October 1, 2018

U.S. factory activity slows; construction spending edges up

U.S. manufacturing activity slowed in September as growth in new orders moderated sharply, but factories hired more workers, pointing to sustained strength in the sector. Powered […]
October 1, 2018

Tesla’s SEC deal provides ammunition for U.S. probe, investor lawsuits

Tesla Inc’s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition […]
October 1, 2018

Tesla shares jump on Model 3 numbers, Musk settlement

Shares of Tesla Inc jumped 18 percent on Monday as signs it had met targets for quarterly production numbers added to relief at Chief Executive Elon […]
October 1, 2018

General Electric replaces CEO and shares soar

General Electric Co replaced Chief Executive Officer John Flannery on Monday and said it would take a roughly $23 billion charge to write off goodwill in […]
October 1, 2018

Thyssenkrupp to quickly exit industrials spin-off after split

Thyssenkrupp is to quickly sell a minority stake it will own in the capital goods business due to be spun off, the conglomerate’s chief executive told […]
October 1, 2018

Factbox: Thyssenkrupp breaks into two

Thyssenkrupp last week unveiled plans to spin off its capital goods business into a separately-listed entity, effectively splitting the conglomerate in two. Powered by WPeMatico
October 1, 2018

Husky sees MEG as potential ‘hand-in-glove’ Canada oil sands merger

Husky Energy Inc’s hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage […]
October 1, 2018

GE’s Flannery steps down as CEO, shares jump 15 percent

General Electric Co Chief Executive Officer John Flannery abruptly stepped down on Monday just over a year after taking the role, and the company announced a […]
October 1, 2018

Trump hails ‘historic’ Canada, Mexico trade pact

Donald Trump on Monday praised Canada’s entry into a reworked NAFTA pact with the United States and Mexico after the two countries forged a last-minute agreement […]
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