Bombardier reins in financial goals; eyes Belfast plant sale, shares drop
Canada’s Bombardier Inc on Thursday shied away from pledges to meet 2020 financial objectives, and shares of the train and plane manufacturer sank as much as 10 percent in morning trading, as company cited headwinds in its rail division and announced n…
Airbus sees Bombardier’s Belfast plant as ‘key supplier’
Airbus on Thursday declined to say whether it was interested in buying Bombardier’s Belfast plant after the Canadian firm put it up for sale, but described the Northern Ireland facility as a “key supplier”.
VW shrugs off 1 billion euro legal hit with higher SUV sales
Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.7 percent higher.
Blackstone sues RCS owner over disputed HQ sale
U.S. private equity firm Blackstone Group has launched legal action against the chairman and controlling shareholder of Italian publisher RCS Mediagroup over a disputed property sale, a copy of the lawsuit showed.
Foxconn chairman Gou meets with Trump on Wisconsin project
Foxconn chairman Terry Gou met U.S. President Donald Trump at the White House on Wednesday to discuss the status of the Taiwanese company’s planned investment in Wisconsin, Foxconn said on Thursday.
Wall Street inches higher with earnings in spotlight
U.S. stocks edged higher on Thursday as a handful of positive earnings reports helped investors look past the Federal Reserve’s policy decision that dented hopes of interest rate cuts.
Caterpillar hikes dividend, gives details on services push
Caterpillar Inc will issue a record dividend for the second quarter, up 20 percent from its previous payout, and plans to further increase returns to shareholders over the next four years, the company said on Thursday ahead of its investor day presenta…
Volkswagen sets aside 5.5 billion euros in contingent liabilities for diesel scandal
Volkswagen said it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible risks arising from a diesel cheating scandal, chief financial officer Frank Witter said on Thursday.
Kellogg to replace CFO, earnings dive 36.5 percent; shares drop
Kellogg Co said on Thursday it will replace its chief financial officer, and the breakfast foods and snacks maker reported a 36.5 percent decline in first-quarter earnings, citing a strong U.S. dollar and higher costs.
Shareholders snub UBS leadership over French tax conviction
UBS Group shareholders refused on Thursday to endorse the performance of the Swiss bank’s leadership last year in a rare rebuke sparked by a French conviction for helping wealthy clients evade taxes.
