Airbus Group lifts A330 output goal as profits meet expectations
LONDON (Reuters) – Airbus Group performed a partial U-turn on plans to cut production of its profitable A330 aircraft on Wednesday, easing the delicate transition to a newer model as it posted 2015 profits in line with expectations on Wednesday.
Grand bargain to rescue global economy seen unlikely at G20 meet
SHANGHAI (Reuters) – Investors hoping for a grand plan from the world’s top financial officials to stabilize shaky markets are set for disappointment, insiders say, when finance ministers and central bankers gather this week in Shanghai to discuss the …
Global political risks push investors to bulk up cash defenses
HONG KONG/SINGAPORE (Reuters) – With the threat of a UK exit from the European Union no longer just a distant prospect, already battered investors are shoring up defensive positions against a host of intensifying geopolitical risks, including a “Brexit…
U.S. lawmakers say Takata manipulated data to hide airbag problems
WASHINGTON/DETROIT (Reuters) – U.S. lawmakers on Tuesday stepped up pressure on federal regulators and Takata Corp to accelerate the recall of millions of airbag inflators, citing evidence that the Japanese company manipulated data to cover up problems…
Viacom weighs selling minority stake in Paramount film unit
(Reuters) – Viacom Inc is considering selling a “significant” minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday
J&J must pay $72 million for cancer death linked to talcum powder: lawyers
(Reuters) – Johnson & Johnson was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company’s talc-based Baby Powder and Shower to Shower for several decades.
Exclusive: U.S. airfares to Puerto Rico slide; debt crisis, Zika weigh
NEW YORK/SAN JUAN (Reuters) – U.S. airlines have slashed leisure fares to Puerto Rico in recent months to lure travelers to the debt-strapped island, hit by economic turmoil and lately the arrival of the mosquito-borne Zika virus.
Exclusive: U.S. airfares to Puerto Rico slide; debt crisis, Zika weigh
NEW YORK/SAN JUAN (Reuters) – U.S. airlines have slashed leisure fares to Puerto Rico in recent months to lure travelers to the debt-strapped island, hit by economic turmoil and lately the arrival of the mosquito-borne Zika virus.
Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls
WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand’s emissions-cheating scandal while quality problems hurt Tesla Motors Inc’s Model S…
JPMorgan signals rough first quarter as trading flags, energy woes deepen
NEW YORK (Reuters) – JPMorgan Chase & Co signalled a rough first quarter on Tuesday with double-digit declines in investment banking revenues and a $500 million increase in provisions for expected losses on energy loans.
