General Mills quarterly profit beats estimates as costs fall
(Reuters) – General Mills Inc reported a better-than-expected quarterly profit, helped by cost cuts and higher demand in markets outside the United States, and the company forecast full-year earnings above analysts’ expectations.
Goldman, Morgan Stanley deny plans for Frankfurt office switch after Brexit
LONDON (Reuters) – U.S. investment banks Goldman Sachs and Morgan Stanley have denied speculation they are poised to shift London-based staff and operations to Frankfurt as soon as Britain’s divorce proceedings from the European Union formally begin….
Hong Kong regulator censures Bank of America units for takeover code breaches
HONG KONG (Reuters) – Hong Kong’s Securities and Futures Commission (SFC) has publicly censured two units of Bank of America for breaches of the city’s takeover codes in two deals last year, the regulator said on Wednesday.
Oil prices rise after Brexit shock; Norway strike threat supports
LONDON (Reuters) – Oil rose on Wednesday as traders poured money back into markets hit by the initial shock of Britain’s vote to leave the European Union while a potential oil workers strike in Norway and a crisis in Venezuela also provided support.
Volkswagen owners say core business still strong
STUTTGART (Reuters) – Volkswagen’s top shareholders said the group’s core business is still robust, after the carmaker agreed a record $15.3 billion settlement in its emissions-cheating scandal in the United States.
For one UK firm, Brexit vote means expansion abroad, not at home
HUNTINGDON, England (Reuters) – Britain and the European Union are likely to take years to rewrite the rules that govern their business ties after the UK voted to leave the bloc.
Sony upbeat on games and robots but cuts outlook for image sensors
TOKYO (Reuters) – Japan’s Sony Corp on Wednesday lifted the sales target for its games division next year on hopes for its new virtual reality headset, and said it would re-enter robots a decade after it last abandoned the business.
Porsche CEO bets big on redesigned Panamera model
BERLIN (Reuters) – Porsche expects to increase sales of the redesigned Panamera sedan by at least a third next year, its chief executive said, counting on enhanced digital features and more efficient engines to boost demand for the 113,000-euro ($125,0…
Important to look at individuals in VW scandal: Lynch
PHOENIX (Reuters) – U.S. Attorney General Loretta Lynch said on Tuesday that it was important for the Justice Department to look at individuals in the ongoing criminal investigation into the Volkswagen emissions scandal.
Tesla investor group wants more independent board, cites Musk ties
SAN FRANCISCO (Reuters) – An investor group called on Tesla Motors Corp on Tuesday to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk’s dominance of the boar…
