Airbus shakes up international marketing unit amid fraud probe: sources
PARIS (Reuters) – European planemaker Airbus is shaking up its international marketing organization amid a UK investigation into suspected irregularities in the use of intermediaries to help it land new orders, three people familiar with the matter sa…
German discounter Lidl to open first U.S. stores this summer
BERLIN (Reuters) – German discount supermarket group Lidl will open its first stores in the United States ahead of schedule this summer, it said on Wednesday, with plans for up to 100 stores within a year.
Toshiba shares tumble as bigger stake in chip unit likely up for sale
TOKYO (Reuters) – Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in …
Siemens to shut Danish wind blade factory, lay off 430 people
COPENHAGEN (Reuters) – Siemens will close a factory making blades for wind turbines in Engesvang in Denmark and cut 430 jobs, as it is unable to expand the site to meet demand for bigger blades, the company said on Wednesday.
World stocks at 21-month highs on Yellen, U.S. outlook
LONDON (Reuters) – World stocks hit 21-month peaks on Wednesday and the dollar rose for the 11th straight day, after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month during upbeat comments on the U.S. economy.
Toyota sees plug-in hybrids catching on faster than conventional hybrids
TOKYO (Reuters) – Toyota Motor Corp’s chairman, who led the development of the Toyota Prius, expects the latest plug-in hybrid vehicles (PHVs) will catch on with consumers far more rapidly than the original Prius did.
Big banks avoid hiring spree despite trading boom
LONDON (Reuters) – Market trading is booming at U.S. and European banks thanks to Donald Trump and Brexit, and yet the glory days of dealing rooms the size of football pitches remain as distant as ever.
Berkshire takes huge bite of Apple, boosts airline stakes
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc was an aggressive buyer of stocks in last year’s fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest U.S. airlines.
Oil slips further below $56 on report of U.S. inventory jump
LONDON (Reuters) – Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in U.S. crude inventories signaled ample supply, even as OPEC achieves record compliance with its supply-cut accord.
Britain raises concerns with GM over possible Vauxhall sale to France’s PSA
LONDON (Reuters) – Britain has contacted the president of General Motors to express concerns after the American firm opened talks to sell its European operations, including the Vauxhall plants in England, to France’s PSA Group .
