VW targets online sales, over-the-air updates in new contract with European dealers
Volkswagen will overhaul its dealership and sales organization by April 2020 to enable online sales and over-the-air software updates for its new electric cars, the German automaker said on Tuesday.
Wells Fargo to shift EU hub to Paris in Brexit plan
Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy that will shift its servicing of European mainland customers out of London.
Uber proposals value company at $120 billion in a possible IPO – WSJ
Uber Technologies Inc [UBER.UL] could be valued at $120 billion when it finally goes public next year according to recent proposals made by U.S. banks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Unilever to engage more with shareholders
Unilever will engage more with its shareholders and has learned lessons from investors’ opposition to the consumer goods group’s pay policy, a company executive said on Tuesday in response to questions from a British parliamentary committee.
Goldman Sachs profit beats on higher equity trading, investment banking
Goldman Sachs reported a better-than-expected quarterly profit on Tuesday, driven by its equities trading and investment banking businesses that offset weakness in bond trading.
Walmart lowers earnings outlook due to Flipkart buy; shares drop
Walmart Inc lowered its earnings forecast for the year on Tuesday and said its e-commerce growth next year would be slower than the current fiscal year that ends in January, sending its shares down in premarket trading.
Degree of calm returns to battered stocks; Italy helps out
World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now.
BlackRock profits rise, sales hurt by investor sentiment
BlackRock Inc reported a better-than-expected quarterly profit on Tuesday, helped by lower taxes, but the company’s sales growth sank as investors cut risk in their portfolios.
Musk says new autopilot chip to be available in six months
Tesla Inc Chief Executive Officer Elon Musk said a new chip that improves autopilot features would be available in about six months in all of the company’s new production electric cars.
Stock futures rise on upbeat results from UnitedHealth, Morgan Stanley
U.S. stock futures signaled a slight recovery on Tuesday, as upbeat earnings reports from Morgan Stanley and UnitedHealth among others helped ease jitters over the impact of various global issues on corporate profits.
