Daimler hires Citroen’s Scheunert to head new digitalization unit
FRANKFURT (Reuters) – Carmaker Daimler has hired the head of China operations of rival Citroen to set up a new digitalization unit at its Mercedes-Benz brand, Automobilwoche magazine will report on Monday.
Bank earnings loom large as stocks near record
NEW YORK (Reuters) – The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the U.S. economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.
Japan’s Orix buys U.S. housing tax credit syndicator: sources
TOKYO (Reuters) – Japanese financial services company Orix Corp has bought Boston Financial Investment Management, a U.S. money manager specialized in tax credit investments for low-income housing suppliers, two sources said on Saturday.
S&P 500 brushes record high after blowout jobs report
NEW YORK (Reuters) – The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull.
Aetna meets with Justice Department over merger with Humana
NEW YORK/WASHINGTON (Reuters) – Aetna Inc executives met with top Justice Department antitrust officials on Friday to convince the government that asset sales it proposed would address potential competitive problems that could threaten its deal to buy…
Harley moves to keep premium status, attract younger riders
(Reuters) – After the shares of Harley-Davidson Inc took a wild ride last week on unconfirmed buyout rumors, the motorcycle maker’s management is back to dealing with more basic problems, starting with pricing pressure in the U.S. market and a stagnan…
Lockheed F-35 fighter shows off capabilities at UK air show
RAF FAIRFORD, England (Reuters) – Lockheed Martin Corp’s F-35 fighter jets made their first appearance at the world’s largest military air show on Friday, in what U.S. and British generals described as part of a larger drive to bolster NATO’s defenses…
Theranos CEO Holmes barred from operating lab for two years
(Reuters) – Theranos Inc founder and CEO Elizabeth Holmes, once touted as the Steve Jobs of biotech for her company’s innovative blood-testing technology, has been barred by a U.S. regulator from owning or operating a lab for at least two years.
Facebook tests end-to-end encryption on Messenger
(Reuters) – Facebook Inc on Friday said it began testing end-to-end encryption on its popular Messenger application to prevent snooping on digital conversations.
Divided Wall St. clings to view of one 2016 rate hike after jobs data: poll
NEW YORK (Reuters) – Wall Street’s top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday’s strong jobs data showing a razor-thin majority expect the central bank to rai…
