There is no truth to the report, a source close to the company said, while Nokia declined to comment. (bloom.bg/3a1uMAW)
PENANG, Malaysia (Reuters) – When news of the coronavirus outbreak spread around the world in…
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.
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.
Shares were up 8% at $179.16 in mid-afternoon.
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
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
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.
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.
“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.
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.
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.