BMW doubles battery production capacity in the United States
BMW Group said on Wednesday it would double its production capacity for electric vehicle batteries at its U.S. plant in South Carolina as it ramps up manufacturing of plug-in hybrid vehicles to include the X3 vehicle in addition to the X5.
Wall Street slips after dismal Caterpillar, Boeing results
U.S. stocks fell on Wednesday after bleak earnings from industrial bellwethers Caterpillar and Boeing exacerbated concerns of a slowing global economy that have roiled financial markets this year.
GSK raises 2019 earnings expectations after standout quarter for Shingrix
GlaxoSmithKline beat second quarter profit expectations with the help of strong demand for its shingles vaccine, prompting the British drugmaker to forecast a smaller fall in profit this year than originally anticipated.
UPS profit rises as e-commerce shipping speeds up
United Parcel Service Inc on Wednesday said demand for its Next Day Air and Ground services drove better-than-expected quarterly profit as large retailers rushed packages to online shoppers.
Wall St. slips at open on weak results from Caterpillar, Boeing
U.S. stocks opened lower on Wednesday after bleak earnings from bellwethers Caterpillar and Boeing exacerbated concerns over slowing global growth.
GM Cruise to delay commercial launch of self-driving cars to beyond 2019
General Motors Co’s self-driving unit, Cruise, said on Wednesday it was delaying the commercial deployment of cars past its target of 2019 as more testing of the vehicles was required.
Boeing posts biggest loss in a decade after 737 MAX grounding
Boeing Co reported a nearly $3 billion quarterly loss on Wednesday, its largest in a decade, as the world’s largest planemaker struggles with the prolonged grounding of its best-selling 737 MAX jet, sending its shares down slightly in premarket tradin…
Facebook to pay record $5 billion U.S. fine over privacy violations; critics call it a bargain
Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday.
Deutsche Bank stumbles to big loss on road to reinvention
Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion), underlining the challenges faced by Chief Executive Christian Sewing as he attempts to turn around the struggling business.
Caterpillar’s earnings disappoint on weak China sales, higher costs
Caterpillar Inc’s earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China, and higher production and restructuring costs, leading to a nearly 4% fall in its shares in premarket trade.
