VW pledges productivity gains at troubled core brand
WOLFSBURG, Germany (Reuters) – Volkswagen is targeting fixed productivity gains at its troubled core division through 2020 by pushing cost savings, stemming overseas losses and launching more higher-margin cars as the carmaker battles to overcome its …
M&S pick of retail veteran Norman as chairman lifts shares
LONDON (Reuters) – Marks & Spencer named Archie Norman as its new chairman on Friday, with the 63-year-old retail veteran’s appointment lifting the clothing and food retailer’s shares.
Goldman’s Blankfein says London could stall due to Brexit: BBC
LONDON (Reuters) – London’s progress as a financial center could stall because of the upheaval Brexit will bring to the industry, Goldman Sachs Chief Executive Officer Lloyd Blankfein was quoted as saying by the BBC.
ChemChina clinches landmark $43 billion takeover of Syngenta
ZURICH (Reuters) – ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday.
U.S. job growth rebounds sharply, unemployment rate falls to 4.4 percent
WASHINGTON (Reuters) – U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite mo…
Facebook’s virtual reality unit Oculus shutters film studio
LOS ANGELES (Reuters) – Facebook Inc’s virtual reality content production unit, Oculus’ Story Studio, is shuttering its doors to shift focus on supporting external content makers, the company said on Thursday, two years after the in-house studio launch…
Oil spill leaves commodities spinning, safe-havens shine
LONDON (Reuters) – A slump in oil prices to the lowest in almost six months rattled markets on Friday, prompting a rally in safe-haven bonds, the yen and gold and taking the shine off a record-breaking week for world stocks.
GE CEO warns against U.S. protectionism, wants level playing field
WASHINGTON (Reuters) – General Electric Co Chief Executive Jeff Immelt warned the Trump administration on Thursday to avoid protectionist policies while calling on it to level the playing field for American companies with tax reform, revived export fin…
Warren Buffett says he sold a third of stake in IBM: CNBC
(Reuters) – Warren Buffett said he has sold about one-third of Berkshire Hathaway Inc’s big stake in IBM Corp , CNBC reported on Thursday, reducing a bet by the famed investor that surprised many and which so far has yet to prove successful.
J&J ordered to pay $110 million in U.S. talc-powder trial
(Reuters) – Johnson & Johnson on Thursday was ordered by a Missouri jury to pay over $110 million to a Virginia woman who says she developed ovarian cancer after decades of using of its talc-based products for feminine hygiene.
