Daimler trims profit expectations on diesel issues
Daimler has increased provisions for issues related to diesel vehicles, the company said on Sunday, dimming the prospects for the carmaker’s second-quarter earnings.
Germany’s Metro says $6.6 billion bid undervalues company
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further.
FedEx, in another error, misses delivery of Huawei package to U.S.
FedEx Corp said on Sunday an operational error prevented a Huawei Technologies package from being delivered to the United States, just weeks after the U.S. delivery company said an error led to the Chinese firm’s packages being misdirected.
Illiquid assets held by Woodford’s UK fund pose hurdle to reopening
Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds.
India’s space startups ignite investor interest
From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in India, catching the attention of investors keen to join the space race.
FedEx apologizes for not delivering Huawei phone to U.S., cites operational error: report
FedEx Corp said an “operational error” caused a Huawei Technologies Co Ltd phone to not be delivered to the United States and the package delivery company apologized for the error, the Global Times reported on Sunday.
Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate
The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corpora…
Velodyne Lidar hires bankers for an IPO: Business Insider
Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process.
Daimler to recall 60,000 Mercedes diesels in Germany over emissions
Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions tests, the Transportation Ministry said on Saturday.
Exxon Mobil seeks bids for Norwegian offshore assets
Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.
