Fiat Chrysler cuts debt by more than expected
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year.
Palma in Spain’s Balearic Islands bans almost all Airbnb-style rentals
MADRID (Reuters) – Palma de Mallorca, capital of Mediterranean tourist destination the Balearic Islands, voted on Thursday to ban almost all short-term rentals of private homes like those on Airbnb, which locals say have triggered sharp rises in rental…
Bayer, Monsanto deal on track for U.S. approval by end of May: source
WASHINGTON (Reuters) – German drug and crop chemical maker Bayer AG’s bid to buy seed and chemical company Monsanto Co is on track to win U.S. antitrust approval by the end of May, unless there is a last-minute complication, a source familiar with the …
GM profit dips on truck changeover but beats estimates
DETROIT (Reuters) – General Motors Co on Thursday reported a higher-than-expected quarterly profit despite a drop in production of high-margin pickup trucks, as it gears up for new models that are expected to boost profits next year.
ConocoPhillips profit beats expectations on rising oil prices, cost cuts
HOUSTON (Reuters) – U.S. oil producer ConocoPhillips posted a bigger-than-expected quarterly profit on Thursday, on rising crude prices and cost cuts.
Exclusive: Chip wars – China closing in on second $19 billion semiconductor fund: sources
HONG KONG/SHANGHAI (Reuters) – China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade s…
Futures bounce as tech results shine
(Reuters) – U.S. stock index futures pointed to a strong open for the tech-heavy Nasdaq on Thursday as a slew of upbeat earnings from Facebook and Qualcomm helped set aside worries over rising U.S. bond yields and corporate costs.
GM quarterly profit falls but beats Wall St estimates
DETROIT (Reuters) – General Motors Co on Thursday reported a lower first-quarter net profit as it began the changeover to a redesigned family of high-margin pickup trucks that resulted in lower production, but came in above Wall Street expectations.
Disney plays up local ties in China amid trade standoff
SHANGHAI (Reuters) – Shanghai Disneyland should be viewed as a local company in China, Walt Disney said on Thursday, shrugging off concerns that U.S.-China trade tensions could affect visitor numbers or import costs for the $5.5 billion theme park.
PepsiCo tops estimates on growth in developing markets
(Reuters) – PepsiCo Inc’s quarterly revenue and profit beat Wall Street’s targets on Thursday as it sold more beverages and snacks in developing markets and posted a smaller sales decline in its North America beverages unit.
