Alstom to shed 1,300 jobs in cost-cutting drive
PARIS (Reuters) – Alstom plans to cut 1,300 jobs worldwide, mainly in Europe, as part of a cost-cutting drive that will see it sell a minority stake in its transport business, Chief Executive Patrick Kron said on Wednesday.
China’s Oct commodities imports to rise on year on better economy
SHANGHAI (Reuters) – China’s main commodities imports likely eased from record levels last month due to a week-long holiday in October, but shipments of crude oil, copper and iron ore are still expected to post strong annual growth as economic recovery…
AngloGold says Namibia sale in works, to cut 430 jobs in Ghana
JOHANNESBURG (Reuters) – Africa’s top bullion producer, AngloGold Ashanti, is “trying to close a sale” for its small Navachab operation in Namibia and is cutting 430 jobs at its troubled Obuasi mine in Ghana, its chief executive said on Wednesday.
Mitsubishi Motors sets ambitious goals as revival campaign enters final lap
TOKYO (Reuters) – Mitsubishi Motors Corp laid out plans to boost production and profit by about one-third over three years with a focus on emerging markets as it turns the page on a decade-long revival campaign.
Ford says October China auto sales up 55 percent year-on-year
(Reuters) – Ford Motor Co and its local partners in China sold a total 93,969 vehicles on a wholesale basis in October, an increase of 55 percent from a year earlier, the company said on Wednesday.
Washington state set to build Boeing 777X
NEW YORK/SEATTLE (Reuters) – Boeing Co is set to build key parts of its newest jet, the 777X, in the Seattle area providing Washington state passes legislation extending financial incentives for the plane maker and Boeing machinists approve a long-term…
Tokyo Electric aims for July restart of nuclear plant: media
TOKYO (Reuters) – Tokyo Electric Power Co, the operator of the wrecked Fukushima nuclear station, will propose restarting another of its atomic plants next July in a new business plan to be released in December, the Yomiuri newspaper reported on Wednes…
Exclusive: Microsoft narrows CEO shortlist; Mulally, Elop make the cut
NEW YORK (Reuters) – Microsoft Corp has narrowed its list of external candidates to replace Chief Executive Steve Ballmer to about five people, including Ford Motor Co chief Alan Mulally and former Nokia CEO Stephen Elop, according to sources familiar …
Acer shares tumble by daily limit after CEO resigns, job cuts
TAIPEI (Reuters) – Shares of Acer Inc fell by their daily limit on Wednesday after the company announced a restructuring plan with a new chief executive and a 7 percent reduction of its workforce after a worse-than-expected quarterly loss.
Prosecutors may seek to fine Deutsche Bank in Kirch dispute: company
FRANKFURT (Reuters) – Prosecutors may seek to fine Germany’s biggest lender Deutsche Bank if their suspicion is confirmed that Co-Chief Executive Juergen Fitschen gave misleading evidence in a dispute over the collapse of the Kirch media empire, Deutsc…
