VW HR chief says expects five-digit number of job cuts: FAZ

BERLIN/FRANKFURT (Reuters) – Volkswagen expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief. Karlheinz Blessing, who sits on VW group's nine-member top management board, said the carmaker will need to cut jobs in production as assembly of electric engines requires fewer workers than making combustion engines, the newspaper said, citing an interview to be published in Saturday's …

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VW HR chief says expects five-digit number of job cuts: FAZ

Bombardier books four Challenger 650 orders from Zetta Jet

ORLANDO, Fla. (Reuters) – Canadian plane and train maker Bombardier Inc said on Sunday it had booked an order for four of its Challenger 650 business jets from Zetta Jet, a charter operator based in Singapore, valued at $129 million at list prices.

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Bombardier books four Challenger 650 orders from Zetta Jet

Hilton’s value could rise by 25 percent on breakup: Barron’s

NEW YORK (Reuters) – Shares of Hotel operator Hilton Worldwide Holdings Inc could increase by at least 25 percent on its planned split into three companies, Barron's reported on Sunday.

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Hilton’s value could rise by 25 percent on breakup: Barron’s

Non-OPEC yet to pledge concrete oil output steps after meeting OPEC

Non-OPEC producers made no specific commitment on Saturday to join the Organisation of the Petroleum Exporting Countries in limiting oil output levels to prop up prices – a stance that suggested they wanted OPEC to solve its differences first. Officials and experts from OPEC countries and non-OPEC nations including Azerbaijan, Brazil, Kazakhstan, Mexico, Oman and …

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Non-OPEC yet to pledge concrete oil output steps after meeting OPEC

EU, U.S. trade deal not dead yet: EU’s Malmstrom

By Robert-Jan Bartunek BRUSSELS (Reuters) – A much-debated trade deal between the European Union and the United States is not dead and negotiations will continue with the new U.S. administration after November's elections, EU Trade Commissioner Cecilia Malmstrom said on Saturday. Paul Magnette, the premier of Belgium's region of Wallonia who led opposition to the Canadian trade deal, told his parliament on Friday that with the

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EU, U.S. trade deal not dead yet: EU’s Malmstrom

Baker Hughes-GE talks come after difficult time for both companies

Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday it was in discussions with Baker Hughes Inc but not to acquire the company outright. Baker Hughes said Friday talks were ongoing.

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Baker Hughes-GE talks come after difficult time for both companies

Morgan Stanley COO Jim Rosenthal to retire at end of year: memo

(Reuters) – Morgan Stanley chief operating officer Jim Rosenthal will retire at the end of the year.

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Morgan Stanley COO Jim Rosenthal to retire at end of year: memo

EU and Canada to sign trade pact after Belgians strike key deal

By Robert-Jan Bartunek BRUSSELS (Reuters) – Canada and the European Union will sign a landmark free trade deal on Sunday after a series of key votes in Belgian regional assemblies on Friday ended opposition that had threatened to destroy the entire agreement. Soon after the final Belgian vote, European Council president Donald Tusk called Canadian Prime Minister Justin Trudeau and invited him to Brussels for the signing ceremony, which is scheduled for noon local time (1000 GMT). Great …

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EU and Canada to sign trade pact after Belgians strike key deal

BMW recalling 154,472 vehicles in U.S., Canada over fuel pumps

DETROIT (Reuters) – BMW is recalling 154,472 vehicles registered in the United States and Canada for a fuel pump problem that could cause stalling, according to a filing with U.S. safety regulators and BMW.

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BMW recalling 154,472 vehicles in U.S., Canada over fuel pumps

Tesla’s Musk adds solar roofs to his clean energy vision

Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp . The billionaire entrepreneur showed of solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery, which Tesla calls the Powerwall, aimed at realizing his vision of selling a fossil fuel free lifestyle to consumers. The…

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Tesla’s Musk adds solar roofs to his clean energy vision

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