France's SNCF has no plans for job cuts

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Source: Dukascopy Bank SA
SNCF, France's state railway monopoly, is not considering job cuts, following a report of €762M net loss in the year's first half, the firm's CEO stated.
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Mon, 30 Jul 2018 06:29:00 GMT

Oerlikon agrees on its drive systems unit sale

On Monday, OC Oerlikon stated it had agreed on a sale of its drive systems segment to the US engineering firm Dana in a deal valued at £460.2M, after the Swiss firm had shelved a scheduled listing of the unit.

Mon, 30 Jul 2018 04:54:04 GMT

Swiss Mirelis to pay $10.25M to avoid US prosecution

According to the US Justice Department, Swiss financial and asset management company Mirelis Holding is set to pay $10.25M to the US to avoid possible prosecution for the tax-related criminal offenses.

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