‘Terrible’ WeWork bet caused us headaches: T. Rowe Price
Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a “debacle” that caused the firm “outsized headaches and disappointments” and...
VW to shut coal-fired power stations at main factory to cut CO2
Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down...
Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus
Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the...
Mitsubishi Motors delays factory restart in China on coronavirus
Mitsubishi Motors Corp is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the...
Nissan’s South Korean unit planning voluntary redundancies: source
Nissan Motor Co’s South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the...
India court stalls Amazon, Flipkart antitrust probes: lawyers
An Indian antitrust investigation of Amazon.com Inc and Walmart’s Flipkart has been put on hold by a court, three lawyers involved in the proceedings told...
Oil prices steady, on course for weekly gain
Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement...
European shares scale record even as coronavirus shows no signs of peaking
European shares touched record highs on Friday as investors digested whether China’s coronavirus outbreak would cause long-lasting damage to global economy....
Nissan shares tumble to ten-and-a-half year low after earnings rout; Renault also suffers
Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker’s earnings...
Boeing to extend labor contract with engineer’s union by four years
U.S. planemaker Boeing Co said it has agreed to a tentative deal with its engineers’ union to extend its labor contract by another four years....