Airbus unveils leaner structure and sales shake-up
PARIS (Reuters) – Airbus rolled out a leaner new structure on Monday, completing a recent merger between its parent company and its dominant planemaking arm, and including a shift in the reporting line for its key commercial sales team to group CEO To…
Tesla deliveries at low end of forecast, starting Model 3 production
(Reuters) – Tesla Inc said it delivered about 47,100 electric sedans and SUVs in the first half of 2017, at the lower end of its own forecasts, shortly after Chief Executive Elon Musk announced that production of its mass-market Model 3 would start thi…
France’s Danone to sell Stonyfield to Lactalis for $875 million
PARIS (Reuters) – French food group Danone has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave.
Britain misses out as global manufacturing surges
LONDON/SINGAPORE (Reuters) – British factories were left out of a demand-driven surge in activity across much of Asia and Europe in June, as weakness in sterling failed to translate into export growth, surveys showed.
Oil rises more than 2 percent as U.S. crude output slows
NEW YORK (Reuters) – Oil rose more than 2 percent on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to diminished U.S. output, though analysts said news of rising OPEC production could cap gains.
Global stocks, dollar, oil, treasury yields start quarter with gains
NEW YORK (Reuters) – U.S. and European shares kicked off the new quarter with gains on Monday as talk about interest rate hikes boosted bank stocks, while the dollar edged up from nine-month lows and U.S. Treasury yields hit their highest in more than …
Washington tells India Westinghouse could be sold by year end: sources
NEW DELHI (Reuters) – The U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, raising the prospect of a Washington-supported sale or bailou…
Germany’s Aldi to invest 5 billion euros in stores: Bild am Sonntag
FRANKFURT (Reuters) – German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp its stores around the world, which would be its biggest investment project ever, German weekly Bild am Sonntag repor…
Big pharma turns to AI to speed drug discovery, GSK signs deal
LONDON (Reuters) – The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline unveiling a new $43 million deal in the field on Sunday.
Exclusive: Dropbox seeks to hire IPO underwriters – sources
(Reuters) – Data-sharing business Dropbox Inc is seeking to hire underwriters for an initial public offering that could come later this year, which would make it the biggest U.S. technology company to go public since Snap Inc , people familiar with the…
