BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs.
U.S. stocks fell on Wednesday after economic bellwether FedEx Corp’s downbeat profit outlook raised concerns about global growth, while investors waited for more clarity on the Federal Reserve’s interest rate forecasts for the rest of the year.
Following the global grounding of Boeing Co’s 737 MAX jets, U.S. and Canadian airlines that fly the roughly 175-seat aircraft face a fresh logistical challenge every day: which flights to cancel and which to cover with other planes.
Cheerios cereal maker General Mills Inc beat Wall Street estimates for quarterly profit and raised its full-year forecast on Wednesday, aided by price increases across a wide range of products, sending its shares to their highest in a year.
The world’s biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster.
Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents.
WASHINGTON – The U.S. Supreme Court on Wednesday cast doubt on a $8.5 million settlement Google had agreed to pay to end an internet privacy dispute, directing a lower court to review whether plaintiffs who accused the search engine operator of wrongdoing in a class action lawsuit were legally eligible to sue.
U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve’s interest rate forecasts for the rest of the year.
Walt Disney Co closed its $71 billion acquisition of Twenty-First Century Fox Inc’s film and television assets on Wednesday, giving its upcoming streaming service a range of popular content as it takes on Netflix Inc.
Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian basin.
The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew.
Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd’s shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar with the matter said on Wednesday.
Starbucks Corp is investing $100 million in a newly created fund that will be managed by Tesla Inc investor Valor Equity Partners to promote companies developing new technologies and products for the food and retail industry.
Cheerios cereal maker General Mills racked up higher-than-expected profit in the third quarter after it lifted prices to combat higher costs, spurring a rise in its full-year forecast and driving shares up 6 percent.
Wall Street’s main indexes were set to eke out gains at open on Wednesday, as investors cautiously waited for more clarity on the Federal Reserve’s monetary policy outlook for the year, while trade worries still lingered.
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