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Airbus Group profits in line, raises A330 output goal
February 24, 2016 by admin · Leave a Comment
Airbus Group posted 2015 profit in line with forecasts on Wednesday and announced plans to reverse part of a planned production cut of A330 aircraft due to stronger-than-expected demand. Analysts were on average predicting full-year core operating income of 4.114 billion euros on revenue of 64.736 billion,
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Airbus Group profits in line, raises A330 output goal
Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls
February 24, 2016 by creative · Leave a Comment
By David Shepardson WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand's emissions-cheating scandal while quality problems hurt Tesla Motors Inc's Model S luxury car. Audi was followed by Fuji Heavy Industries' Subaru unit, Toyota Motor Corp's Lexus brand, Porsche and BMW AG . Volkswagen AG's Audi unit was named best overall brand, based on the magazine's road testing, reliability,
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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls
Time Inc explores bid for Yahoo’s core business: source
February 24, 2016 by elegant · Leave a Comment
Time Inc , publisher of Sports Illustrated, People and Time magazines, has been exploring a bid to acquire Yahoo Inc's core Internet business for several weeks, a source familiar with the situation told Reuters on Tuesday. Time Inc has been reaching out to …
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Time Inc explores bid for Yahoo’s core business: source
As U.S. shale sinks, pipeline fight sends woes downstream
February 22, 2016 by publisher · Leave a Comment
By Tom Hals WILMINGTON, Del. (Reuters) – Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S. energy producers are trying to use Chapter 11 bankruptcy protection to shed long-term contracts with the pipeline operators that gather and process shale gas before it is delivered to consumer markets. The attempts to shed the contracts by Sabine …
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As U.S. shale sinks, pipeline fight sends woes downstream
Western Digital investor Alken pushes to cancel SanDisk deal
February 22, 2016 by elegant · Leave a Comment
Western Digital agreed to buy SanDisk in a $19 billion deal in October to help increase its ability to make flash memory storage chips used in smartphones and tablets. The London-based investment manager, Alken Asset, said weakness in the storage chip market has hurt Sandisk's stock price which in turn will hurt Western Digital if the deal goes through. “The price being paid for SanDisk is excessive in light of the changing landscape for SanDisk's products and capital markets…
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Western Digital investor Alken pushes to cancel SanDisk deal
Allergan’s revenue beats on higher U.S. brand sales
February 22, 2016 by creative · Leave a Comment
(Reuters) – Allergan Plc reported better-than-expected quarterly revenue, helped by strong performance in its U.S. brands segment, and said it continues to expect its takeover by Pfizer Inc to close in the second
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Allergan’s revenue beats on higher U.S. brand sales
Honeywell, United Technologies held merger talks: CNBC
February 22, 2016 by publisher · Leave a Comment
(Reuters) – Aerospace component suppliers Honeywell International Inc and United Technologies Corp have held talks about a merger, CNBC reported on Monday, citing people familiar with the situation. United Tech's shares, part of the Dow Jones industrial average , jumped 6.6 percent to $93.90 in afternoon trading, while Honeywell's dipped 1.2 percent after earlier rising to…
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Honeywell, United Technologies held merger talks: CNBC
Apple urges U.S. government to form commission on encryption issues
February 22, 2016 by creative · Leave a Comment
Apple Inc on Monday urged the creation of a government panel on encryption to help resolve a standoff over national security and data privacy that erupted last week after the technology company refused a U.S. government demand to unlock an iPhone linked to one of the killers in a mass shooting in California in December. It was the latest move in a public and symbolic showdown between the …
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Apple urges U.S. government to form commission on encryption issues
Saudi oil minister to face rival U.S. producers as price rout bites
February 21, 2016 by elegant · Leave a Comment
This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: U.S. shale oil producers struggling …
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Saudi oil minister to face rival U.S. producers as price rout bites
Volvo Cars recalls 59,000 cars over software fault
February 21, 2016 by publisher · Leave a Comment
“We have no information that this has led to any accidents,” Volvo Car Group spokesman Stefan Elfstrom said. Elfstrom said owners of 2016 model 60 and 70 series cars were being told to take their vehicles to dealers to get the software fault corrected. The Gothenburg-based company was bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010.
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Volvo Cars recalls 59,000 cars over software fault