Honda raises profit forecast, sticks to Wuhan plant schedule
Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday as a weaker yen increased the value of its overseas sales.
Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday as a weaker yen increased the value of its overseas sales.
U.S. interest in buying a stake in Ericsson would be positive for the company, but any deal would have to be at a far higher price level than today's valuation, major Ericsson owner and activist investor Cevian Capital said on Friday.
Hargreaves Lansdown co-founder and biggest shareholder Peter Hargreaves has sold 34.4 million shares in the investment platform, at more than a 6% discount to the stock's last close, a bookrunner said on Friday.
Toyota Motor Corp on Friday said production at all of its China plants would remain suspended through Feb. 16, joining a growing number of automakers facing stoppages due to supply chain issues as the coronavirus spreads.
The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift their supply chains out of the country, according to a poll by Shanghai's American Chamber of Commerce.
Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday.
Amazon.com Inc sellers are bracing for product shortages as Chinese workers - worried about the fast-spreading coronavirus - may be unable or unwilling to return to idled factories.
Japanese telecom SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
Automakers and parts suppliers have shut factories in China, in line with government guidelines, or have flagged a hit to profits following the coronavirus outbreak.
BP's head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.
Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle with Chairman Urs Rohner at Switzerland's second-biggest bank over a damaging spying scandal.
Nagging coronavirus worries took a swipe at world markets on Friday, though that wasn’t going to stand in the way of the best week for stocks since June and the strongest for the dollar since August.
Shares in Ericsson and Nokia rose sharply on Friday, a day after a U.S. official suggested the United States should consider buying stakes in the telecom equipment makers to counter China-based Huawei's dominance in 5G wireless technology.
ArcelorMittal and commissioners of the Ilva steelworks in southern Italy have agreed to extend talks to the end of the month after making progress towards a possible deal to buy the plant, a lawyer for the company said on Friday.
U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the "1%" since he became president.