Hyundai to halt South Korea output as China virus disrupts parts supply
Hyundai Motor will suspend production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China.
Ups and downs: the battle to buy Thyssenkrupp’s elevator unit
Finland’s Kone and private equity firms are battling to buy ThyssenKrupp’s prized elevator division worth more than 15 billion euros ($16.6 billion), a deal which would be Europe’s biggest private equity deal in 13 years.
Ralph Lauren holiday margin gets boost from higher prices for winter wear
Higher prices for Ralph Lauren Corp’s down jackets and fleeces during the crucial holiday season boosted its margin and helped the company beat quarterly profit estimates on Tuesday, sending the fashion house’s shares up over 8%.
ConocoPhillips misses profit estimates, boosts share buyback by $10 billion
ConocoPhillips boosted its share buyback program by $10 billion on Tuesday even as lower oil and gas prices continued to batter the world’s largest independent oil and gas producer’s profit.
Google parent Alphabet loses trillion-dollar status after revenue miss
Alphabet Inc shares fell 4% on Tuesday after the search giant posted its first holiday-quarter revenue miss in five years, even as new disclosures on the company’s smaller YouTube unit were warmly welcomed by Wall Street.
VW’s Skoda targets Indian revival with tougher safety, emission rules
Skoda is hoping government moves to drag regulations for cars sold in India up to developed market standards will help turn around its fortunes in a market where it has stalled.
Defense aircraft demand boosts U.S. factory orders; underlying weakness lingers
New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December amid strong demand for defense aircraft, but weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing even as business confi…
Wall Street recovery continues on China stimulus measures
Gains in technology heavyweights helped Wall Street’s main indexes climb for the second day on Tuesday, with fresh intervention by China’s central bank calming investor nerves.
Electric dream: Britain to ban new petrol and hybrid cars from 2035
Britain will ban the sale of new petrol, diesel and hybrid cars from 2035, five years earlier than planned, in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine.
Ralph Lauren closes half of China stores on coronavirus outbreak
Ralph Lauren Corp said on Tuesday it has shut about half of its 110 stores in China due to the coronavirus outbreak, which has so far killed over 420 people.
