Elliott releases private letters after Arconic CEO's departure Elliott releases private letters after Arconic CEO's departure :- Activist hedge fund Elliott Management released the private letter written by Arconic Inc's (ARNC.N) former chief executive, Klaus Kleinfeld, which consequently led to his resignation, and their response to the letter and Arconic's […]
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Magnitude 6.1 quake hits northern Chile Magnitude 6.1 quake hits northern Chile:- A 6.1-magnitude earthquake struck northern Chile, 144 km (90 miles) southeast of Calama, at a depth of 188 km, the United States Geological Survey (USGS) said on Saturday. The earthquake had a preliminary magnitude of 6.2 and struck […]
Ford to launch plug-in car in China next year, electrify most by 2025 Ford to launch plug-in car in China next year, electrify most by 2025:- Ford Motor Co (F.N) said it would launch a plug-in hybrid car in China in 2018 and a fully electric sport-utility vehicle in the […]
Asia demand, hedging boosts trading in forward U.S. oil contracts Asia demand, hedging boosts trading in forward U.S. oil contracts:- Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buyers out of Asia and shale companies locking in output, both of whom have shown an […]
Turkish warplanes strike Kurdish militants, eight killed Turkish warplanes strike Kurdish militants, eight killed:- Turkish F-16 warplanes launched air strikes on Kurdish militants in southeast Turkey on Wednesday, killing eight of the Kurdistan Workers Party (PKK) fighters, a provincial governor's office said. PKK militants had opened fire on Turkish soldiers at […]
GM remains most valuable U.S. car company, Tesla is No. 2 GM remains most valuable U.S. car company, Tesla is No. 2:- Tesla Inc (TSLA.O), whose market capitalization passed that of Ford Motor Co (F.N) on Monday, still trailed General Motors Co (GM.N) as the most valuable U.S. auto firm […]
FTSE Russell to announce in July decision on adding Snap shares FTSE Russell to announce in July decision on adding Snap shares:- Index fund provider FTSE Russell expects to announce in July whether it will include in its indexes shares of Snap Inc and other companies whose share structure denies […]
Top-20 Akzo Nobel investor backs talks with PPG over revised bid Top-20 Akzo Nobel investor backs talks with PPG over revised bid:- A top-20 investor in Akzo Nobel (AKZO.AS) said on Monday he wanted the firm to engage with U.S. rival PPG Industries (PPG.N) over a revised bid raising pressure […]
Tesla delivers quarterly record of 25,000 vehicles in first quarter Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said […]
BlackBerry profit beats expectations on software push BlackBerry profit beats expectations on software push:- BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer's shift to the higher-margin software business paid off. The Canadian firm also said on Friday it expects to be profitable on an adjusted […]
