Column-The peculiar ‘no show’ from US cash funds: Mike Dolan
By Mike Dolan LONDON (Reuters) – A flood of money was expected to cascade from U.S. cash funds to riskier assets as interest rates began to tumble. But so far,…
Volkswagen third-quarter profit slumps as major overhaul looms
By Andrey Sychev (Reuters) -Volkswagen said on Wednesday its third-quarter operating profit plunged 42% as weak performance in the core passenger car unit and high costs, including for model revamps,…
UBS posts robust third-quarter profit, almost double forecasts
By Dave Graham ZURICH (Reuters) -UBS Group posted third-quarter profit that was almost double expectations, reducing costs and boosting revenues and said it had completed the first wave of client…
Gazprom subsidiary files $880 million claim against Linde
(Reuters) – A subsidiary of Russia’s gas major Gazprom (MCX:GAZP) has filed a claim for 85.7 billion roubles ($879 million) against global industrial gases and engineering company Linde (NYSE:LIN) and…
VW faces strikes over ‘Pandora’s box’ of plant closures as profits plunge
By Christina Amann and Andrey Sychev WOLFSBURG, Germany (Reuters) -Workers at Volkswagen (ETR:VOWG_p) threatened strikes on Wednesday unless management backed down from planned factory closures in Germany, spelling more trouble…
Chipotle third-quarter comparable sales miss estimates, sending shares lower
Investing.com — Shares in Chipotle Mexican Grill (NYSE:CMG) fell by nearly 6% in premarket US trading after the burrito chain reported revenue and comparable sales that missed Wall Street estimates. Revenue of…
Stellantis to recall over 33,000 Ram trucks, NHTSA says
(Reuters) – Chrysler parent Stellantis (NYSE:STLA) will recall about 33,777 Ram 1500 pickup trucks in the U.S., over a concern related to the electronic stability control system, the National Highway…
Continuation of ‘Trump trades’ requires him actually winning the election: Citi
Investing.com — The continuation of the so-called “Trump trades” depends on Donald Trump winning the upcoming election, according to Citi strategists. Markets have recently priced in more election risk, Citi…
Chinese automaker Geely steps up challenge to BYD with new hybrid tech
BEIJING (Reuters) – China’s Geely Automobile Holdings (OTC:GELYF) took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology…
First Solar shares slide after Q3 results miss, guidance cut
First Solar Inc (NASDAQ:FSLR) reported third-quarter earnings that missed analyst expectations, with revenue coming in significantly below estimates and the company lowering its full-year guidance. Shares of the solar panel…