Abbott Laboratories fell just short of Wall Street estimates for quarterly revenue on Wednesday, as weakness in the medical device maker’s cardiovascular business overshadowed strong performance in its fast-growing diabetes care unit.
The En+ Group can invest over $700 mln into environmental projects during the next five years, Chairman of the Board of Directors Lord Gregory Barker said in an interview with TASS.
General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM’s most profitable factories in a test of wills over the future of U.S. auto industry jobs.
- UAW, GM leaders have a deal, now workers will decide (Reuters: Oct 16, 2019 at 5:50 PM)
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
- Weak U.S. retail sales cast pall over slowing economy (Reuters: Oct 16, 2019 at 5:16 PM)
Fiat Chrysler Automobiles NV faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, the automaker confirmed Wednesday.
Investments of the En+ Group into environmental projects will not influence on the dividend policy of the Group, Chairman of the Board of Directors Lord Gregory Barker.
Volvo unveiled its first fully electric model on Wednesday as it aims to put 1 million electrified cars on the road by 2025.
The Board of Directors of Russian oil major Lukoil recommended that the Extraordinary General Shareholders’ Meeting resolve to pay dividends for the first nine months of 2019 in the amount of 192 rubles per ordinary share and resolve to reduce the charter capital of Lukoil through acquisition of a portion of issued shares in order to reduce the total number thereof, the company said in a press release on Wednesday.
Three Asian metropolises – Tokyo, Beijing and Singapore – are the world’s leading environmentally-friendly commuting cities, a report to be released by data insight company Kantar on Thursday says.
- Asian metropolises top list of world’s greenest commuter cities (Reuters: Oct 16, 2019 at 2:51 PM)
Centrica Plc has picked Goldman Sachs Group Inc. to advise on the potential sale of its controlling stake in exploration and production unit Spirit Energy, people familiar with the matter said.
The Board of Directors of Russian oil major Lukoil has approved the new principles of the company’s dividend policy, the company announced on Wednesday.