VW keeps profit outlook, raises sales target after record earnings
BERLIN (Reuters) – Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models.
Exclusive: Areva to cut wage bill 15 percent as prospects worsen – union sources
PARIS (Reuters) – French nuclear group Areva plans to cut 15 percent of its wage bill to save 300 million euros ($337 million) a year within three years amid worsening sales prospects for its reactors, union sources briefed by the new management team s…
Some staff say India’s Sahara has not paid salaries for months
MUMBAI (Reuters) – Some staff at Indian conglomerate Sahara say they haven’t been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail.
Germany backs Greek extension but bailout fatigue grows
BERLIN (Reuters) – Germany’s parliament approved an extension of Greece’s bailout on Friday but a record number of dissenters from Angela Merkel’s conservatives underscored growing scepticism in Berlin about whether a new Greek government can be truste…
European shares at fresh seven-year high as ECB QE nears
LONDON (Reuters) – European shares rose to fresh seven-year highs on Friday, extending a two-month rally fueled by the European Central Bank’s money printing program which starts in the coming weeks.
Mazda bets on diesel-only car for Japan launch of key 2015 model
TOKYO (Reuters) – Japan’s Mazda Motor Corp will sell only diesel-powered cars in the domestic launch of its key model for 2015, gambling it can convince the country’s army of hybrid petrol-electric drivers that the days of sooty, noisy diesels are long…
Moscovici says ‘Grexit’ would raise question – who’s next?
BERLIN (Reuters) – The European Union’s financial affairs chief Pierre Moscovici told German radio on Friday, just before a Bundestag vote on a bailout extension for Greece, that allowing any country to leave the euro zone would simply raise the questi…
After Indonesia retreat, GM retrenches in Thailand, too
(Reuters) – A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.
AstraZeneca to carve out antibiotic R&D into separate firm
LONDON (Reuters) – Drugmaker AstraZeneca has decided to carve out its early-stage antibiotic research by creating a stand-alone subsidiary company, as it sharpens its focus on other therapy areas.
Ericsson sues Apple for telecom patent infringement
STOCKHOLM (Reuters) – Swedish mobile telecom gear maker Ericsson is suing Apple Inc for patent infringement, Ericsson said on Friday.
