Goldman Sachs says executives will not attend Saudi conference
Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday.
Colgate halts Venezuela detergent plant for lack of boxes
U.S. consumer goods maker Colgate-Palmolive Co has halted production at its detergent and dish soap plant in Venezuela because it lacked cardboard boxes to ship products, a union leader said on Thursday.
VW’s Porsche expects to repeat record vehicle sales this year
Volkswagen’s Porsche brand does not need a stock market listing to fund growth, Chief Executive Oliver Blume said, adding he is confident the maker of the iconic 911 sportscar can repeat last year’s record sales in 2018.
Campbell Soup CEO sees no room for concessions to Third Point
Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday.
Casino confident on disposal plan, third-quarter sales accelerate
French retailer Casino , which is battling investor concern over its high debt, said sales growth accelerated in the third quarter, reflecting an improving performance in France and Brazil and it predicted a similar trend for the fourth quarter.
Senator Warren urges Fed to require removal of Wells Fargo CEO
U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.
Busy as a Jollibee: Asia’s fast-food giant expands abroad
Jollibee Foods , a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 percent now, its chief executive told Reuters.
Souring sentiment drags global stocks lower; oil falls
Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy’s budget concerns and a widening gap between the United States and Saudi Arabia.
Wall Street slides on weak earnings, hawkish Fed, Saudi concerns
U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve’s minutes.
Michelin cuts market forecasts on EU emissions squeeze, China slowdown
French tire maker Michelin cut its full-year market forecasts on Thursday and said a sales slowdown would worsen in the fourth quarter, blaming weaker Chinese vehicle demand and new emissions standards that have hit European registrations.
