UAW head says seeks to discuss small car output with Fiat Chrysler CEO
DETROIT (Reuters) – The head of the United Auto Workers said on Friday he has asked Fiat Chrysler Chief Executive Sergio Marchionne for a meeting to discuss the company’s plan to stop making two low-profit car models.
CFM jet engine sales top 2,150 in 2015 as growth booms
(Reuters) – Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. It also said it produced 1,638 CFM56 engines in 2015.
Tesoro to pay U.S. West Coast refinery workers $8 million: NLRB
HOUSTON (Reuters) – Independent U.S. West Coast refiner Tesoro Corp has agreed to pay $8.08 million to 769 United Steelworkers union members at refineries in California and Washington state who were denied bonuses while on strike in 2015, the U.S. Nati…
Tyson Foods raises full-year profit forecast as costs fall
(Reuters) – Tyson Foods Inc , the biggest U.S. meat processor, raised its full-year profit forecast, helped by a sharp drop in feed and livestock costs, sending its shares to a record high on Friday.
Volkswagen delays 2015 results, AGM as scandal effects unclear
BERLIN (Reuters) – Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders’ meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal.
For Coke and Pepsi, Super Bowl is market share play
SAN FRANCISCO (Reuters) – Coca-Cola Co , PepsiCo and other consumer-facing companies spending big bucks to advertise during Sunday’s Super Bowl football extravaganza will be making a play for more market share to offset a slow economy and less overseas…
Tiger Global still likes Internet names, gets pointers from Jeter
BOSTON (Reuters) – Tiger Global Management still likes Amazon , Netflix and JD.com , which fueled last year’s positive returns, even as their stock tumbled in January, leaving the hedge fund with a double digit loss at the start of the year.
Market view of next U.S. rate hike shifts into 2016 after jobs data
(Reuters) – The U.S. Federal Reserve is increasingly likely to raise interest rates this year, traders bet on Friday, as a long-awaited surge in wages finally materialized and the unemployment rate dropped to an eight-year low.
VW delays 2015 results, AGM as scandal effects unclear
BERLIN (Reuters) – Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders’ meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal.
LinkedIn set to lose $8 billion in market value after weak forecast
(Reuters) – LinkedIn Corp will need to improve its profile to reconnect with investors after the social network for professionals shocked the market with a full-year revenue forecast that fell far short of expectations.
