal Reserve interest rate rises this year.
Judicial Watch President Tom Fitton on the newly released emails that show that FBI officials advised former FBI Director James Comey to coordinate his congressional testimony last summer with special counsel Robert Mueller. …read more […]
YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head per floor in high-rise “hog hotels”.
Ford’s top executives took heat from shareholders over their plan to do away with sedans as we know them in Ford’s North American lineup, as the company held its annual meeting Thursday. Critics said the plan to shelve the Fiesta, Focus and Taurus, reduce the Focus to one crossover model, and concentrate on high-margin trucks and SUVs was a shortsighted abandonment of entire market segments of affordable vehicles. …read more […]
(Reuters) – File sharing and storage company Dropbox Inc beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company.
YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head per floor in high-rise “hog hotels”.
(Reuters) – News Corp , controlled by media mogul Rupert Murdoch, topped analysts’ estimates for quarterly revenue on Thursday as the company benefited from a rise in online subscriptions and strong performance in its digitial real estate business.
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