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Renault board proposes renewal of CEO Ghosn, names Bollore COO

February 15, 2018 by  
Filed under News

PARIS (Reuters) – French carmaker Renault’s board on Thursday proposed the renewal of CEO’s Carlos Ghosn’s position and appointed Thierry Bollore as chief operating officer.


Source: Reuters Business News

AbbVie to buy back $10 billion of shares, raises dividend

February 15, 2018 by  
Filed under News

(Reuters) – AbbVie Inc said on Thursday its board had approved a $10 billion stock repurchase program, and the drugmaker also increased its quarterly dividend, as it reaped the benefits of U.S. tax law changes.


Source: Reuters Business News

Tech, industrials bolster Wall Street's recovery

February 15, 2018 by  
Filed under News

(Reuters) – U.S. stocks were on course for their fifth straight day of gains on Thursday, led by technology and industrial stocks and as investors shrugged off concerns over rising inflation.


Source: Reuters Business News

U.S. market gurus who predicted selloff say current calm an illusion

February 15, 2018 by  
Filed under News

Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they’re looking at the risks that still lie ahead in the current relative calm.


Source: Reuters Business News

Bitcoin gets back above $10,000 on Bitstamp, a more than two-week high

February 15, 2018 by  
Filed under News

NEW YORK (Reuters) – Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December.


Source: Reuters Business News

Wall St. climbs after inflation data; volatility eases

February 14, 2018 by  
Filed under News

(Reuters) – U.S. stocks rose on Wednesday as investors digested a stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of stagflation.


Source: Reuters Business News

Airbus names Safran executive as head of helicopter unit

February 14, 2018 by  
Filed under News

BERLIN (Reuters) – Airbus Group said on Wednesday it has appointed Bruno Even as head of its helicopter division, effective from April 1.


Source: Reuters Business News

U.S. inflation firms broadly in January, puts spotlight on Fed

February 14, 2018 by  
Filed under News

WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate increases this year.


Source: Reuters Business News

GE's chief communications officer Deirdre Latour to leave company

February 14, 2018 by  
Filed under News

(Reuters) – General Electric Co said on Wednesday that its chief communications officer and senior adviser, Deirdre Latour, would be leaving the company in mid-March to pursue other opportunities.


Source: Reuters Business News

U.S. regulator warns about Pratt engine shutdown risk on Airbus jets

February 14, 2018 by  
Filed under News

NEW YORK (Reuters) – New engines made by Pratt & Whitney for the latest Airbus single-aisle jetliner, the A320neo, pose a potential shutdown risk, the U.S. aviation regulator said on Wednesday.


Source: Reuters Business News

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