Absent from America, French cars drive into Iran election
LONDON/PARIS/FRANKFURT (Reuters) – French carmakers PSA and Renault are turning their U.S. absence into an Iranian advantage by piling into a resurgent market still off-limits to foreign rivals fearful of sanctions under Donald Trump’s administration…
U.S. home appliances shipments rise 13.7 percent year-on-year in April
STOCKHOLM (Reuters) – Deliveries of the six biggest categories of white goods (AHAM 6) in the United States rose 13.7 percent year-on-year in April, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Monday.
Ford to cut North America, Asia salaried workers by 10 percent: source
WASHINGTON/DETROIT (Reuters) – Ford Motor Co plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday.
Several top fund managers trim Allergan stakes in first quarter
NEW YORK (Reuters) – Six closely watched investors sliced their stakes in Allergan Plc during the first quarter, recent regulatory disclosures show, cutting what had been one of the years’ best performing health stocks that has stumbled in recent days…
Euro climbs on integration hopes as Trump furor knocks dollar
LONDON (Reuters) – The euro hit a six-month peak and German stocks touched a record high on Tuesday as signals on further European integration contrasted with political turmoil and fresh doubts about the economy in the United States.
Cyber attack could spark lawsuits but not against Microsoft
(Reuters) – Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp itself enjoys strong protection from lawsuits…
Former SolarCity CEO Lyndon Rive will leave Tesla
(Reuters) – SolarCity founder Lyndon Rive, who steered the dramatic growth of the biggest U.S. residential solar company before driving its sale to Tesla Inc , is leaving the electric vehicle maker in June, he said on Monday.
Icahn takes new 19.8 million share stake in Conduent in first quarter
NEW YORK (Reuters) – Billionaire investor Carl Icahn acquired a new 19.8 million share stake in business services provider Conduent Inc in the first quarter and sold out of pharmaceutical firm Allergan Plc and speech technology group Nuance Communica…
New York county sues Purdue, J&J over opioid marketing
(Reuters) – A county in New York state has sued Purdue Pharma LP, Johnson & Johnson and other drugmakers, accusing them of engaging in fraudulent marketing that played down the risks of prescription opioid painkillers, leading to a drug epidemic.
Buffett’s Berkshire boosts American, Southwest airline bets; sheds Fox
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co , and shed its stake in Twenty-First Century Fox Inc .
