Honeywell beats profit estimates, lifts full-year forecasts
(Reuters) – Honeywell International Inc reported a better-than-expected quarterly profit, as sales in its aerospace unit and the business that caters to the energy industry were not as bad as it had feared.
GlaxoSmithKline’s new CEO prepares to trim drug pipeline
LONDON (Reuters) – GlaxoSmithKline’s new chief executive, who has already made her mark with plans to divest some nutritional products, will turn next week to the main business of focusing the company’s pipeline of new drugs.
German carmakers may have colluded on diesel systems: Spiegel
FRANKFURT (Reuters) – Germany’s carmakers VW , BMW, Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees, German magazine Der Spiegel reported on Friday.
Wanted: Housewives to beat staff crunch at Japan’s FamilyMart
TOKYO (Reuters) – Japan’s second-largest convenience store chain hopes it has found an answer to its labor problems – housewives.
Court blocks $18 billion British class action against MasterCard
LONDON (Reuters) – A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked by a British court on Friday.
GE shares fall as profit slumps, investors await new CEO’s targets
(Reuters) – General Electric Co’s shares dropped sharply on Friday after it posted a 59-percent decline in second-quarter profit and put off an expected cut to 2018 earnings targets until November, when new CEO John Flannery will be four months into h…
Wall Street dips as GE, energy shares weigh
NEW YORK (Reuters) – U.S. stocks ticked lower on Friday as weak earnings from industrial giant General Electric weighed, while tech shares retreated from record highs and energy tracked the price of oil lower.
UK sidelined as Europe looks beyond Brexit in aerospace
PARIS (Reuters) – Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry i…
Audi to recall 850,000 diesel cars to update emissions software
FRANKFURT (Reuters) – Luxury car maker Audi has launched a recall for up to 850,000 diesel-fueled cars to update vehicle software controlling emissions in a bid to avoid potential driving bans, it said on Friday.
French banks could create 1,000 jobs in Paris post-Brexit: lobby
PARIS (Reuters) – French banks could shift about 1,000 jobs currently based in London to Paris to keep staff in the European Union after Britain exits the EU, said the French Banking Federation.
