Exclusive: Bailout would cut Bombardier’s CSeries jet stake, taking it off books
MONTREAL/WASHINGTON (Reuters) – A proposed Canadian government bailout of Bombardier Inc’s new CSeries jet manufacturing program would reduce the company’s stake in the money-losing aircraft, taking it off the plane maker’s books and boosting results i…
Caterpillar, Deere cut 170 more jobs as sales slump
(Reuters) – Caterpillar Inc and Deere & Co said Friday they are cutting a combined total of 170 jobs in response to slumping sales of their heavy machinery.
Another economic slump, another communications test for Fed
NEW YORK (Reuters) – The Federal Reserve, facing the delicate task of explaining how it will forge ahead with rate hikes in a stormy world economy, is wary of again tying its actions to calendar dates but officials want to keep “forward guidance” as an…
Oil ends down on profit-taking but still up strongly on week
NEW YORK (Reuters) – Oil prices fell on Friday as investors cashed out big weekly profits after a rally driven by disruptions to crude supplies and Wall Street’s gains from U.S. economic data.
United Tech says Honeywell’s offer undervalues company
(Reuters) – United Technologies Corp said Honeywell International Inc’s offer grossly undervalued the company and overstated potential synergies.
U.S. consumer spending, inflation data keep rate hikes on table
WASHINGTON (Reuters) – U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years, keeping Federal Reserve interest rate increases on the table this year.
Car executives meet in Geneva under cloud of diesel smoke
FRANKFURT (Reuters) – Auto executives are gathering in Geneva next week with a sense of foreboding in the aftermath of Volkswagen’s diesel emissions test cheating scandal. European demand and industry profits are up, but so too is regulatory pressure t…
Apple encryption stand highlights mobile operators’ dilemma
BARCELONA (Reuters) – Apple Inc’s stance on privacy in the face of a U.S. government demand to unlock an iPhone belonging to one of the San Bernardino attackers has raised awkward questions for the world’s mobile network operators.
EU-U.S. trade deal on course for this year – negotiators
BRUSSELS (Reuters) – EU and U.S. negotiators seeking a transatlantic free trade agreement expressed cautious optimism on Friday that they could resolve most issues by July, which could lead to a conclusion of a deal by the end of the year.
Foxconn, Sharp extend takeover talks deadline: source
TOKYO/TAIPEI (Reuters) – Sharp Corp and Foxconn agreed on Friday to extend a deadline for takeover talks by 1-2 weeks, a person familiar with the matter said, after the Taiwanese firm had put the deal on hold to clarify “new material information”.
