Philips warns healthcare unit will miss forecast earnings
AMSTERDAM (Reuters) – Philips warned its healthcare business would miss forecast earnings but went some way to reassure investors by adding its chief executive would take direct charge of the unit, which contributes 40 percent of company revenues.
Air France warns on profit as overcapacity hits prices
PARIS (Reuters) – An Air France-KLM profit warning bruised European airline shares on Tuesday, as the latest evidence of overcapacity set the stage for possible further job cuts.
VW brand sales up 1.1 percent to 514,900 cars in June
BERLIN (Reuters) – Germany’s Volkswagen increased sales at its core passenger-car brand by 1.1 percent in June to 514,900 autos as growing demand in Europe and Asia outweighed declines in the Americas.
BMW brand auto sales up 7.3 percent in June on China, U.S.
BERLIN (Reuters) – Germany’s BMW said on Tuesday that sales of its core luxury-car brand increased 7.3 percent in June to 164,214 autos, powered by demand in China and the United States.
GM Korea CEO warns of output cut as strike vote looms
SEOUL (Reuters) – General Motors’ South Korea chief warned employees that a potential strike could lead to further production cuts in one of its major Asian manufacturing bases, according to an email sent to staff and obtained by Reuters.
Airbus chief positive on A330neo, calls for weaker euro
FRANKFURT/PARIS (Reuters) – The head of planemaker Airbus has voiced growing support for plans to upgrade a popular wide-body jet to sharpen its contest for plane sales with Boeing , while urging European authorities to weaken the euro to help exporter…
Total CEO keeps costly drilling strategy to end: 2014
PARIS (Reuters) – The chief executive of French oil major Total is giving himself until the end of the year to strike oil at a big new field somewhere in the world before considering whether to change direction and cut the exploration budget.
Japan current account surplus improves in May, outlook dim
TOKYO (Reuters) – Japan’s current account logged a higher-than-expected surplus in May, government data showed on Tuesday, as the trade deficit narrowed due to a decline in imports.
Smartphones weigh on Samsung Electronics as guidance disappoints
SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday issued unexpectedly weak quarterly earnings guidance which put it on track for its worst results in two years and cast doubt on the smartphone leader’s strategy against cheaper Chinese rivals.
Samsung, Intel, Dell team up on standards for connected gadgets
SAN FRANCISCO (Reuters) – Samsung Electronics, Intel Corp and Dell have joined to establish standard ways for household gadgets like thermostats and light bulbs to talk to each other, at odds with a framework backed by Qualcomm, LG Electronics and othe…
