Whirlpool forecasts 2020 largely above estimates as profit beats
Whirlpool Corp beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs.
Renault board meeting Tuesday to seal De Meo’s CEO nomination: report
Renault’s board is set to meet on Tuesday to approve naming Luca de Meo, formerly the head of Volkswagen’s Seat brand, as its next chief executive, Le Figaro newspaper reported on Monday.
Mexico’s America Movil fined 1.3 billion pesos by telecoms regulator
America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said in a regulatory filing on Monday that one of its subsidiaries had been fined 1.3 billion pesos ($69.53 million) by Mexico’s telecoms regulator.
Crowded Lagos to ban motorbikes from most of Nigerian metropolis
Nigeria’s business capital Lagos will ban commercial motorcycles from nearly the entire city, citing overcrowding and safety, authorities said on Monday, a move that could change the commute for thousands and threaten ride-hailing startups.
Wall Street tumbles as virus fuels economic worry
U.S. stocks suffered their worst day in over three months on Monday as China extended the Lunar New Year holiday due to a virus outbreak, fueling worries about the economic impact of containment efforts in the world’s second largest economy.
Former Boeing CEO Muilenburg resigns from Caterpillar board
Caterpillar Inc said on Monday former Boeing Co Chief Executive Officer Dennis Muilenburg had resigned from its board.
New York, FTC sue ‘pharma bro’ Shkreli, others over Daraprim price hikes
Martin Shkreli, the “pharma bro” in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York attorney general’s office for an alleged scheme to preserve his monopoly for the drug Daraprim, whose price increase…
Whirlpool profit beats estimates on higher prices, cost cuts
Whirlpool Corp beat analysts’ estimates for quarterly earnings and forecast 2020 profit largely above expectations on Monday, as the appliances maker raised prices and reined in expenses to cushion the impact of higher production costs.
Judge dismisses Wall Street ‘fear gauge’ lawsuit against Cboe
A federal judge on Monday dismissed an antitrust lawsuit by investors who accused the parent of the Chicago Board Options Exchange of letting anonymous traders rig the “fear gauge,” Wall Street’s main gauge of future stock market volatility, at their e…
Brazil antitrust regulator gives nod to Boeing-Embraer deal
Brazilian antitrust regulator Cade on Monday approved Boeing Co’s purchase of Embraer SA’s commercial aviation division without restrictions, according to a statement on the agency’s website.
