Advent-led consortium to spend ‘billions’ on expanding Thyssenkrupp Elevator
The consortium that won the bid to acquire Thyssenkrupp’s elevators division wants to spend billions of euros on expanding the business, a manager at one of three partners said in remarks published on Sunday.
Citgo, Aruba reach deal to transfer control of refinery to island government
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island’s government, Citgo said late on Saturday, after the two parties last year suspended a contract to overhaul the facility.
Saudi Aramco shares hit lowest since IPO, down over 2%
Shares of Saudi Aramco hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries about the global spread of the coronavirus.
American Airlines suspending flights to Milan after U.S. travel warning
American Airlines Inc will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy due to the coronavirus outbreak.
Venezuela revamps PDVSA leadership after Maduro launches restructuring
Venezuela has named new vice presidents for four units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil companies, PDVSA said on Saturday.
Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document
Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.
Elliott targets Twitter, seeking CEO Dorsey’s removal: sources
Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company’s chief executive, Jack Dorsey, two people familiar with the matter said on Friday.
USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO
The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization.
Harley-Davidson looks for new leadership to end its sales struggle
Harley-Davidson Inc on Friday named a board member hailed for turning around the Puma brand’s near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales.
Elliott built a stake in Twitter, is pushing for changes: sources
Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc and is pushing for changes, including removing the chief executive officer, two people familiar with the matter sai…
