Medtronic quarterly profit beats on strength in surgical products
Medtronic Plc beat analysts’ estimates for quarterly profit on Tuesday, boosted by sales of its surgical products, and the largest U.S. standalone medical device maker raised the upper end of its full-year earnings forecast.
Walmart holiday quarter sales rise, ecommerce jumped 43 percent
U.S. retailer Walmart Inc on Tuesday reported an estimate-beating jump in holiday quarter comparable sales, which grew for the 18th consecutive quarter.
Saab proposes to make 96 Gripen jets in India to win Air Force deal
Swedish defense firm Saab AB, which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities.
German government unlikely to make quick decision on Huawei: source
The German government will probably not take a quick decision on whether to allow China’s Huawei to build Germany’s 5G network, a government source said on Tuesday.
VW’s Audi mulls cutting night shifts at Ingolstadt plant: Handelsblatt
Volkswagen’s Audi is considering cutting night shifts at its Ingolstadt plant, Handelsblatt reported on Tuesday, citing the head of the luxury carmaker’s works council.
Alibaba boosts stake in investment bank CICC for $231 million
China’s e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp’s Hong Kong-listed shares to nearly 12 percent, an exchange disclosure showed on Monday.
Nestle says it is now well positioned in confectionery
Nestle’s success with its KitKat brand means its does not need to add new businesses after selling its candy unit to Italy’s Ferrero last year, the Swiss food group’s global head of confectionery said.
Honda to close UK car plant as Brexit looms
Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.
UK business secretary skips conference to update lawmakers on Honda
British business secretary Greg Clark will not speak at Tuesday’s EEF manufacturing conference as billed and his deputy Richard Harrington will appear instead, the Department for Business, Energy and Industrial Strategy said.
Volkswagen customer plans to take diesel case to Germany’s highest court
A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel car affected by emissions cheating, but the plaintiff’s lawyer plans to appeal.
