Airbus to recoup some engine nacelle work from suppliers
PARIS (Reuters) – Airbus told European governments on Wednesday that it has made a strategic decision to bring the design of some nacelles or aircraft engine casings inside the company, rather than leaving it with suppliers, according to a presentation…
Shopify slides after Citron criticizes marketing business model
TORONTO (Reuters) – Shopify Inc shares fell over 11 percent on Wednesday after short-seller Citron Research said the stock of the Canadian provider of online retailing software was overvalued, according to traders and analysts.
Currency impact on North American companies’ second quarter results up vs first quarter: report
NEW YORK (Reuters) – The negative effect of currency fluctuations on North American companies’ results in the second quarter rose slightly from the first quarter, but was down from a year ago, currency risk consulting firm FIREapps said on Wednesday.
Wall Street climbs to fresh highs after Tillerson’s comments
(Reuters) – Wall Street scaled new record highs on Wednesday after U.S. Secretary of State Rex Tillerson denied reports that he considered resigning, allaying fears of fresh turmoil in the Trump administration.
SEC chair floats potential delay to fund data rules following hack
WASHINGTON (Reuters) – The chairman of the U.S. Securities and Exchange Commission (SEC) has floated a possible delay to new investment fund data gathering rules following a hack that has raised questions over the regulator’s cyber security controls.
Tesco whistleblower tells of mounting anxieties over accounts gap
LONDON (Reuters) – A senior accountant at Tesco described mounting pressures on managers as the food business under-performed against targets in 2014, telling a London court that his attempts to have the targets revised down had fallen on deaf ears.
Trade union Unite to pursue legal action for Monarch workers who lost jobs
LONDON (Reuters) – British trade union Unite said on Wednesday it would launch legal action on behalf of over 1,800 workers who lost their jobs when Monarch Airlines went in to administration earlier in the week.
S&P, Nasdaq reverse to hit fresh highs on Tillerson comments
(Reuters) – The S&P 500 and the Nasdaq reversed course to scale new record highs on Wednesday after U.S. Secretary of State Rex Tillerson denied reports that he had considered resigning.
German carmakers relying on volume to confront Tesla
FRANKFURT (Reuters) – BMW and Mercedes are betting they can mass produce new electric cars based on conventional vehicles, defying sceptics who say they will need more radical designs to head off the threat from Tesla and other start-up carmakers.
UBS chairman joins in bitcoin bashing by bankers
ZURICH (Reuters) – UBS Chairman and former Bundesbank President Axel Weber said on Wednesday bitcoin does not fulfil some of the most important functions of currency, the latest senior banker to express scepticism about the cryptocurrency.
