June 23, 2019

Daimler trims profit expectations on diesel issues

Daimler has increased provisions for issues related to diesel vehicles, the company said on Sunday, dimming the prospects for the carmaker’s second-quarter earnings. Powered by WPeMatico
June 23, 2019

Germany’s Metro says $6.6 billion bid undervalues company

Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold […]
June 23, 2019

FedEx, in another error, misses delivery of Huawei package to U.S.

FedEx Corp said on Sunday an operational error prevented a Huawei Technologies package from being delivered to the United States, just weeks after the U.S. delivery […]
June 23, 2019

Illiquid assets held by Woodford’s UK fund pose hurdle to reopening

Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of […]
June 23, 2019

India’s space startups ignite investor interest

From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in […]
June 23, 2019

FedEx apologizes for not delivering Huawei phone to U.S., cites operational error: report

FedEx Corp said an “operational error” caused a Huawei Technologies Co Ltd phone to not be delivered to the United States and the package delivery company […]
June 23, 2019

Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate

The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator […]
June 22, 2019

Velodyne Lidar hires bankers for an IPO: Business Insider

Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process. Powered […]
June 22, 2019

Daimler to recall 60,000 Mercedes diesels in Germany over emissions

Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions tests, the Transportation Ministry […]
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