China stock rally steadies nerves, Russian rouble hammered
Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russia’s rouble tumbled as the United States slapped fresh sanctions on the country.
GM squeezes pounds and pennies to attack Ford’s pickup profit machine
When General Motors Co engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly l…
Musk’s Tesla buyout plan could test Wall Street’s nerves
A leveraged buyout of electric carmaker Tesla could be an ominous sign of market exuberance, but investors may need more justification to run for the exits.
Perrigo board okays separation of prescription pharma business
Perrigo Company Plc said on Thursday its board approved a plan to separate its Prescription Pharmaceuticals (Rx) business after the generic drugmaker completed a review of its strategic portfolio.
Hungry for growth, food makers seek new flavor of CEO
PepsiCo Inc’s incoming chief executive Ramon Laguarta is the latest of a new generation of leaders tasked with reigniting growth at the world’s best-known food and drink brands as they fight back against media-savvy independent rivals.
Aldi takes on U.S. rivals with scores of new products
German-owned discount supermarket Aldi Inc is rolling out scores of new products in the United States, it said on Thursday, in an aggressive push to expand in the country even as rivals are struggling in a drawn-out price war.
China stock rally helps steady nerves, Russian ruble skids
Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russia’s rouble tumbled as the United States slapped fresh sanctions on the country.
New York City votes to cap Uber, Lyft vehicle licenses
The New York City Council on Wednesday agreed to cap the number of licenses for ride-hailing services such as Uber Technologies Inc for one year, dealing a blow to the companies that have relied on the largest U.S. metro area for a major source of thei…
Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing
Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co conducted improper fuel economy and emissions tests on their vehicles, Japan’s transport ministry said on Thursday.
Rite Aid and Albertsons terminate merger amid opposition to deal
Drug store chain Rite Aid Corp and U.S. grocer Albertsons Companies Inc agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed the deal.
