April 25, 2019

SoftBank invests in Alphabet business for cellphone antennas in the sky

A SoftBank Corp subsidiary said on Wednesday it had invested $125 million in an Alphabet Inc company that is working to fly cellphone antennas high in […]
April 25, 2019

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities […]
April 25, 2019

Bayer’s profit gets boost from Monsanto but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the […]
April 25, 2019

Nokia reports surprise first quarter loss, sees pressure in second half

Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business. Powered by WPeMatico
April 25, 2019

PSA quarterly revenue declines as sales collapse in Iran and China

French carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker’s withdrawal […]
April 25, 2019

Swedbank first-quarter profit above forecast, says cooperating with U.S. authorities

Swedish bank Swedbank reported first-quarter profit above market expectations on Thursday but admitted to past anti money-laundering shortcomings and said it was cooperating with authorities, including […]
April 25, 2019

Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail

Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on […]
April 25, 2019

Asian shares slip; German, Korean data hurt risk appetite

Asian shares slipped on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled […]
April 25, 2019

Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle […]
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