Ford shares tumble on lower profit outlook for 2014-2015
DEARBORN (Reuters) – Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives tol…
Boeing to shift some defense work out of Washington state: sources
WASHINGTON (Reuters) – Boeing Co on Monday said it would move the majority of its defense services and support work out of Washington state to other U.S. cities, affecting the jobs of about 2,000 of its 5,200 defense employees in the Puget Sound region…
Ford says it will reach global sales of 9.4 million vehicles by 2020
DETROIT (Reuters) – Ford Motor Co will increase its global sales to 9.4 million vehicles by 2020 from 6.2 million vehicles in 2013, said Jim Farley, Ford’s sales chief.
With Pimco’s Gross out, Allianz tries to reassure investors
FRANKFURT/NEW YORK (Reuters) – Top executives of Pimco and its German parent, Allianz SE, scrambled on Monday to stem the outflow of money after the stunning exit of star bond manager Bill Gross last week, but even after months of internal strife Allia…
Alibaba options active in U.S. trading debut
NEW YORK (Reuters) – Chinese e-commerce heavyweight Alibaba Group’s options were among the most active on Monday, their first day of trading, with an even mix of bullish and bearish bets.
Exclusive: NY targets Commerzbank employees in sanctions accord – sources
NEW YORK (Reuters) – New York’s financial regulator wants some Commerzbank AG employees to be fired as part of a settlement over allegations the German lender improperly processed transactions with Iran and other countries facing U.S. sanctions, accord…
Ford plans to trim global vehicle platforms from 15 to 9 by 2016: executive
DETROIT (Reuters) – Ford Motor Co expects to build about 99 percent of its vehicles on just nine global platforms by 2016, according to product development chief Raj Nair.
Avon wins dismissal of lawsuit over China bribery
NEW YORK (Reuters) – Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.
Tag Heuer cuts some management and production jobs: LVMH exec
PARIS (Reuters) – Tag Heuer, the biggest watch brand within French luxury group LVMH , has cut some management and production jobs in Switzerland in response to an industry slowdown, the head of LVMH watches said on Monday.
New Fed study suggests traders’ rate path view lags that of Fed
SAN FRANCISCO (Reuters) – The Federal Reserve will likely start raising interest rates in mid-2015, but so slowly that rates will end the year at just 0.55 percent, according to a San Francisco Fed study of betting in futures markets released on Monday…
