Johnson Controls to cut 3,000 jobs in two years
(Reuters) – U.S. auto parts maker Johnson Controls Inc said it would cut as many as 3,000 jobs over the next two years as part of its ongoing cost savings program.
U.S. says review of airlines’ subsidy allegations ongoing
WASHINGTON (Reuters) – The United States is still reviewing U.S. airlines’ subsidy allegations over what they say are subsidies being provided to three Gulf airlines, the State Department said on Friday following U.S. Secretary Of State John Kerry’s me…
Saab CEO says trainer bid could spur co-operation with Boeing
LONDON (Reuters) – Sweden’s Saab is confident of selling training jets to the U.S. Air Force, but believes its bidding partnership with Boeing could lead to further co-operation whoever wins the $11 billion contest, its chief executive said.
Developed, emerging markets diverge as Fed keeps rates steady
LONDON (Reuters) – European stocks fell on Friday and bonds rose, pushing yields sharply lower, after the U.S. Federal Reserve cited weakening global growth and the recent upsurge in financial market volatility as its reasons for not raising interest r…
Puerto Rico businesses fret tax hikes will erode profits
SAN JUAN/NEW YORK (Reuters) – Business is tough enough already for Carlos Jimenez without having to face higher taxes. Fast Lane, his three-location car-wash chain in Puerto Rico, has laid off about half the 106 employees it had in 2007.
China firms sign deal for high-speed Las Vegas-Los Angeles rail link ahead of Xi’s U.S. visit
BEIJING (Reuters) – A unit of China’s CRRC Corp, the world’s biggest train maker by revenue, on Thursday joined a group of its domestic peers in agreeing a deal to help build a high-speed link from Las Vegas to Los Angeles, underlining the rail giant’s…
Global economy worries prompt Fed to hold rates steady
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tighten…
Asian shares seen falling, dollar soft after Fed holds rates
TOKYO (Reuters) – Asian shares are likely to fall on Friday after the U.S. Federal Reserve held off on raising interest rates, reviving concerns about global economic weakness.
Adobe revenue, profit forecast miss estimates, shares slip
(Reuters) – Adobe Systems Inc’s lower-than-expected revenue and profit forecast for the current quarter overshadowed a strong rise in net subscriptions for its Creative Cloud software suite, sending its shares down 3.5 percent in extended trading.
Recall settlement frees GM CEO to confront new challenges
DETROIT/NEW YORK (Reuters) – Hours after General Motors Co agreed on Thursday to pay $900 million to settle criminal charges related to a bungled recall, Chief Executive Mary Barra said the legal and public relations crisis that has shadowed her for ne…
