Luxury industry under scrutiny as EU targets Gucci and others
(Reuters) – Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a…
Philip Morris trims annual profit forecast on elevated costs
(Reuters) -Marlboro maker Philip Morris International Inc (NYSE:PM) cut its full-year profit forecast on Thursday, hit by rising tobacco leaf…
Nokia profit misses forecast, expects stronger second half
(Reuters) -Nokia on Thursday reported operating profit below market expectations for the first quarter and the Finnish company said it…
Truck maker Volvo hikes market outlook as Europe supply woes fade
(Reuters) – Sweden’s AB Volvo lifted its outlook for key heavy-duty truck markets in Europe and North America this year…
BMW skids into ice cream melee at Shanghai auto show
(Reuters) – Chinese internet users berated German automaker BMW on Thursday, accusing it of discrimination at the Shanghai auto show…
Woodford investors offered up to $292 million over fund failure
(Reuters) – Investors in the failed equity income fund run by fallen star stock picker Neil Woodford have been offered…
France’s Renault plans no big price cuts despite Tesla challenge
(Reuters) -Renault does not plan to drastically cut prices on its electric vehicles, including the recently launched Megane E-Tech, and…
Deutsche Bank plans to cut jobs, shrink board – source
(Reuters) – Deutsche Bank (ETR:DBKGn) plans to reduce its executive board to nine members from 10 and to cut some jobs in…
Volkswagen: US-made ID.4 models eligible for full tax credit
(Reuters) – Volkswagen (ETR:VOWG_p)’s U.S.-assembled ID.4 models will be eligible for a $7,500 tax credit this year, according to the…
South Korea announces $15 billion investment in advanced battery technologies
(Reuters) – The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion)…