Volkswagen labor bosses step up attack on brand chief
BERLIN (Reuters) – Volkswagen’s labor leaders sent an open letter to staff accusing brand chief Herbert Diess of disregarding an agreed turnaround plan, just as the carmaker is seeking to raise its profitability through cost cuts.
Exclusive: Lockheed says U.S. may take ‘fresh look’ at its India F-16 plan
NEW DELHI/WASHINGTON (Reuters) – U.S. defense firm Lockheed Martin wants to push ahead with plans to move production of its F-16 combat jets to India, but understands President Donald Trump’s administration may want to take a “fresh look” at the propo…
Yum Brands profit tops expectations as KFC, Taco Bell deliver
(Reuters) – Yum Brands Inc reported a better-than-expected rise in quarterly profit on Thursday, helped by refranchising efforts and strong sales at its KFC and Taco Bell restaurants.
Coca-Cola forecasts drop in 2017 profit amid refranchising
(Reuters) – Coca-Cola Co forecast a surprise drop in full-year profit as costs related to refranchising its U.S. bottling operations are expected to be higher than previously anticipated.
Fed’s Bullard says rates can remain low through 2017
ST. LOUIS (Reuters) – U.S. interest rates can likely remain low through at least 2017, with no clear sense yet of whether the Trump administration’s policies will spark higher inflation or growth, St. Louis Federal Reserve Bank President James Bullard …
Thomson Reuters reports profit rise, but revenue miss hits stock
NEW YORK (Reuters) – News and information company Thomson Reuters Corp reported higher-than-expected quarterly profit on Thursday but missed expectations on revenue and its stock opened down more than 2 percent.
U.S. jobless claims near 43-year low; wholesale inventories surge
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, amid a further tightening of the labor market that could eventually spur faster wage growth.
VW turns on ex-chairman over emissions allegations
FRANKFURT (Reuters) – Volkswagen signalled it could take legal action against former chairman Ferdinand Piech after a media report said he had informed top directors about potential cheating of diesel emission tests six months before the scandal became…
Singapore Airlines places $14 billion wide-body Boeing order
SINGAPORE/PARIS (Reuters) – Singapore Airlines (SIA) announced a provisional order worth $13.8 billion at list prices to buy 39 Boeing wide-body planes on Thursday as it battles Gulf carriers, dealing a blow to Airbus in the key market for big twinj…
Oil fuels stocks rally, bond market pressure eases
LONDON (Reuters) – Stocks rose in Europe and Asia on Thursday and yields fell on some of the euro zone’s battered low-rated bonds as investors put aside the political risks that have dominated markets this week.
