FedEx shares drop as economic slowdown prompts 2019 profit forecast cut
Shares of FedEx Corp fell nearly 8 percent on Wednesday, after the delivery package company jolted investors with a steeper-than-expected cut in its 2019 profit forecast warning of weakening freight demand as the global economy slows.
World stocks and oil scramble higher after plunge
Global equity and crude oil markets attempted on Wednesday to claw their way out of a three-day long plunge that saw investors seek out the safety of bonds amid mounting pessimism over world growth.
General Mills posts quarterly profit above estimates, shares rise
General Mills Inc reported quarterly profit above Wall Street estimates on Wednesday, as the Cheerios cereal maker raised prices and eked out higher margins from cost savings.
Estonia arrests ten in Danske Bank money laundering inquiry
Estonia has arrested 10 former employees of the local branch of Danske Bank as part of an international investigation into alleged money laundering.
Thyssenkrupp to propose Merz as chairwoman as year of turmoil ends
Thyssenkrupp will propose as chairwoman Martina Merz, whose background includes roles at Volvo , Bosch [ROBG.UL] and Lufthansa , the German company said, as it prepares to spin off its capital goods units.
Exclusive: Renault-Nissan finances draw scrutiny in Ghosn scandal – documents
Renault-Nissan executives including the French carmaker’s general secretary Mouna Sepehri worked on an abortive 2010 plan to pay out part of Chairman Carlos Ghosn’s Nissan compensation through the companies’ Dutch holding Renault-Nissan BV (RNBV), acc…
Facebook says preferential data access was with user permission
Facebook Inc said it did not give some companies access to people’s data without their permission, after the New York Times reported on Tuesday that the social network allowed some large technology companies greater access to user data.
Travel agents want EU antitrust probe into Lufthansa surcharges
Travel lobbying group ETTSA, whose members include Amadeus and booking.com, on Wednesday urged EU antitrust regulators to investigate Lufthansa’s surcharges and other allegedly discriminatory measures against travel agents.
Truckmaker Volvo sells 75 percent of connected car unit to VW
Volvo has agreed to sell 75.1 percent of WirelessCar, a digital service developer specializing in connected driving, to Volkswagen (VW) for 1.1 billion Swedish crowns ($121.5 million), the Swedish truckmaker said on Wednesday.
General Mills reports quarterly profit above estimates, shares rise
General Mills Inc reported quarterly profit above Wall Street estimates, as the Cheerios cereal maker managed to eke out higher margins from cost saving initiatives, sending its shares up nearly 5 percent before the bell on Wednesday.
