Peugeot boss Tavares has car manual for fixing Fiat Chrysler
With a track record of streamlining Peugeot’s portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France’s most profitable carmaker with Fiat Chrysler (FCA).
Apple, Amazon, Google partner to make smart home devices more compatible
Amazon.com Inc , Apple Inc and Alphabet Inc’s Google are partnering to lay the groundwork for better compatibility among their smart home products, the companies said on Wednesday.
Peruvian prosecutor investigating deaths of two McDonald’s employees
A Peruvian prosecutor’s office said it was investigating the death of two teenaged employees in a McDonald’s-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.
Despite IPO flameouts, 2019 sets record for U.S. unicorn births
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.
Indian tribunal backs Mistry’s reinstatement as chairman of Tata Sons
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.
Dollar gains on Fed rates view, stocks edge higher
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.
Airbus sees strong sales haul this year on Asia demand, long-range A321
Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.
Daimler agrees to $20 million settlement over U.S. vehicle recalls
Daimler AG’s Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
Canada’s SNC-Lavalin unit to plead guilty to fraud charge in Libya case: La Presse
An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year.
Oil steadies on U.S. crude inventories fall, demand hopes
Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.
