Amazon offered billions in tax breaks for second U.S. headquarters
(Reuters) – U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.
Rosneft’s Sechin says no watershed in oil market, U.S. shale oil a risk
VERONA, Italy (Reuters) – A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia’s Rosneft, Igor Sechin, said on Thu…
Nissan says to suspend all Japanese car production
YOKOHAMA (Reuters) – Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.
Unilever sales disappoint as competition bites big brands
LONDON (Reuters) – Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.
Novartis to shut U.S. generics plant, cut 450 jobs
ZURICH (Reuters) – Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.
Airbus A330neo takes off on maiden flight
TOULOUSE, France (Reuters) – Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 line designed to sharpen competition with the latest version of Boeing’s 787 Dreamliner.
Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain
TOKYO (Reuters) – Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
World stocks stumble after all-time high, kiwi takes a dive
LONDON (Reuters) – World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street’s Dow index helped to offset nerves in Spain.
Airbus A330neo plane successfully takes off on maiden flight
TOULOUSE, France (Reuters) – Airbus began the maiden flight of its A330neo jetliner, a plane which is an upgraded version of its profitable A330 family and is designed to sharpen competition with the Boeing 787 Dreamliner.
Nestle accelerates restructuring as sales growth stays tepid
ZURICH (Reuters) – Swiss food giant Nestle expects organic sales growth to stay muted in the fourth quarter and is speeding up its restructuring program as it seeks to improve profit margins.
