Truckmaker Volvo to take $778 million emissions hit
Sweden’s Volvo is setting aside 7 billion Swedish crowns ($778 million) to cover costs related to its admission in October that its truck and bus engines could be exceeding limits for nitrogen oxide emissions.
Apple set to pull some iPhones from its German stores after Qualcomm enforces ban
Apple Inc is likely to pull some iPhone models from its German stores after Qualcomm Inc said on Thursday it had posted security bonds to enforce a court order banning the sale of those iPhone models in the country.
Major automakers bullish on U.S. market despite rising interest rates
Major automakers on Thursday shrugged off declines in U.S. new vehicle sales in December and said they were bullish about 2019 even as economists warned that rising interest rates will discourage consumers from buying cars in the year ahead.
UAW sues GM over use of temporary workers at Indiana plant
The United Auto Workers union sued General Motors Co in federal court on Thursday, claiming the automaker’s use of temporary workers at a plant in Indiana violates its labor deal and escalating a fight over GM’s plans to possibly close U.S. factories….
Google shifted $23 billion to tax haven Bermuda in 2017: filing
Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce.
Apple warning shakes European shares as tech stocks tumble
Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply.
Airbus bags new orders as delivery target doubts grow
Airbus narrowed a sales gap against U.S. rival Boeing by finalising orders for 120 of the former Bombardier CSeries jet, but shares in Europe’s top planemaker fell as doubts surfaced over a target for overall 2018 deliveries.
Cost to insure Bristol-Myers debt hits highest since 2010
The cost to insure Bristol-Myers Squibb debt hit its highest point since 2010 on Thursday, following the announcement that the U.S. pharmaceutical company would acquire rival Celgene Corp in a deal worth $74 billion.
Bristol-Myers bulks up with $74 billion deal to buy Celgene
Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, creating one of the biggest pharmaceutical companies and combining two significant cancer drug businesses.
Delta shares fall 10 percent on lowered outlook; drags down rivals
Shares of Delta Air Lines Inc fell about 9 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.
