Airbus sales chief sees some export credit cover in 2017
SAN DIEGO (Reuters) – Airbus expects to have access to European export credit financing on a “case by case” basis in 2017, its sales chief said on Monday, granting it a respite from a series of setbacks.
Snap slumps 12 percent, closes at lowest since IPO
SAN FRANCISCO (Reuters) – Shares of Snap Inc slumped 12 percent on Monday and closed at their lowest level of the three sessions since the Snapchat owner’s soaring market debut last week.
Honda to begin U.S. production of new 10-speed transmission
(Reuters) – Honda Motor Co Ltd said on Monday it had invested nearly $150 million in two U.S. plants for making 10-speed automatic transmission for front-wheel-drive vehicles.
Publicity looms as PwC, MF Global go to trial in New York
NEW YORK (Reuters) – Publicity about both the recent Academy Awards and Wall Street hung over a Manhattan courtroom on Monday as lawyers struggled to find jurors to decide whether PricewaterhouseCoopers helped cause the collapse of MF Global Holdings L…
Exxon to invest $20 billion on U.S. Gulf Coast refining projects
HOUSTON (Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast.
Wells Fargo names Allen Parker general counsel
(Reuters) – Wells Fargo & Co named Allen Parker general counsel on Monday, at a time when the third-largest U.S. lender looks to restore its battered reputation following a scandal over phony accounts.
Investor group seeks to bar Snap from indexes over voting rights
BOSTON (Reuters) – A group representing large institutional investors has approached stock index providers S&P Dow Jones Indices and MSCI Inc, looking to bar Snap Inc and any other company that sells investors non-voting shares from their stock benchmarks.
Volkswagen to unveil self-driving car as part of post-dieselgate shift
GENEVA (Reuters) – Volkswagen will show off a fully self-driving car at the Geneva auto show, as part of the German carmaker’s drive to be at the forefront of new technologies in the wake of its diesel emissions scandal.
Banks could earn $332 million from wave of financial services deals
LONDON (Reuters) – A spate of big deals by financial services companies in Europe could earn investment banks an estimated $332 million in advisory fees, with Goldman Sachs set to take the lion’s share of the pot.
U.S. factory orders rise for second straight month
WASHINGTON (Reuters) – New orders for U.S.-made goods increased for a second straight month in January, suggesting the recovery of the manufacturing sector was gaining momentum as rising prices for commodities spur demand for machinery.
