Ford will invest $1.6 billion in two U.S. factories
DETROIT (Reuters) – Ford Motor Co will invest $1.6 billion in two U.S. factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday.
U.S. economy seen growing 0.4 percent in first quarter: Atlanta Fed
NEW YORK (Reuters) – The U.S. economy is growing at a 0.4 percent pace in the first quarter following the latest data on home resales and durable goods orders, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.
Post-it maker 3M’s profit beats estimates on lower costs
(Reuters) – Diversified manufacturer 3M Co reported a higher-than-expected 6.6 percent rise in quarterly profit, helped by lower costs.
Cool Asian fashion brands challenge Western labels
SEOUL (Reuters) – Fashion brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in their own style and take pride in buying home-grown labels.
Union says Volkswagen staff won’t pay price for Dieselgate in wage talks
BERLIN (Reuters) – Volkswagen has no right to use the crisis over its emissions test cheating to deny workers a reasonable wage increase, the IG Metall union said, reiterating its call for a 5 percent pay hike for about 120,000 VW staff in western Ger…
Google, Ford, Uber join coalition to further self-driving cars
WASHINGTON (Reuters) – Alphabet Inc’s Google unit , Ford Motor Co , the ride-sharing service Uber [UBER.UL] and two other companies said on Tuesday they are forming a coalition to push for federal action to help speed self-driving cars to market.
Fiat Chrysler profit tops expectations, but debt rises
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) beat first-quarter profit forecasts on Tuesday, helped by a strong performance in North America, but higher debt pushed its shares lower.
Sikorsky acquisition boosts Lockheed’s revenue
(Reuters) – Lockheed Martin Corp reported a 15.7 percent rise in quarterly sales and raised its forecast for the year, helped by the acquisition of helicopter maker Sikorsky Aircraft and higher sales of its F-35 fighter jets.
DuPont raises full-year outlook, first-quarter results beat forecast
(Reuters) – DuPont’s first-quarter results beat Wall Street estimates and the chemicals and seed producer raised its full-year guidance as it sees lower currency impact than expected.
Global stocks, oil prices climb as investors ready for Fed, BOJ
LONDON (Reuters) – World stocks climbed for the first time in four days on Tuesday and a weaker dollar helped oil prices gain as investors fine-tuned their expectations for monetary policy meetings in the United States and Japan.
