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  • Ryanair's Spanish cabin crew unions call off Tuesday strike

    January 8, 2019 10:59 AM 81

    DUBLIN (Reuters) - Unions representing Ryanair (RYA.I) cabin crew in Spain called off plans to strike on Tuesday to allow time for further talks, the SITCPLA and USO unions said in a statement. The unions, which are due to meet representatives of Ryanair on Tuesday morning, have not canceled plans for one-day strikes on Thursday and Sunday, the SITCPLA

  • BMW says sold 2.49 million BMW, Mini and Rolls-Royce vehicles in 2018

    January 8, 2019 9:46 AM 76

    FRANKFURT (Reuters) - German carmaker BMW (BMWG.DE) on Tuesday said it achieved record sales of 2.49 million BMW, Mini and Rolls-Royce vehicles last year. “BMW Group achieved record sales in 2018. 2.49 million vehicles mean the BMW Group is the world’s leading premium automotive company for the 15th year running,” Chief Executive Harald Krueger said. Daimler

  • Group close to India's ruling party seeks change in patent act after pro-Monsanto court verdict

    January 8, 2019 7:18 AM 76

    MUMBAI (Reuters) - A nationalist group close to Indian Prime Minister Narendra Modi’s party said on Tuesday it would seek a legislative amendment to the rules governing patents, after the country’s top court ruled in favor of Monsanto’s cotton seed patent. The Supreme Court allowed Monsanto to claim patents on its genetically modified cotton seeds in the world’s

  • Ghosn's lawyer: Nissan agreed on transfer of currency contracts

    January 8, 2019 6:57 AM 69

    TOKYO (Reuters) - Nissan Motor Co had agreed with former chairman Carlos Ghosn to take on his personal foreign exchange contracts, his lawyer said, disputing allegations of financial misconduct. Ghosn has been arrested on allegations including aggravated breach of trust in shifting personal investment losses worth 1.85 billion yen ($17 million) to the carmaker

  • South Korea's Celltrion aims to set up China JV within first half of 2019: chairman

    January 6, 2019 4:04 AM 81

    SEOUL (Reuters) - South Korean drugmaker Celltrion Inc (068270.KS) aims to set up a joint venture in China within the first half of this year, and begin selling products in the country next year, its chairman said on Sunday. “Since last year, we’ve been pushing on with a plan to set up a joint venture in China,” Chairman Seo Jung Jin told reporters

  • Japanese prosecutors want Ghosn to sign confession, says son: paper

    January 5, 2019 11:17 PM 68

    PARIS (Reuters) - Japanese prosecutors want Carlos Ghosn, the detained auto executive who oversaw an alliance that sold 10 million vehicles a year, to confess to financial misconduct, his son told France’s weekly Journal du Dimanche (JDD). Ghosn has been held in a Tokyo detention center since his Nov. 19 arrest on allegations of under-reporting his income

  • UK pay gap between CEOs and staff widens -lobby group

    January 4, 2019 9:36 AM 75

    LONDON (Reuters) - The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. The widening pay gap comes despite pressure from leading investors for excessive pay to be reined

  • Reuss, 35-year GM veteran, to succeed Ammann as president

    January 3, 2019 7:49 PM 69

    (Reuters) - General Motors Co (GM.N) said on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker’s ongoing shift to electric and self-driving vehicles in North America and China. Reuss remains focused on rebuilding the Cadillac brand and streamlining GM’s product development operations, while

  • Teva, Amgen end dispute over generic Cinacalcet HCl tablets

    January 3, 2019 2:33 AM 71

    (Reuters) - Teva Pharmaceutical Industries Ltd (TEVA.TA) said on Thursday it will pay an undisclosed amount to settle an ongoing dispute with Amgen Inc (AMGN.O) over its generic Cinacalcet HCl product. The Israel-based drugmaker has also agreed to stop selling the generic product until its license date in mid-year 2021, or earlier under certain circumstances

  • Nordstrom heir Blake Nordstrom dies at 58

    January 3, 2019 2:01 AM 72

    (Reuters) - Nordstrom Inc (JWN.N) said its co-president, Blake Nordstrom, passed away early Wednesday morning at the age of 58. Blake Nordstrom passed away unexpectedly, the department store chain said, less than a month after being diagnosed with lymphoma. He had been co-president of the department chain along with his brothers Pete and Erik since May 2015. Blake