Siemens to cut 1,700 German jobs in efficiency drive
FRANKFURT (Reuters) – Siemens announced plans on Thursday to cut 1,700 jobs in Germany, or around 1.5 percent of the workforce in its home country, and transfer another 1,000 positions as part of an efficiency drive.
Uber deemed transport service by EU top court adviser
LUXEMBOURG/BRUSSELS (Reuters) – Uber provides a transport service and must be licensed, an adviser to the European Union’s top court said on Thursday, in a potential blow to the U.S. firm which says it is merely a digital enabler.
BT to cut 4,000 jobs in restructuring after ‘challenging year’
LONDON (Reuters) – BT said on Thursday it would cut 4,000 jobs in its Global Services unit that serves multinationals and scale back its dividend growth ambitions in a drive to recover from an accounting scandal and a profit warning.
Exclusive: Aldi raises stakes in U.S. price war with Wal-Mart
WHEATON, Ill. (Reuters) – German grocery chain Aldi Inc is trying to beat the world’s biggest retailer at its own game: low prices.
AIG plans to name Brian Duperreault as new CEO: WSJ
(Reuters) – American International Group is planning to name Brian Duperreault as its new chief executive, the Wall Street Journal reported, citing sources.
China’s tech money heads for Israel as U.S. welcome wanes
HONG KONG/TEL AVIV (Reuters) – Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel.
Aetna fully exits Obamacare exchanges with pull-out in two states
(Reuters) – Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it offered the plans.
Tesla starts taking orders for premium solar roofs
(Reuters) – Tesla Inc on Wednesday began taking orders for its solar roof tiles, a cornerstone of Elon Musk’s strategy to sell a fossil-fuel-free lifestyle under the brand name of its luxury electric vehicles.
DoubleLine’s Gundlach: European, EM equities more attractive than U.S.
NEW YORK (Reuters) – European and emerging markets equities are more attractive than U.S. equities, and volatility in stock markets is “insanely low,” influential investor and head of DoubleLine Capital Jeffrey Gundlach told Reuters on Wednesday.
Twenty-First Century Fox misses Wall Street sales target
(Reuters) – Twenty-First Century Fox Inc , the television and film company controlled by Rupert Murdoch, reported quarterly revenue below Wall Street’s expectations on Wednesday, weighed down by weaker box office results.
