U.S. stock index futures gained slightly on Monday as an unexpected rise in Chinese manufacturing activity assuaged investor concerns about a global economic slowdown in the wake of a prolonged trade war between Washington and Beijing.
Tens of thousands of British drivers on Monday accused Volkswagen of fitting devices to cheat clean air laws at the start of the country’s biggest class action lawsuit brought to tackle “dieselgate”.
Tens of thousands of British drivers on Monday accused Volkswagen of fitting devices to cheat clean air laws at the start of the country’s biggest class action lawsuit brought to tackle “dieselgate”. Volkswagen has said about 11 million cars worldwide – and 1.2 million in Britain – were fitted with software that cheated diesel emissions tests designed to limit noxious car fumes and carbon dioxide (CO2) pollution. A hearing at the High Court is set to last for two weeks. …read more […]
Italian metalworker union FIOM on Monday called on Fiat Chrysler to come up with new car models to be produced in its home town of Turin to ensure the Mirafiori plant there reaches full employment.
There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com… …read more […]
Stock markets reversed earlier gains on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, overshadowing data showing that the Chinese and euro zone economies were stabilizing.
PARIS/BRUSSELS (Reuters) – The World Trade Organization has found the EU has failed to withdraw all subsidies to planemaker Airbus, three people familiar with the matter said, a decision likely to permit the United States to maintain tariffs on European goods. A new compliance report, to be published on Monday at 4 p.m. in Geneva (1500 GMT), found that the Airbus A350 jetliner continues to be subsidised as a result of earlier government loans, they said. …read more […]
Why this well-known dealmaker is all in on infrastructure. …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump is reinstating tariffs on steel and aluminum from Argentina and Brazil, nations he criticized for cheapening their currencies to the detriment of U.S. farmers, and again called on the Federal Reserve to loosen monetary policy.Linking his trade agenda with his Fed criticism in an early morning tweet, he said the two South American countries “have been presiding over a massive devaluation of their currencies. which is not good for our farmers.”The president’s action amounts to retaliation against …read more […]
Medical supply company Baxter International Inc said on Monday it had agreed to buy Sanofi’s Seprafilm unit, which makes specialist surgical products, for $350 million in cash. France’s Sanofi is conducting a broad strategy review under new chief executive Paul Hudson, who will give some initial pointers on which businesses he wants to focus on at an investor day on Dec. 10. Sanofi took on Seprafilm, which is used to help manage bleeding in abdominal and pelvis operations, in 2011 as part of its purchase of Genzyme. …read more […]
French carmaker Renault is close to finalizing the shortlist of names for the post of chief executive and could complete the shortlist before the end of the year, said Renault chairman Jean-Dominique Senard on Monday.
U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.
(Bloomberg Opinion) — Drugmakers have spent years de-emphasizing heart medications in favor of higher-priced treatments for cancer and rare diseases. As America enters its most caloric season, it looks like that is starting to change, for now. Novartis AG made a particularly large commitment Sunday with its $9.7 billion purchase of Medicines Co. and its promising new cholesterol drug. Meanwhile, biotechnology company Amarin Corp.’s bet on its fish-oil-derived capsule Vascepa is starting to pay off: Its shares soared earlier this month after a Food and Drug Administration panel recently suggested the pill — which was shown to cut cardiac risk …read more […]
There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com… …read more […]
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are… …read more […]
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