As Google races ahead, German carmakers look to go faster on autonomous driving
Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles….
United Tech profit beats forecasts on aerospace jump
United Technologies Corp beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate’s shares higher.
Facebook’s Sandberg says Zuckerberg should remain CEO, chairman
Facebook’s operations chief said the world’s largest social network needed to earn back public trust and was investing billions of dollars a year to improve the security of its network.
Greenlight’s Einhorn tweaks portfolio, says CFO to leave
Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors on Wednesday he had made some changes to the fund’s main portfolio, including selling Bayer , Mylan and Perrigo last year.
EnBW open to partnerships in U.S. offshore wind expansion
German utility EnBW could seek more partners in its planned push into the burgeoning U.S. offshore wind sector, its chief executive said.
Deutsche Bank CEO says bank cooperating with German prosecutors
The chief executive of Deutsche Bank, Christian Sewing, said on Wednesday the lender had the biggest interest in cooperating with German prosecutors who searched its offices in November as part of an investigation into money laundering allegations.
CEOs sour on Trump polices, warn they hurt business, investment
From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way.
Einhorn’s Greenlight sells some positions, covers prominent shorts
Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors that he had made some changes to the portfolio, including selling Bayer , Mylan and Perrigo last year.
Wall Street bounces back on strong corporate earnings
U.S. stocks rose on Wednesday, as strong earnings from IBM, United Technologies and Procter & Gamble led a rebound for Wall Street from its second biggest decline in 2019.
Third former Tesco director cleared of fraud over 2014 scandal
The last of three former senior directors of Tesco accused of fraud at Britain’s biggest retailer in 2014 has been formally acquitted, leaving the Serious Fraud Office without a conviction for the accounting scandal.
