Ford releases for sale half of 10-speed F-150 stockpiled trucks
DETROIT (Reuters) – Ford Motor Co by Wednesday had released for sale more than half of the 15,000 F-150 pickup trucks with 10-speed transmissions that were held to ensure quality, a company spokeswoman said.
Retailer Wal-Mart de Mexico to invest $1.3 billion in Mexico
MEXICO CITY (Reuters) – Retailer Wal-Mart de Mexico will invest $1.3 billion in logistics in Latin America’s No.2 economy, the company said on Wednesday, a show of confidence in Mexico at a time of uncertainty after the election of Donald Trump.
Airbus set to win Canadian deal for search-and-rescue aircraft: source
PARIS (Reuters) – Canada is set to select Airbus Group to provide search-and-rescue (SAR) aircraft, a source familiar with the matter said on Wednesday, with Airbus beating Italy’s Leonardo in winning the deal.
Linde resumes merger talks with Praxair, CEO resigns
FRANKFURT (Reuters) – German industrial gases group Linde has invited U.S. rival Praxair to resume merger negotiations after Praxair offered concessions on the division of power in the combined entity, defusing a dispute which led to the collapse of ta…
Trump defends Boeing tweet, says companies shouldn’t worry
WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office.
China pledges to increase openness with foreign investment rules
BEIJING (Reuters) – China moved towards opening up markets such as railway equipment and vehicle batteries on Wednesday with the publication of draft foreign investment guidelines which it said would “increase openness to the outside world”.
EpiPen maker Mylan to restructure and cut its workforce
(Reuters) – Generic drugmaker Mylan NV , which has been under fire for its price hikes on the life-saving EpiPen allergy treatment, said on Wednesday that it would restructure and expected to cut less than 10 percent of its global workforce.
BlackRock sees opportunity to grow as rates rise
NEW YORK (Reuters) – A top BlackRock Inc executive said the company could benefit from rising rates as its institutional clients keep their stakes in fixed income and as revenues from other businesses grow.
OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges
LONDON/NEW YORK (Reuters) – As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” between OPEC and its U.S. shale rivals in the coming year.
Poll: U.S. bull market seen extending into 2017 but Trump a wild card
NEW YORK (Reuters) – The U.S. stock market’s bull run since 2009 will extend into 2017 if President-elect Donald Trump’s plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a …
