Business – Page 41 – PressClub World

30. 10. 2019 No Responses

Fiat Chrysler in merger talks with French automaker Peugeot

FCA – Fiat Chrysler and Peugeot owner PSA Groupe are in merger talks, the companies confirmed Wednesday. The companies issued separate, nearly identical statements, signifying a coordinated messaging strategy, with Italian-American automaker FCA adding that it had no additional comment. “Following recent reports...

29. 10. 2019 No Responses

Boeing CEO Testify In Front Of Senate

Dennis Muilenburg – CEO of Boeing grilled in front of Senate – “We Made Mistakes” Boeing’s CEO appeared before the Senate Commerce committee today to address the controversy surrounding the two fatal 737 Max crashes that took th...

26. 10. 2019 No Responses

Verizon reports strong 3Q results propelled by wireless customer growth

Highest third-quarter phone gross adds in five years, increased wireless net additions and EPS growth. Verizon Communications Inc. notched large gains in phone subscribers in the third quarter, aided by a revamp of its unlimited data plans that shaved about $...

24. 10. 2019 No Responses

Gulfstream introduces the G700 as the new flagship of its business jet family

Gulfstream is now (again) gunning for bragging rights to the world’s biggest private jet, according to Bloomberg. Gulfstream’s G650 was unseated as the world’s largest luxury jet by Bombardier’s Global 7500 last year. But now, Gulfstre...

23. 10. 2019 No Responses

Boeing Revenue Tumbles 20%

Boeing Revenue Tumbles 20% As Cash Burn Soars Most In 9 Years; 787 Production Throttled. One of the busiest days of Q3 earnings season is quickly turning into a nightmare for corporate America, as first CAT stunned markets by slashing...

22. 10. 2019 No Responses

McKinsey: Nearly 60% of the world’s banks wouldn’t survive an economic downturn

Nearly 60% of the world’s banks aren’t strong enough to survive a downturn, McKinsey & Company said in its latest global banking review. It also suggested several ways for them to become more resilient. Nearly 60% of the world’s banks ar...

21. 10. 2019 No Responses

Asset Bubbles No Longer Work As A Cure For Growth

If there was one message that resonated from the IMF meetings, it was that what we are doing isn’t working. Acknowledging that fact is every bit as important as the forecasts of dour prospects for global growth and the risks of excess leverage. You...

18. 10. 2019 No Responses

Sanofi recalls popular heartburn drug Zantac as FDA investigates probable carcinogen

Sanofi said Friday it will recall the widely-used heartburn drug Zantac from stores in the United States and Canada as the drugmaker and Food and Drug Administration investigate a probable carcinogen detected in the drug. The FDA last month said it...

16. 10. 2019 No Responses

Dennis Muilenburg Out as Boeing Chairman

Aviation Week & Space Technology “Person of The Year” Dennis Muilenburg Out as Boeing Chairman, Remains CEO. Because sheer madness has captured many airlines that had to ground a number of Boeing 737 MAX planes for an unknown period of time ...

14. 10. 2019 No Responses

G7 Panics: “Global Stablecoins Pose Threat To Financial Stability”

The G7 group of nations has reportedly drafted a report which says that “global stablecoins” pose a threat to the global financial system. According to the BBC on Oct. 13, a draft report from the G7 outlined the various risks associated with...

11. 10. 2019 No Responses

Cannes Yachting Festival Management Decision Further Delayed

The long-running legal dispute between the Fédération des Industries Nautique and show organiser Reed Exhibitions France will not be heard by the Paris Court of Appeals until December 2020 The three-year legal battle between the Fédération des Industries N...

9. 10. 2019 No Responses

Vietnam & Mexico biggest winners from US-China trade war

US imports from its largest supplier China have slumped by 12.5 percent due to the ongoing trade war. Meanwhile, Vietnam and Mexico have been filling this gap with massive import increases. According to the latest report by the US-based Census...

8. 10. 2019 No Responses

US Army selects a new generation of assault rifles and light machine guns

The US Army has selected three companies to design Next Generation Squad Weapon (NGSW) prototype variants. The US Army announced that it has awarded Textron Systems, General Dynamics Ordnance and Tactical Systems, and SIG Sauer with NGSW prototype contracts th...

3. 10. 2019 No Responses

Detroit 3 and Japan 3 tumbled heavily

The biggest Asian automakers recorded double-digit sales declines and estimates for the Detroit 3 showed double-digit drops as well. Ford Motor Co. posted a 12 percent drop for the month, according to Data Center estimates. Ford F-series sales dropped 13...

1. 10. 2019 No Responses

Slovenia’s Adria Airways files for bankruptcy

Adria Airways has filed for bankruptcy at the Kranj District Court and cancelled all scheduled flights as of September 30, 2019. “Bankruptcy proceedings were initiated by management because of the company’s insolvency and based on the Slovenian Financi...

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