Apple accuses Qualcomm of patent infringement in countersuit
(Reuters) – Apple Inc on Wednesday filed a countersuit against Qualcomm Inc, alleging that Qualcomm’s Snapdragon mobile phone chips that power a wide variety of Android-based devices infringe on Apple’s patents, the latest development in a long-running…
VW CEO sees ‘strong’ Nov/Dec sales, new record in 2017
BERLIN (Reuters) – Volkswagen is headed for record group sales this year as the “strong trend” in deliveries is set to continue with November and December figures, chief executive Matthias Mueller said.
Chipotle co-founder Ells to step down as CEO
(Reuters) – Chipotle Mexican Grill Inc’s founder Steve Ells will step down as chief executive of the burrito chain once it finds a replacement with “demonstrated turnaround expertise”, the company said on Wednesday.
Volkswagen CEO sees ‘strong’ Nov/Dec sales, new record in 2017
BERLIN (Reuters) – Volkswagen Chief Executive Matthias Mueller said on Wednesday the group’s “strong trend” in auto sales would continue with November and December figures, enabling the carmaker to post record deliveries this year.
New electric London taxi poised for second overseas market
LONDON (Reuters) – London’s black-cab maker could strike a deal soon on the second overseas market for the new electric version of its famous taxi, the boss of the Chinese Geely-owned firm told Reuters on Wednesday.
Tax bill hopes pull futures higher
(Reuters) – Wall Street indexes were set to climb at opening on Wednesday after progress on a U.S. tax bill and talk of deregulation in the banking sector pushed stocks to record levels.
Hong Kong listing would help Aramco with huge Chinese demand for IPO: HKEX CEO
SINGAPORE (Reuters) – Hong Kong Exchanges & Clearing (HKEX) Chief Executive Charles Li said a Hong Kong listing by Saudi Aramco would help the oil giant to anchor huge Chinese demand for its planned IPO.
Exclusive: PSA seeks Opel refund from GM over CO2 emissions
PARIS (Reuters) – Peugeot maker PSA Group, which paid General Motors 1.3 billion euros for Opel, now wants about half of the money back after discovering the full extent of its CO2 emissions challenges and exposure to European fines, sources told Reute…
Tiffany’s sales, profit top estimates on demand for fashion jewelry
(Reuters) – Jeweler Tiffany & Co’s sales and profit beat market estimates, helped by strong demand for its fashion and high-end solitaire jewelry in its first full quarter under new Chief Executive Alessandro Bogliolo.
Exclusive: Daimler rebuffs Geely offer to buy stake; Geely still hopeful of a deal – sources
HONG KONG/BEIJING (Reuters) – Daimler AG has turned down an offer from China’s Geely to take a stake of up to 5 percent via a discounted share placement, as the German automaker has long been reluctant to see existing shareholdings diluted, sources wi…
