GE to focus on three businesses; slashes dividend, profit outlook
(Reuters) – General Electric Co will focus on aviation, power and healthcare, radically shrinking the most famous U.S. conglomerate into a smaller company betting on industries where it has strong technology and a large customer base.
Dubai pressures Airbus as A380 order hopes fizzle
DUBAI (Reuters) – Dubai wants a guarantee that Airbus will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world’s largest jetliner, the airline’s president said on Monday.
AB InBev replaces North America chief to stem sales slide
LONDON/BRUSSELS (Reuters) – The world’s biggest brewer, Anheuser-Busch InBev , is replacing its North American chief to stem a years-long sales decline in its largest market.
Qualcomm rejects Broadcom’s $103-billion takeover bid
(Reuters) – Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles.
Bitcoin claws back over $1,000 after losing almost a third of value
LONDON (Reuters) – Bitcoin surged on Monday, recovering more than $1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency.
Volkswagen’s truck brand MAN spends $2.8 billion to upgrade plants
MUNICH (Reuters) – Volkswagen’s heavy-trucks brand MAN said it will spend more than 2.4 billion euros ($2.8 billion) through 2020 on upgrading plants in Europe, Asia and Africa as part of efforts to overhaul production and boost profit.
Tyson Foods tops profit estimates as low-cost feed provides boost
(Reuters) – U.S. meat processor Tyson Foods Inc reported higher quarterly earnings and revenue on Monday, beating analysts’ estimates, on strong demand for chicken and beef and lower costs to buy animal feed.
Stock futures lower as tax reform uncertainty weighs
(Reuters) – U.S. stock index futures were marginally lower on Monday as uncertainty over the future of President Donald Trump’s tax reform plan weighed on the sentiment.
China’s JD.com sees stock jump after swing to third-quarter profit
(Reuters) – JD.com, China’s second largest e-commerce firm, saw its stock jump over 7 percent in pre-market trading on Monday after it reported better-than-expected income for the quarter ended in Sept. 30, due to strong sales.
GE slashes quarterly dividend ahead of expected restructuring
(Reuters) – General Electric Co chopped its quarterly dividend in half on Monday, new Chief Executive John Flannery’s first move in an overhaul of the conglomerate he is due to announce later in the day.
