Business & Finance News
Disappointing reports from Boeing and General Motors pushed U.S. stock index futures lower on Wednesday, ahead of a closely watched meeting between President Trump and European Union officials on trade.
General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs as a result of tariffs imposed by U.S. President Donald Trump’s administration, sending its shares down more than 5 percent in pre-market trading.
Boeing Co reported a better-than-expected profit on Wednesday, but cut its full-year forecast for margins in its defense business citing higher costs in the KC-46 aerial refueling tanker program.
Sergio Marchionne was one of the auto industry’s most demanding and tenacious chief executives and he rescued Fiat and Chrysler, two of its most storied brands.
Coca-Cola Co topped Wall Street estimates for quarterly sales on Wednesday, driven by the success of new versions of Diet Coke and demand for Zero Sugar brand.
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.
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.
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.
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