Category: Business

Toyota warn on profits as car challenges mount
6. 2. 2019 No Responses

Toyota warn on profits as car challenges mount

Toyota, whose net profit last month fell 81%, cut its annual profit expectations for the 12 months to March by 19% to ¥1.87 Trillion. Toyota’s operating profit flatlined in the latest quarter as cost increases and lackluster sales offset a...
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Outrage as Once-Free Drug Now Costs $375,000
5. 2. 2019 No Responses

Outrage as Once-Free Drug Now Costs $375,000

Sen. Bernie Sanders (I-Vt.) is demanding to know why a pharmaceutical company has slapped a $375,000 list price on a drug that patients used to get for free. Sanders accused Patrick McEnany, president and CEO of Catalyst Pharmaceuticals Inc., of...
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Ford sales rise about 7% in January, GM down 7%
4. 2. 2019 No Responses

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...
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Ryanair slips into the red
4. 2. 2019 No Responses

Ryanair slips into the red

The low-cost carrier issues a dark outlook and warns that the risk of a no-deal Brexit remains “worryingly high”. Ryanair slipped to a quarterly loss of €19.6m (£17.2m) after competition pushed down air fares across Europe. The company has reite...
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10-year Treasury yield logs largest weekly drop in a month
3. 2. 2019 No Responses

10-year Treasury yield logs largest weekly drop in a month

Bonds contend with a turbulent week. Treasury yields rose sharply Friday as a round of solid economic data from U.S. factories and households helped to pare back the bond-market’s midweek rally, after the Federal Reserve signaled a more dovish policy...
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2,100 people lost their jobs in a media landslide this year
2. 2. 2019 No Responses

2,100 people lost their jobs in a media landslide this year

The media industry seemed to be in freefall following the announcement that Vice Media would cut 10% of its staff and that McClatchy Company offered buyouts to 450 employees, bringing the total number of media jobs cut in 2019 to...
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Emirates weighs killing A380 for A350 or A330neo
1. 2. 2019 No Responses

Emirates weighs killing A380 for A350 or A330neo

The superjumbo Airbus A380 is the poster child of Emirates’ global reach with 109 flying machines at the airline. And the coming 777X is defined as it is thanks to the trio’s geography. A requirement for sporty performance in 120-degree...
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Boeing Earnings, Outlook Smash Expectations
30. 1. 2019 No Responses

Boeing Earnings, Outlook Smash Expectations

Boeing’s stock rockets, to give a 150-point boost to the Dow’s price. Boeing shares soared more than 6%, and are set to take out all time highs of $392 after reporting earnings that smashed expectations and unveiling guidance that was...
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Volkswagen is close to hiring banks for Truck Unit IPO
30. 1. 2019 No Responses

Volkswagen is close to hiring banks for Truck Unit IPO

German Volkswagen AG is supposedly close to hiring banks and advisers to work on an IPO (initial public offering) for its heavy-truck division. Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are likely to...
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PG&E Files For Bankruptcy Protection With $50 Billion In Debt
29. 1. 2019 No Responses

PG&E Files For Bankruptcy Protection With $50 Billion In Debt

In what’s expected to be one of the most complicated bankruptcies in recent memory thanks to the involvement of indignant state and federal regulators, activist shareholders, worried bond holders and angry fire victims, PG&E has officially filed for ...
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Tata group is India’s most valuable brand
28. 1. 2019 No Responses

Tata group is India’s most valuable brand

At $19.5 billion, Tata group is India’s most valuable brand. The value of the brand Tata has soared 37 per cent to $19.5 billion in 2019, helping the conglomerate break into the top-100 in a global brands list. The salt-to-software...
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Honeywell And Pipistrel Collaborate On Aircraft Technologies
27. 1. 2019 No Responses

Honeywell And Pipistrel Collaborate On Aircraft Technologies

Honeywell And Pipistrel Collaborate On Aircraft Technologies For Urban Air Mobility Honeywell and Pipistrel combine aerospace expertise to address the technical, regulatory and business challenges of the emerging on-demand mobility market. Honeywell (NYSE: HO...
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German expert panel agrees on 2038 deadline to end coal use
26. 1. 2019 No Responses

German expert panel agrees on 2038 deadline to end coal use

In a pioneering move, a government-appointed panel on Saturday recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The so-called Coal Commission reached agreement in the early...
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Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash
26. 1. 2019 No Responses

Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash

Goldman Sachs and Morgan Stanley asked some counterparties to cancel or amend trades in Jardine Matheson Holdings Ltd, after a $US41 billion ($SG58 billion) flash crash on Thursday saw shares change hands far below the market level, according to people...
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Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion
25. 1. 2019 No Responses

Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

NAO report reveals cost of removing hundreds of North Sea wells, rigs and pipelines British taxpayers face a £24 Billion bill for tax relief awarded to oil and gas companies removing hundreds of North Sea wells, rigs and pipelines, the...
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