Daimler says is reviewing production footprint amid global tariffs
Daimler Chief Financial Officer Bodo Uebber on Thursday said the company is reviewing ways to counter tariffs between China and the United States that have caused a price hike of Mercedes-Benz sports utility vehicles sold in China.
Bill Ackman’s Pershing Square buys Hilton stake
Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said on Thursday.
ScS Group to stop selling via House of Fraser stores by end of January
ScS Group Plc said on Thursday it would stop selling made-to-order sofas, furniture and flooring at stores operated by collapsed British departmental store group House of Fraser, by the end of January.
Vivendi’s Canal+ backs African TV dramas as European sales suffer
On a muddy side-street in Abidjan, Alex Ogou directs his cast of young locals in a TV drama about gangsters in Ivory Coast that French media giant Vivendi hopes will help revive its fortunes.
Exclusive: 2-DEER: China’s HNA Group seeks buyer for $300 million ‘Dream Jet’ – sources
Cash-strapped Chinese conglomerate HNA Group has put up for sale its luxurious $300-million-plus corporate “Dream Jet” that sports a “seven-star” hotel-style cabin, say six aviation industry sources familiar with the matter.
Daimler hit by Germany slump, CEO forecasts high fourth quarter demand
Daimler Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
Stocks plunge as global growth, U.S. earnings spook investors
Asian shares plunged on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.
Bill Ackman’s Pershing Square buys stake in Hilton
Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday.
Hyundai Motor posts big profit miss on U.S. recall costs; shares dive
Hyundai Motor posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin as U.S. recall costs weighed.
Chinese state-owned automaker FAW Group gets $144 billion credit line
China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth over 1 trillion yuan ($144 billion), but did not give specific reasons as to why it wanted to secure access to such a large amount of funding.
