Microsoft confirms Finnish site closure and job cuts
HELSINKI (Reuters) – Microsoft on Monday confirmed it will close its Finnish mobile phone unit and cut up to 1,350 jobs in the Nordic country.
Thomson Reuters to sell IP & science unit for $3.55 billion
(Reuters) – Thomson Reuters Corp on Monday said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash.
German prosecutors say won’t be lenient with VW
HAMBURG (Reuters) – German prosecutors will grant Volkswagen no mitigation for a record vehicle emissions settlement it faces in the United States and want VW to pay them a separate fine, a spokesman said.
Oil falls further under $50 on Asia demand concern
LONDON (Reuters) – Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.
Pentagon unveils new cost-cutting initiatives for F-35 fighter jet
FARNBOROUGH, England (Reuters) – The U.S. Defense Department on Monday extended by two years a project that has cut the cost of Lockheed Martin Corp’s F-35 fighter plane by more than $1 million per jet, and kicked off a similar project to cut operati…
South Korea to decide soon on whether to suspend VW car sales
SEOUL (Reuters) – South Korea’s environment ministry said on Monday it will decide later this month whether to revoke the certification of 32 vehicle models made by Volkswagen after prosecutors accused the German carmaker of fabricating documents on …
UK’s Osborne to urge U.S. investors to stick with Britain outside EU
LONDON (Reuters) – British finance minister George Osborne will meet some of Wall Street’s biggest investors in New York on Monday to urge them to stick with Britain despite last month’s vote to leave the European Union, his office said.
Virgin Atlantic signs $4.4 billion order for 12 A350s
FARNBOROUGH, England (Reuters) – Virgin Atlantic signed a deal to buy 12 Airbus A350-1000 aircraft as part of a $4.4 billion order which will help the British-based airline modernize its fleet.
Global stocks rise as markets anticipate stimulus
LONDON (Reuters) – Shares rose in Europe and Asia on Monday and the safe-haven yen tumbled against the dollar after upbeat U.S. jobs data, though the prospect of more stimulus to counter a weak global growth outlook kept low-risk sovereign bond yields …
Boeing lifts 20 year forecast for new aircraft demand
FARNBOROUGH, England (Reuters) – The world’s airlines will need 39,620 new aircraft worth $5.9 trillion over the next 20 years, U.S. planemaker Boeing forecast on Monday, up 4.1 percent on its estimate last year.
