Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating pro…
Wall Street rises after strong May jobs data
(Reuters) – U.S. stocks rose on Friday led by bank stocks as a stronger-than-expected jobs report for May locked in expectations of an interest rate hike by the Federal Reserve this month.
Wall Street opens higher after strong jobs data
(Reuters) – U.S. stocks opened higher on Thursday, led by gains in technology and bank stocks after a stronger-than-expected U.S. jobs report cemented expectations of an interest rate hike this month.
Lufthansa to firm up details of staff shake-up by end-August: board member
FRANKFURT (Reuters) – German airline Lufthansa will firm up details of its planned staff shake-up by the end of August, management board member Bettina Volkens told German weekly WirtschaftsWoche.
Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars.
U.S. job growth surges, unemployment rate falls to 3.8 percent
WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.
Futures trim gains after strong U.S. jobs data
(Reuters) – U.S. stock index futures pared gains on Friday after data showed job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir conc…
U.S. job growth accelerates, unemployment rate drops to 3.8 percent
WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.
Apple declines invite to EU hearing, cites appeal against EU tax order
BRUSSELS (Reuters) – IPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing, saying it does not want to prejudice its challenge to an EU order to pay up to 13 billion euros ($15 billion) in back taxes to Ireland.
Where’s the data? Angst for commods traders as China trade figures held in limbo
BEIJING (Reuters) – Commodities traders have been waiting more than a week for China to release overdue monthly import-export data, frustrating many market watchers and fuelling speculation about reasons for the delay.
