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Internal dossier criticises Audi top management: Bild

June 24, 2017 by  
Filed under News

FRANKFURT (Reuters) – German luxury carmaker Audi’s management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier.


Source: Reuters Business News

Italian government decree for Veneto banks delayed to Sunday: source

June 24, 2017 by  
Filed under News

MILAN (Reuters) – An Italian government decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, is set to be delayed to Sunday, a government source said.


Source: Reuters Business News

CEO of Raytheon's Forcepoint eyes IPO: Boersen-Zeitung

June 24, 2017 by  
Filed under News

FRANKFURT (Reuters) – U.S. missile maker Raytheon’s cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.


Source: Reuters Business News

India's Infosys says reassessing long-term goals due to tougher market

June 24, 2017 by  
Filed under News

Bengaluru (Reuters) – Infosys Ltd, India’s second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear “daunting”, the company’s chairman said on Saturday.


Source: Reuters Business News

Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

June 24, 2017 by  
Filed under News

(Reuters) – If Amazon.com Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.


Source: Reuters Business News

Oil's drop could leave a stain on earnings

June 23, 2017 by  
Filed under News

NEW YORK (Reuters) – Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.


Source: Reuters Business News

Exclusive: Investment funds offered to invest in Italy's Veneto banks three weeks ago – sources

June 23, 2017 by  
Filed under News

LONDON (Reuters) – A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome.


Source: Reuters Business News

Honda engineer debunks own claim about cause of Takata air bag failures

June 23, 2017 by  
Filed under News

DETROIT (Reuters) – Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about “the root cause” of Takata Corp air bag failures, but the engineer later said he was mistaken.


Source: Reuters Business News

GM says settles many lawsuits over ignition switches

June 23, 2017 by  
Filed under News

NEW YORK (Reuters) – General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday.


Source: Reuters Business News

Russia's fighter jet makers 'not afraid' of U.S. competition in India

June 23, 2017 by  
Filed under News

PARIS (Reuters) – Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there.


Source: Reuters Business News

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