Volkswagen Chairman says is not seeking to push out CEO: Bild
BERLIN (Reuters) – Volkswagen Chairman Ferdinand Piech is not seeking to push out Chief Executive Martin Winterkorn, Bild-Zeitung reported on Thursday, citing Piech.
Nissan says supports Renault call for balance
TOKYO (Reuters) – Nissan Motor Co said its board of directors met on Thursday and unanimously supported alliance partner Renault SA’s decision to seek a balance between its two main shareholders: the French government and Nissan.
United Airlines swaps ten Boeing Dreamliners for 777-300ER jets
(Reuters) – United Airlines said Thursday that it has swapped 10 orders of Boeing Co 787 Dreamliners for 10 larger 777-300ER jets, marking a victory for the plane manufacturer as it seeks to sell out the 777 planes before their production ends.
Dow profit beats estimates as margins expand
(Reuters) – Dow Chemical Co reported a better-than-expected quarterly profit, helped by higher margins in five of its six units.
Nasdaq hikes dividend, cuts costs as profits top views
NEW YORK (Reuters) – Transatlantic exchange operator Nasdaq OMX Group on Thursday said it raised its dividend 67 percent and took substantial restructuring charges to combat foreign exchange headwinds as its profits topped expectations.
Raytheon sales fall amid weak U.S. defense spending
(Reuters) – U.S. weapons maker Raytheon Co , the maker of Tomahawk and Amraam missiles, reported a 4 percent fall in quarterly sales as U.S. defense spending remained weak.
Airbus moves ahead with defense electronics, other asset sales
FRANKFURT (Reuters) – Airbus has started approaching potential buyers for electronics and other assets it wants to sell to focus its defense division on warplanes, missiles, launchers and satellites, three sources familiar with the matter said.
Barclays CEO sees ‘significant’ progress in conduct probes this year
LONDON (Reuters) – Barclays Chief Executive Antony Jenkins said he expects the bank to make “significant” progress this year toward settling outstanding investigations into past misconduct.
PSA Peugeot Citroen CEO open to expand mini-car collaboration beyond Toyota
SHANGHAI (Reuters) – French automaker PSA Peugeot Citroen is open to bringing in more partners to its existing collaboration with Toyota Motor Corp to share the cost of designing and manufacturing mini-cars, according to its chief executive.
Ericsson’s first-quarter profit drops, says U.S. market remains slow
STOCKHOLM (Reuters) – Telecoms equipment maker Ericsson reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins e…
