Nissan agrees joint venture to build Algerian car assembly plant
Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160 million, the company said on Wednesday.
Dish misses profit estimates on bigger subscriber loss, shares fall
Dish Network Corp on Wednesday missed Wall Street estimates for quarterly profit as the U.S. satellite TV service provider lost more than expected pay-TV subscribers, sending its shares down 4.8 percent.
Barclays says has spent up to 200 million pounds on Brexit
Barclays has spent 100 to 200 million pounds ($129-258 million) moving operations and staff out of Britain to prepare for Brexit, its UK chairman Gerry Grimstone said on Wednesday as bank bosses detailed the costs involved.
Renault scraps parts of Ghosn’s pay deal
Renault on Wednesday said it had decided to scrap certain lucrative pay arrangements for former chairman and chief executive Carlos Ghosn.
Mastercard CFO Martina Hund-Mejean to retire, Sachin Mehra to succeed
Mastercard Inc said on Wednesday its Chief Financial Officer Martina Hund-Mejean would retire in 2019, after more than a decade in the role, and will be succeeded by Sachin Mehra, the company’s current chief financial operations officer.
Airbus poised to ax A380 as Emirates reviews demand: sources
Airbus is nearing a decision to ax production of the world’s largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on Feb. 14, industry sources and analysts said.
Hilton profit beats on higher room rates, shares rise
Hilton Worldwide Holdings Inc reported a better-than-expected quarterly profit on Wednesday, as healthy travel demand helped the U.S. hotel operator boost room prices at a time when concerns linger around slowing global economic growth.
Lexus tops 2019 dependability rankings, Fiat struggles
Toyota Motor’s Lexus brand of luxury vehicles was the most dependable name for the eighth consecutive year, while Fiat Chrysler’s Fiat brand dropped to the bottom in an annual auto industry reliability survey published Wednesday.
‘So far, so good,’ Mnuchin says of trade talks in China
U.S. Treasury Secretary Steven Mnuchin said trade talks with China went well on Wednesday, as the world’s two largest economies try to iron out an agreement to resolve their dispute.
Ford told UK PM May it could move business overseas because of Brexit
Ford Motor Co told British Prime Minister Theresa May during a conference call on Tuesday that it may have to move some production out of Britain because of Brexit, according to a source on the call.
