U.K. Economy Wins Brexit Round One Before Real Test Begins
Follow @Brexit for the latest news, and sign up to our Brexit Bulletin for a daily roundup.The U.K. economy is holding its head up for now.The 0.5 percent growth rate in the three months since the vote to exit the European Union may be a slowdown from the previous three months, but it’s faster than forecast and far from the dire warnings of recession some had predicted. Emboldening those who backed Brexit, the statistics office declared “little evidence of a pronounced effect” from the June 23 ..>> view originalIT'S OFFICIAL: Qualcomm is buying NXP Semiconductors for $47 billion in cash
Qualcomm CEO Steve Mollenkopf hits his tee shot on the 17th hole during the first round of the Pebble Beach National Pro-Am golf tournament in Pebble Beach, California, February 12, 2015.Reuters/Michael FialaQualcomm has agreed to buy NXP Semiconductors for $47 billion in an all-cash deal. The deal is the largest in the history of the semiconductor industry. According to a statement Thursday, Qualcomm has agreed to pay $110 per share for NXP, an 11% premium over the latter's closing price on We..>> view originalHere's the big problem some analysts have with Tesla's results
The early verdict on Tesla Motors Inc. earnings was still out on Thursday, but for some analysts, the so-called best moment in the electric car’s history leaves something to be desired. Tesla TSLA, -0.05% ..>> view originalNissan Commits to Build New Models in Britain, Securing 7000 Jobs
Nissan Motor Co., the biggest auto producer in the U.K., deepened its commitment to its Sunderland plant in northern England, defusing a spat with the British government over potential compensation connected to Brexit.The Japanese automaker will manufacture the next generation of Qashqai and X-Trail sport utility vehicles at the factory, which already makes 2,000 cars daily, the company said in a statement on Thursday.Twitter: Nissan Europe on Twitter Carlos Ghosn Photographer: Tomohiro Ohsumi..>> view originalDeutsche Bank warns of tough times ahead due to US fine
FRANKFURT Deutsche Bank (DBKGn.DE) chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that it faces tough times finalizing talks with U.S. justice authorities over a multi billion dollar fine.Germany's biggest lender earlier posted an unexpected quarterly profit, benefiting from a modest rebound in bond trading, but failed to dispel the cloud of uncertainty that drove clients to withdraw billions of euros.Cryan said on a conference call that the quarter had been ov..>> view originalBelgians reach deal on EU-Canada free trade agreement
BRUSSELS Belgian politicians reached a deal on Thursday to break a deadlock over a planned EU-Canada free trade agreement that all 27 other EU governments support but the French-speaking south of Belgium had rejected.Belgian Prime Minister Charles Michel told reporters that the heads of Belgium's regions and linguistic communities had produced a common text to allay concerns about agricultural imports and a contentious dispute settlement system. Any deal agreed in Belgium will still have to b..>> view originalTwitter lays off 9% of its workforce as it posts a desperately-needed positive Q3
With Twitter’s acquisition hopes essentially dead, the company now seems it’s on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business. Today, it got a much-needed good Q3 performance by largely beating Wall Street’s expectations across the board. The company also confirmed that it would lay off roughly 9 percent of its staff as it looks to restructure itself into a company that can continue to run on its own and keep Wall Street happy. Those la..>> view originalFord 3Q earnings tumble from year ago to $1B
Ford Motor Co.’s third-quarter earnings fell nearly 55 percent to $1 billion, as the automaker said Thursday the reduction was driven by recall costs, reduced dealer stock and production changes in North America.(Photo: Chris O'Meara / Associated Press)Ford Motor Co.’s third-quarter earnings fell nearly 55 percent to $1 billion , as the automaker said Thursday the reduction was driven by recall costs, reduced dealer inventory and changes in the mix of the F-150 in North America.The Dearborn auto..>> view originalBarclays Posts 35% Jump in Profit on Bond-Trading Revenue
Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years.Pretax profit climbed to 837 million pounds ($1.02 billion) from 619 million pounds a year earlier, the London-based lender said in a statement Thursday. Excluding one-time items, profit was 1.7 billion pounds, beating the 1.53 billion-pound average estimate of five analysts surveyed by Bloomberg News.Twitter: Bloomberg on TwitterThe results may help Ch..>> view originalVW's Crisis Recovery Hits Speedbump as Audi Takes Profit Hit
Volkswagen AG suffered a setback in its year-long recovery from the diesel scandal after Audi, its biggest profit contributor, cut its outlook amid rising costs related to the emissions cheating.QuickTake Cleaner CarsVolkswagen lifted the provisions it set aside to cover fines, legal costs and repairs resulting from the scandal by about 400 million euros to 18.2 billion euros ($19.8 billion). The higher costs can be traced to Audi. The luxury-car unit took an additional charge of 620 million eu..>> view original
Wednesday, November 9, 2016
U.K. Economy Wins Brexit Round One Before Real Test Begins and other top stories.
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