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Stronger together: Fiat Chrysler and Peugeot plan world's No.4 carmaker

October 31, 2019 by  
Filed under News

Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.


Source: Reuters Business News

Peugeot's turnaround driver, Tavares, faces his biggest challenge

October 31, 2019 by  
Filed under News

Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies.


Source: Reuters Business News

Trump bets on Fed cuts to help the dollar. Don't count on it

October 31, 2019 by  
Filed under News

U.S. President Donald Trump says further Federal Reserve rate cuts would lower the value of the dollar and help the country’s trade position.


Source: Reuters Business News

Proxy adviser ISS sues U.S. markets regulator over guidance aimed at curbing advice

October 31, 2019 by  
Filed under News

Proxy adviser Institutional Shareholder Services Inc on Thursday sued the U.S. Securities and Exchange Commission over guidance aiming to clarify how investors and firms that vote on their behalf should cast their ballots in corporate elections.


Source: Reuters Business News

Even after Lyft beat, Wall Street pummels former unicorns

October 31, 2019 by  
Filed under News

Wall Street pummeled shares of companies including Lyft , Uber Technologies , SmileDirectClub and Slack Technologies on Thursday as investors grew more sour on money-losing former startups that listed their shares this year in hyped-up IPOs.


Source: Reuters Business News

Instant View: Fed cuts rates, but signals pause in easing cycle

October 30, 2019 by  
Filed under News

The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.


Source: Reuters Business News

U.S. Fed cuts rates but signals pause in easing cycle

October 30, 2019 by  
Filed under News

The Federal Reserve on Wednesday cut interest rates for the third time this year, as expected, in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.


Source: Reuters Business News

Boeing CEO accused of telling 'half-truths' in 737 MAX hearing

October 30, 2019 by  
Filed under News

Boeing Co Chief Executive Dennis Muilenburg faced intense grilling by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages that described erratic behavior of the software in a simulator.


Source: Reuters Business News

Former Exxon CEO Tillerson denies misleading investors in climate case

October 30, 2019 by  
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Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson on Wednesday denied misleading investors about how the oil major measured potential costs of climate change, as he testified in a closely watched civil lawsuit brought by New York’s attorney general.


Source: Reuters Business News

FCA to pay 5.5 billion euro dividend, PSA to spin off Faurecia stake in proposed tie-up plan-sources

October 30, 2019 by  
Filed under News

Fiat Chrysler will pay its shareholders a 5.5 billion euro ($6.1 billion) special dividend under a proposed tie-up scheme with French rival Peugeot , two sources close to the matter said on Wednesday.


Source: Reuters Business News

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