Fiat Chrysler CEO cancels auto show appearance to assist with labor talks
FRANKFURT (Reuters) – Chief Executive Sergio Marchionne has canceled his appearance at the Frankfurt auto show this week after Fiat Chrysler Automobiles (FCA) was picked as the target company in labor talks in the United States, a company spokesman sai…
Brent oil prices dip on weaker China data
LONDON (Reuters) – Brent crude oil fell on Monday as weaker-than-expected Chinese data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude.
Google’s self-driving car push spurs hiring spree at automakers
FRANKFURT (Reuters) – German premium carmakers BMW , Mercedes-Benz and Audi are snapping up software experts as tech firms such as Google threaten to outflank them in the race to develop a self-driving car.
Stocks shrug off China data, Fed weighs on markets
LONDON (Reuters) – Stocks rose on Monday, shrugging off tepid Chinese economic data while the dollar weakened before a U.S. Federal Reserve decision on whether to raise interest rates for the first time since 2006 later this week.
Alibaba shares could fall another 50 percent, says Barron’s cover story
(Reuters) – Shares of Alibaba Group Holding Ltd , which recently slipped below their initial offering price after having rocketed 75 percent in their first two months of trading, could lose another 50 percent of their value, Barron’s said in the cover …
DuPont to face first trial over C-8 exposure
NEW YORK (Reuters) – Chemical giant DuPont Monday will face the first trial in litigation from residents near one of its plants in West Virginia who have accused the company of sickening them by emitting a toxic chemical that leaked into their drinking…
Toshiba to report first quarter operating loss of over 10 billion yen: Nikkei
TOKYO (Reuters) – Toshiba Corp is set to report an operating loss of more than 10 billion yen ($83 million) in the April-June quarter hurt by weakness in the consumer electronics business, the Nikkei business daily reported.
Bank of America officials worried about Moynihan vote: WSJ
NEW YORK (Reuters) – Some Bank of America Corp officials told investors they could lose an upcoming shareholder vote on having Brian Moynihan continue as chairman and chief executive of the company, the Wall Street Journal reported on Sunday.
China unveils details of state-firm reforms as growth sputters
BEIJING (Reuters) – China unveiled details on Sunday of how it would restructure its state-owned enterprises (SOEs), including partial privatization, as data pointed to a cooling in the world’s second-largest economy.
Airbus says U.S. factory will be world’s most efficient
MOBILE, Ala. (Reuters) – Airbus Group said on Sunday that its first U.S. factory, due to formally open on Monday, will be the most efficient in the world and will focus on building the largest version of the company’s single-aisle aircraft.
