China Vanke, center of power struggle, says No. 2 shareholder has a plan
HONG KONG (Reuters) – Property developer China Vanke , embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group is considering a major plan.
U.S. expected to launch WTO complaint over Chinese aluminum subsidies
WASHINGTON (Reuters) – The Obama administration is expected to launch a complaint against Chinese aluminum subsidies with the World Trade Organization on Thursday, a person familiar with the matter said.
United Airlines to cut some management positions
(Reuters) – United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program.
Volkswagen faces reforms, oversight for three years under U.S. settlement
WASHINGTON (Reuters) – Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigat…
Fiat Chrysler CEO says good chance hitting 2018 targets: source
DETROIT (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne told Wall Street analysts on Wednesday that the company’s chances of hitting 2018 financial targets are “significantly greater than 50 percent,” according to a person pre…
Trump recommits to ‘major border tax’ on foreign-produced U.S. products
NEW YORK (Reuters) – President-elect Donald Trump on Wednesday promised a “major border tax” on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs cou…
U.S. to launch WTO complaint against China for aluminum subsidies: WSJ
(Reuters) – The Obama administration is expected to launch on Thursday a formal complaint with the World Trade Organization against China over subsidies Beijing provides to the country’s aluminum industry, The Wall Street Journal reported on Wednesday,…
Trump says pharma ‘getting away with murder,’ stocks slide
NEW YORK (Reuters) – U.S. President-elect Donald Trump on Wednesday said pharmaceutical companies are “getting away with murder” in what they charge the government for medicines, and promised that would change, sending drugs stocks sharply lower.
Wall Street ends choppy session higher, health lags on Trump comments
NEW YORK (Reuters) – U.S. stocks ended higher after a choppy day on Wednesday as energy and technology gains countered a drop in healthcare stocks after President-elect Donald Trump said pharmaceutical companies were “getting away with murder” by charg…
Fiat Chrysler names operating chiefs for China, Asia Pacific
(Reuters) – Fiat Chrysler Automobiles NV on Wednesday named Daphne Zheng as chief operating officer of China and Paul Alcala as the operating chief of Asia Pacific, excluding China.
