Nokia explores strategic options: Bloomberg News
There is no truth to the report, a source close to the company said, while Nokia declined to comment. (bloom.bg/3a1uMAW)
Results Forecasts / Warnings
Masks in luggage: How a Malaysian tech firm reopened its China factory
PENANG, Malaysia (Reuters) – When news of the coronavirus outbreak spread around the world in…
Canadian pot producer Canopy may face challenges offloading assets, CEO says
The company, which reported a smaller-than-expected third-quarter loss on Friday, is conducting a “thorough strategic review” of its production facilities as it seeks to cut costs and become profitable, executives said.
Volkswagen offers 830 million euros to compensate German buyers
In 2015 VW was caught by regulators using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and lawsuits.
Deere’s shares hit all-time high on unexpected rise in quarterly profit
Shares were up 8% at $179.16 in mid-afternoon.
Salesforce co-CEO Keith Block steps down, Marc Benioff to be sole chief
FILE PHOTO: The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid
Coronavirus clouds Apple’s timeline for new iPhones
FILE PHOTO: People wearing protective masks wait for checking their temperature in an Apple Store, in Shanghai, China, as the country is hit by an outbreak of the novel coronavirus, February 21, 2020. REUTERS/Aly Song/File Photo
Watchdog faults Swiss bank Julius Baer for money laundering lapses
In a highly critical report, FINMA said there had been scores of failings at Switzerland’s third-largest listed bank, such as its acceptance of a 70 million Swiss franc ($71 million) transfer for a Venezuelan customer in 2014 despite knowing he was accused of corruption.
Daimler slims down Mercedes management in efficiency drive
As a result, Daimler’s Chief Financial Officer Harald Wilhelm will take over responsibility as finance chief at Mercedes-Benz AG from April 1 and Mercedes-Benz Chief Financial Officer Frank Lindenberg will leave, the company said.
BAE Systems CEO optimistic about future Typhoon orders
“Within the Middle East region there are a number of other customers in addition to Saudi who I think in future will be looking at additional Typhoons,” he said.
BAE Systems predicts 2020 growth despite Saudi ban
Full-year results announced on Thursday at the upper end of forecasts, helped to drive shares 3.5% higher at 664.6 pence by 0954 GMT.
Fresenius Medical says fourth-quarter operating profit up 3%
Fourth-quarter earnings before interest and tax, adjusted for special items, advanced to 655 million euros ($707 million), the group said in a statement, coming in below a median analyst estimate of 689 million euros, according to a company-provided poll.