Pratt may revert to previous engine seal for A320neo: sources
BERLIN/PARIS (Reuters) – Engine maker Pratt & Whitney is likely to return to a previous seal as a way of temporarily dealing with the latest issues on the geared turbofan engine for the Airbus A320neo, according to several people familiar with the matter.
Daimler to invest 2.6 billion euros in trucks division by 2019
FRANKFURT (Reuters) – Daimler said it will invest 2.6 billion euros ($3.2 billion) in research and development at its trucks division by 2019, as part of a broader effort to mass produce electric heavy-duty commercial vehicles from 2021.
Intel plans $5 billion investment in Israel by 2020: minister
JERUSALEM (Reuters) – Chipmaker Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in Israel in the next three years, Israeli Economy Minister Eli Cohen said on Wednesday.
Dollar up and stocks down before key Fed meeting minutes
LONDON (Reuters) – The dollar rose to its highest level in a week on Wednesday and world stocks fell for the third day as investors braced for minutes from the Fed’s last policy meeting to see if they would herald more rises in interest rates and globa…
Volkswagen reaches German deal on wages, leave, pensions
FRANKFURT (Reuters) – Volkswagen has agreed to raise the wages of around 120,000 workers in Germany by 4.3 percent from May, resolving a dispute that had prompted its first strikes since 2004.
Dish Network profit surges on $1.2 billion U.S. tax law benefit
(Reuters) – Dish Network Corp’s fourth-quarter profit surged due to a roughly $1.2 billion benefit related to U.S. tax law reforms, the U.S. satellite and internet TV provider said Wednesday.
Bosch starts new division, acquires U.S. carpooling start-up
(Reuters) – Germany’s Robert Bosch [ROBG.UL] on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift.
Lotte Group chairman gives up management rights at key Japan holding company
SEOUL (Reuters) – The chairman of South Korea’s Lotte Group, who was convicted for bribery last week, has relinquished representative rights at a key Japanese holding company, adding further uncertainty to a conglomerate reeling from a plunge in busine…
Daimler to start serial production of eActros truck in 2021
STUTTGART (Reuters) – Daimler said on Wednesday it aims to start serial production of an electric heavy truck with a range of 200 km (124 miles) in 2021, Daimler Trucks chief Martin Daum said.
Dollar hits one-week high as focus shifts to Fed
LONDON (Reuters) – The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve’s last policy meeting. World stocks looked set to fall for a third straight d…
