Company News

With Spain gripped by Catalonia crisis, VW`s Seat delays naming new model

With Spain gripped by Catalonia crisis, VW`s Seat delays naming new model

Published 17/10/2017

With the Spanish media focused on the political crisis over Catalonia, Volkswagen's (VOWG_p.DE) Spanish division Seat has decided to delay announcing the name of its forthcoming model. [more…]

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Published 17/10/2017

State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. [more…]

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Published 17/10/2017

Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co. [more…]

Midnight in Toulouse: How CSeries deal shook status quo

Midnight in Toulouse: How CSeries deal shook status quo

Published 17/10/2017

Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. [more…]

Commentators unravel `totally weird` NFL for Chinese fans

Commentators unravel `totally weird` NFL for Chinese fans

Published 17/10/2017

As the Denver Broncos prepared to battle the New York Giants on Sunday Night Football, China's top NFL announcers were going through their own pre-game rituals. [more…]

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Published 17/10/2017

When cheating becomes habitual, the consequences could be costly. [more…]

French government welcomes Airbus` deal on Bombardier CSeries stake

French government welcomes Airbus` deal on Bombardier CSeries stake

Published 17/10/2017

The French government, which owns an 11 percent stake in Airbus, welcomes the airplane maker's deal for a majority stake in Bombardier's CSeries jet program, Finance Minister Bruno Le Maire said on Tuesday. [more…]

HNA Group to invest $7.6 billion in tourism, digital transformation

HNA Group to invest $7.6 billion in tourism, digital transformation

Published 17/10/2017

China's HNA Group Co Ltd [HNAIRC.UL] plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday. [more…]

Airbus shares rally after company`s Bombardier CSeries deal

Airbus shares rally after company`s Bombardier CSeries deal

Published 17/10/2017

Airbus shares rose on Tuesday after the European planemaker and aerospace group agreed to buy a majority stake in Bombardier's CSeries jetliner program. [more…]

Chi-Med, AstraZeneca lung cancer drug shrinks resistant tumors

Chi-Med, AstraZeneca lung cancer drug shrinks resistant tumors

Published 17/10/2017

An experimental cancer drug discovered by Hutchison China MediTech has demonstrated promising activity in shrinking tumors in lung cancer patients whose disease had worsened following treatment with approved medicines. [more…]