GE’s chief communications officer Deirdre Latour to leave company
(Reuters) – General Electric Co said on Wednesday that its chief communications officer and senior adviser, Deirdre Latour, would be leaving the company in mid-March to pursue other opportunities.
Wall Street reverses course to trade higher
(Reuters) – Wall Street’s main indexes inched higher on Wednesday morning, reversing course from losses earlier in the session that were sparked by stronger-than-expected inflation data.
U.S. regulator warns about Pratt engine shutdown risk on Airbus jets
NEW YORK (Reuters) – New engines made by Pratt & Whitney for the latest Airbus single-aisle jetliner, the A320neo, pose a potential shutdown risk, the U.S. aviation regulator said on Wednesday.
Exclusive: Russia’s En+ invites banks to pitch for $1 billion share sale – sources
LONDON/MOSCOW (Reuters) – Russia’s En+ Group has invited international banks to pitch for the sale of $1 billion(721.60 million pounds) of shares in the company that manages the aluminum and hydropower businesses of Russian businessmen Oleg Deripaska,…
Higher wages, fuel prices turn up cost pressure on airlines
BERLIN (Reuters) – With inflation paramount in investors’ minds at a time of rising wages and oil prices, the line separating winners and losers in the global airline industry this year looks likely to be drawn on how well they manage costs, especially…
Campaigners to challenge ‘fit and proper’ ruling on Fox bid for Sky in court
LONDON (Reuters) – The decision by regulators that Twenty-First Century Fox would be a “fit and proper” owner of Sky will be challenged in court, campaign group Avaaz said on Wednesday.
Lexus tops 2018 dependability rankings, FCA struggles: J.D. Power
(Reuters) – Toyota Motor Corp cars won in six of the 19 categories in an annual auto industry reliability survey published on Wednesday, while Fiat Chrysler Automobiles trailed in the bottom three of the report’s main rankings.
Fossil comes alive as stock jumps 79 percent on short squeeze
(Reuters) – Fossil Group Inc’s shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
Wall Street opens lower on strong U.S. inflation data
(Reuters) – U.S. stocks fell half a percent at the open on Wednesday, following three days of gains, after data showed core inflation posted its biggest gain in a year in January, stoking fears of faster-than-expected increases in interest rates.
Sky investor Polygon says Fox offer undervalues broadcaster
LONDON (Reuters) – Hedge fund Polygon Global Partners, which is an investor in Sky , said the outcome of the English Premier League soccer rights auction supported its view that the takeover by Twenty-First Century Fox undervalues the British company….
