Bayer shares slide after latest Roundup cancer ruling
Shares in Germany’s Bayer’s fell more than 12 percent on Wednesday after a second U.S. jury ruled its Roundup weed killer caused cancer.
General Mills lifts profit view on cost cuts, price hikes; shares rise 6 percent
General Mills quarterly profit beat Wall Street estimates and the Cheerios cereal maker raised its full-year forecast, benefiting from its efforts to cut costs and raise prices, sending its shares up 6 percent on Wednesday.
Stock futures muted as investors await Fed outlook
U.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve’s interest rate outlook for the year, while some trade worries still lingered.
FedEx falls on 2019 forecast cut, multiple brokerages lower price target
Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business….
EU regulators fine Google 1.49 billion euros for blocking advertising rivals
EU antitrust regulators handed down a 1.49 billion euro ($1.69 billion) fine to Alphabet unit Google on Wednesday for blocking rival online search advertisers, marking the company’s third penalty in two years.
Volkswagen’s Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
Volkswagen’s Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a board member said on Wednesday.
World shares face end to winning streak as Fed looms
World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the U.S. Federal Reserve’s policy decision, seen as offering clues to interest rate prospects over the coming year.
BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts
BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs.
Counting the cost: Nissan unpicks Ghosn legacy of ‘high-handedness’ and ‘wrongdoings’
In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, Carlos Ghosn found time to get involved in a seemingly straightforward business decision.
Trial of former Nissan boss Ghosn’s expected to start in September: NHK
The trial of former Nissan Motor Co boss Carlos Ghosn on charges of under-reporting his salary is expected to start in Tokyo in September, Japan’s public broadcaster NHK said on Wednesday.
