GM will lay off 1,100 in Michigan after domestic production shift
WASHINGTON (Reuters) – General Motors Co said on Monday it will lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee.
Oil majors reverse decade of stalled growth to beat supply crunch fears
HOUSTON (Reuters) – Oil majors have long been passive watchers of the pump war between OPEC and U.S. shale producers, but not any more.
Marriott to speed up expansion of Starwood brands: CEO
BERLIN (Reuters) – Hotels group Marriott International is planning to speed up the expansion of brands acquired in the takeover of rival Starwood, and is not ruling out further additions to its portfolio, its chief executive said on Monday.
Trump adviser Navarro: U.S, Germany should discuss trade outside EU
WASHINGTON (Reuters) – Trump administration trade adviser Peter Navarro said on Monday the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues, and bilateral discussions were needed to reduce it outside of European …
Delta Air cuts Q1 operating margin forecast, citing higher costs
(Reuters) – Delta Air Lines Inc on Monday cut its operating margin forecast for the current quarter, citing higher costs, and said it expected passenger unit revenue, a closely watched revenue metric, to be at the lower end of its forecast.
Wall Street slips on wiretap accusation, geopolitical worries
NEW YORK (Reuters) – U.S. stocks pulled back on Monday in a broad decline as investors grew uneasy over the latest tumult surrounding the Trump administration and geopolitical tensions emanating from North Korea.
GM shifts from bigger is better to less global, more profitable
DETROIT (Reuters) – General Motors Co’s decision to sell its European operations doubles down on a bet that the company can win by being less global, but more profitable, in an auto industry increasingly driven by software.
Deutsche Bank tests investor patience with $8.5 billion cash call
FRANKFURT (Reuters) – Deutsche Bank’s chief executive pledged on Monday to see through a strategic turnaround as he sought to persuade weary shareholders to sign an 8 billion euro ($8.5 billion) cheque to back his plans.
Funds expect Saudi Aramco to be valued around $1-1.5 trillion: survey
DUBAI (Reuters) – Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes show…
Euro zone investor morale hits almost 10-year high
BERLIN (Reuters) – Investor sentiment in the euro zone improved more than expected in March, hitting its highest level in almost 10 years on Monday, as concerns that global political risks could end an economic upswing dissipated.
