Gagey to be replaced soon as Air France chief: newspaper
PARIS (Reuters) – Frederic Gagey stands to lose his job as boss of French carrier Air France in early November when its parent Air France-KLM unveils a new strategic plan to the board, daily La Tribune said on Friday.
Piech, Porsche families say united behind VW management: Spiegel
FRANKFURT (Reuters) – The Piech and Porsche families that control more than 52 percent of Volkswagen have vowed to back senior management, setting aside past disputes as the carmaker struggles to overcome an emissions scandal, Der Spiegel reported on …
Nordea chairman says merger with ABN Amro would create ‘fine bank’
HELSINKI (Reuters) – A merger between Sweden’s Nordea and Dutch state-owned lender ABN Amro would make “a pretty fine bank,” and early talks may continue after a March 2017 election in the Netherlands, Nordea chairman Bjorn Wahlroos said on Saturday….
Cleaner, but not leaner: China steel mills defy capacity cutbacks
SHANGHAI/SINGAPORE (Reuters) – Chinese steel mills are becoming cleaner every month as Beijing pushes to curb its smoke-stack industries. But they’re not getting any leaner.
Second wind for stocks as earnings turn positive
NEW YORK (Reuters) – With S&P 500 earnings on track to rise after four consecutive quarters of contraction, U.S. stocks are clearing a major hurdle that puts the record high in sight for the benchmark U.S. stock index.
New NYC law, San Francisco lawsuit highlight global risks for Airbnb
SAN FRANCISCO/BERLIN (Reuters) – Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning.
Bombardier to cut 7,500 more jobs through 2018, mostly in rail
MONTREAL (Reuters) – Bombardier Inc said on Friday it would cut 7,500 jobs, mostly in its train-making division, in a second round of layoffs announced this year, following extended delays and budget overruns in its aerospace business.
Wall Street ends little changed; Microsoft hits record
NEW YORK (Reuters) – The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald’s helped offset a fall in energy and healthcare shares.
Samsung placing product images in Youku videos, targeting Chinese viewers
NEW YORK (Reuters) – Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China’s video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content.
BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal
LONDON (Reuters) – British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world’s biggest listed tobacco company with brands including Newport, Lucky Strike and Pall …
