Airbus met 2018 delivery target subject to audit: sources
Airbus provisionally hit its main industrial target of 800 aircraft deliveries in 2018 after record handovers in December, two people briefed on the matter said.
Stocks stay strong as Europe shrugs off Samsung warning
A solid shift from Europe and high Wall Street futures kept world stocks at a three-week high on Tuesday, after Asia was knocked back by a shock profit warning from tech giant Samsung and a tick-up in borrowing costs.
LG Electronics sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins
South Korea’s LG Electronics Inc said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations.
Samsung Electronics says weak chip demand sent fourth-quarter profit well below market estimates
Samsung Electronics surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to “ease confusion” among investors already fretting about a global tech slowdown.
BMW says sold 2.49 million BMW, Mini and Rolls-Royce vehicles in 2018
German carmaker BMW on Tuesday said it achieved record sales of 2.49 million BMW, Mini and Rolls-Royce vehicles last year.
Ryanair’s Spanish cabin crew unions call off Tuesday strike
Unions representing Ryanair cabin crew in Spain called off plans to strike on Tuesday to allow time for further talks, the SITCPLA and USO unions said in a statement.
Exclusive: China’s HNA touts assets for sale as funding crunch intensifies
China’s indebted HNA Group met bankers on Tuesday to tout the latest assets that the sprawling conglomerate is putting on the block as it looks to raise funds and stave off an intensifying cash crunch.
S&P cuts PG&E ratings to junk, warns of further downgrade
S&P Global Ratings on Monday stripped California power utility PG&E Corp of its investment-grade credit rating and kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly wildfires.
India’s top court backs Monsanto on GM cotton payments
India’s Supreme Court ruled on Tuesday that U.S. seed maker Monsanto can claim patents on its genetically modified (GM) cotton seeds in the world’s biggest producer of the fiber.
Group close to India’s ruling party seeks change in patent act after pro-Monsanto court verdict
A nationalist group close to Indian Prime Minister Narendra Modi’s party said on Tuesday it would seek a legislative amendment to the rules governing patents, after the country’s top court ruled in favor of Monsanto’s cotton seed patent.
