Fiat Chrysler shares fall on concerns over revised business plan
MILAN (Reuters) – Shares in Fiat Chrysler Automobiles fell more than 2 percent in early trade on Thursday as investors raised concerns about the carmaker’s updated business plan to 2018, which pins its future on North America and sales of utility vehic…
Takata prepares CEO exit over air bag safety scandal: sources
TOKYO (Reuters) – Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry’s biggest recall.
Samsung C&T books $2.15 billion potential losses on 2015 results
SEOUL (Reuters) – Samsung C&T Corp , which last year became the Samsung Group’s de facto holding company, on Thursday said it set aside 2.6 trillion won ($2.15 billion) for exceptional losses for 2015 from projects including construction work on Australia’s Roy Hill iron ore mine.
EBay’s disappointing forecast fuels stock decline
(Reuters) – EBay Inc forecast weaker-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar while trying to revamp its core marketplace business.
Investor pressures J&J to consider split up: sources
(Reuters) – Artisan Partners, a major shareholder in Johnson & Johnson, has urged several activists to pressure the consumer products giant to consider major changes that include a potential split, according to sources and documents. Artisan has asked Johnson & Johnson’s management to consider separating its three divisions – consumer products, pharmaceuticals and medical devices – into standalone companies in hopes of unlocking up to $90 billion in enterprise value, said sources fam
Quattrone steps down as CEO of investment bank Qatalyst
(Reuters) – Frank Quattrone, the Silicon Valley investment banker synonymous with several technology deals, is stepping down as chief executive officer of his boutique advisory firm Qatalyst Partners, the company said in a statement on Wednesday.
Facebook shares soar as mobile drives big jump in ad sales
(Reuters) – Facebook Inc smashed investors’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours.
Wall Street sinks after Fed fails to impress
(Reuters) – Wall Street dropped sharply on Wednesday after the U.S. Federal Reserve frustrated stock investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil.
Luxury goods maker Chanel says CEO Chiquet is leaving: NYT
(Reuters) – French luxury goods maker Chanel said on Wednesday that Chief Executive Maureen Chiquet will leave the company by the end of January, the New York Times reported.
Boeing shares drop, investors brace for slow deliveries, profit hit
SEATTLE (Reuters) – Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock…
