GE Health targets profit margins, reversing weak performance
NEW YORK (Reuters) – General Electric Co’s healthcare business said on Friday its top priority is lifting profit margins that were flat in recent years after it failed to cut costs sufficiently.
Intel plans to sell part of venture capital unit: Bloomberg
(Reuters) – Intel Corp is looking to sell part of its venture capital portfolio, assets that could be worth as much as $1 billion, Bloomberg reported.
Jailed Libor trader to return to London court in battle over assets
LONDON (Reuters) – Tom Hayes, a former trader serving an 11-year jail sentence for conspiracy to rig Libor interest rates, will next week return to a London court in a multi-million pound battle against prosecutors over assets that include a seven-bedr…
U.S. import prices fall, but downward trend nearing end
WASHINGTON (Reuters) – U.S. import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar’s rally fades and oil prices stabilize.
ECB defends ‘Super Mario’ after investor backlash
FRANKFURT (Reuters) – The European Central Bank embarked on a rearguard action to win over skeptical investors on Friday, a day after chief Mario Draghi unveiled a new stimulus package but blunted its impact by suggesting the ECB would not cut interest…
BP escapes U.S. lawsuits over post-Gulf spill drilling ban
(Reuters) – BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled.
Ford sets up new mobility services unit
(Reuters) – Ford Motor Co is establishing a new subsidiary to expand efforts to profit from transportation services, putting the former chief executive officer of Michigan office furniture giant Steelcase in charge.
Italy court makes acquittal final in UniCredit tax fraud case: source
MILAN (Reuters) – Italy’s top appeals court has rejected an attempt to overthrow a verdict that last year acquitted former UniCredit head Alessandro Profumo and 19 other bank managers in an alleged tax fraud case at the Italian lender, a judicial sourc…
U.S. import prices fall for eighth straight month
WASHINGTON, March 11 (Reuters) – U.S. import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar’s rally fades and oil prices s…
Volkswagen Group February sales dip 1.2 percent
FRANKFURT (Reuters) – The Volkswagen Group said deliveries in February reached 693,300 vehicles, a drop of 1.2 percent compared with the year-earlier month, in the wake of revelations that the carmaker cheated on exhaust emissions tests.
