News

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Thu, 20 Dec 2018 20:33:54 GMT

Nissan to lay off 1K workers in Mexico

Japan's carmaker Nissan Motor is likely to lay off about 1K Mexican workers at two factories due to challenging market conditions, the company stated.

Thu, 20 Dec 2018 20:32:17 GMT

GM to respond to proposals to save plant in Ontario in January

General Motors is expected to respond by January 7 to Canada's union proposals to save an auto assembly plant in Ontario open, the head of the union stated.

Thu, 20 Dec 2018 19:38:53 GMT

J&J fails to persuade to set aside $4.7B talc verdict

Johnson & Johnson failed to persuade a trial judge of Missouri to set aside the verdict awarding $4.69B to 22 women blaming their ovarian cancer on asbestos in Baby Powder and other talc products.

Thu, 20 Dec 2018 19:36:13 GMT

Amazon to diminish fees for third-party sellers

Amazon.com is expected to lower some fees, which it charged third-party sellers on the marketplace, the company stated.

Thu, 20 Dec 2018 19:33:00 GMT

Altria to purchase $12.8B minority stake in Juul

Marlboro cigarette producer Altria is set to buy a stake of 35% in Juul Labs for $12.8B in a merge between an old-line tobacco major and a fast-expanding electronic-cigarette rival.

Thu, 20 Dec 2018 18:33:56 GMT

UK Ministers split on further Brexit steps if May's deal fails

Britain's Ministers were divided on the government's further steps if the Prime Minister's Brexit deal with the EU is not approved by parliament in January.

Thu, 20 Dec 2018 18:31:58 GMT

Oil prices drop markedly as stock markets tumble

Oil prices declined more than 4% on Thursday, reaching the lowest in more than a year amid worries over oversupply and the future of energy demand, as the US interest rate hike knocked stock markets.

Thu, 20 Dec 2018 17:31:23 GMT

ExxonMobil shelves LNG export project in Canada

The US oil major ExxonMobil withdrawn its liquefied natural gas export project in Canada from the environmental assessment, indicating that the project was shelved.

Thu, 20 Dec 2018 17:29:04 GMT

Cigna closes $54B Express Scripts purchase

Cigna closed $54B deal to purchase Express Scripts, creating one of the insurance plants and pharmacy benefits providers in the US, aimed to enhance healthcare coordination and diminish costs.

Thu, 20 Dec 2018 16:30:53 GMT

Apple to reap some iPhones from Germany's stores

Apple stated it is likely to pull some iPhones from stores in Germany after the court ruled that Apple infringed Qualcomm's hardware patent and banned sales of iPhone with chips from Qorvo.

Thu, 20 Dec 2018 16:26:17 GMT

Walgreens aim to save $1B annually

Walgreens Boots Alliance stated that it is likely to consolidate warehouses and close some stores within a cost-cutting plan, in a bid to save more than $1B annually.

Thu, 20 Dec 2018 15:14:00 GMT

Airbus share prices continue to decline

The share prices of Airbus continued to decline on Thursday, as it was revealed that US authorities have joined the corruption investigation that is being conducted by British and French officials.

Thu, 20 Dec 2018 15:13:54 GMT

Altria will buy stake in Juul

The makers of Marlboro cigarettes Altria Group announced on Thursday that they will buy a minority stake in the e-cigarette company Juul for $12.8 billion.

Thu, 20 Dec 2018 13:44:08 GMT

Embraer will pay out extraordinary dividends

On Thursday, the Brazilian plane manufacturer Embraer SA announced that the company intends to distribute nearly $1.7 billion USD in dividends.

Thu, 20 Dec 2018 13:44:01 GMT

Republican Party grows frustrated with head of SEC

A report published on Thursday revealed that the US Republican Party is disappointed in the work of the US Securities and Exchange Commission head Jay Clayton, who was appointed by Donald Trump.

Thu, 20 Dec 2018 12:51:11 GMT

Drones halt Gatwick airport flights

Airplane passengers are set to face another 24 hour delay at London's Gatwick airport due to disruptions caused by drones flying over the airport.

Thu, 20 Dec 2018 12:50:15 GMT

Futures move higher prior to US market opening

On Thursday, prior to the US stock markets opening stock futures increased. The main reason for the surge was a pullback after the sharp previous session's decline.

Thu, 20 Dec 2018 11:59:27 GMT

US to present figures over tariffs impact in mid-January

The US Commerce Department is set to present new calculations over the impact, which tariffs on foreign vehicles would have on the US market in the four-weeks period.

Thu, 20 Dec 2018 11:13:15 GMT

Sony Pictures, NBCUniversal, Sky, Warner Bros offer EU concessions

Sony Pictures, NBCUniversal, Sky, Warner Bros offered to close anti-competitive movie licensing agreements, aiming to end the antitrust investigation, regulators stated on Thursday.

Thu, 20 Dec 2018 11:09:15 GMT

Hyundai to open EV plant in Indonesia

Hyundai Motor is set to start producing EVs in Indonesia within an around $880M auto investment in the country, the Industry Deputy Minister stated.

Thu, 20 Dec 2018 11:07:12 GMT

Embraer to distribute $1.6-1.7B in extraordinary dividends

Brazil's planemaker Embraer SA announced plans to distribute $1.6B to $1.7B in extraordinary dividends, using proceeds from the recent deal with Boeing.

Thu, 20 Dec 2018 10:22:09 GMT

US imposes new sanctions against Russians

On Wednesday, the US Department of Treasury included 18 Russian citizens and four companies into sanctions list, saying they tried to affect American elections that happened two years ago.

Thu, 20 Dec 2018 10:14:16 GMT

Volvo prepares for no-deal Brexit

According to sources familiar with the matter, Swedish car maker Volvo is trying to find alternative supply chains in an attempt to minimize risks in case of Britain's withdrawal from the European Union without a deal

Thu, 20 Dec 2018 09:31:56 GMT

Japanese politicians keep optimism on economy

The Cabinet Office stated on Thursday that the Japanese government continued to keep optimistic outlook for the growth of country's economy in December despite risks posed by escalating trade tensions between the US and China.

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