Business
Business
Nokia Gets New Telecom Contract From Deutsche Telekom, Replacing Huawei
Business
Grifols Shares Tumble as Brookfield Plans to Drop Takeover Plan
Business
Galp Drops Plans to Build Aurora Lithium Refinery in Portugal
Business
Samsung Electronics Changes Chip Chiefs After Chairman Lee Confronts ‘crisis’
Thyssenkrupp Lacks Detailed Plan for 11,000 Steel Unit Job Cuts, Handelsblatt Reports
Date: November 27, 2024
BERLIN (Reuters) – German industrial conglomerate Thyssenkrupp has not drawn up a detailed proposal on how it aims to cut some 40% of jobs in its steel division, the Handelsblatt newspaper reported, raising questions on the viability of its restructuring plans. Under the plans announced this week, Thyssenkrupp Steel Europe (TKSE), which has a workforce...
Polish Utility Pge Posts Lower Q3 Net Profit Dragged by Coal Segment
Date: November 27, 2024
GDANSK (Reuters) – Poland’s biggest utility PGE reported a near 24% year-on-year fall in its third-quarter net profit on Tuesday, amid continued weakness in its coal-based conventional power generation segment. WHY IT’S IMPORTANT PGE, along with other Polish utilities, is under pressure from falling profitability in its coal-fired power generation segment, having to cope with...
Hyundai Motor to Buy Back $716 Million Worth of Shares
Date: November 27, 2024
SEOUL (Reuters) – Hyundai Motor will buy back 1 trillion won ($715.79 million) worth of shares starting on Thursday over three months, the company said in a regulatory filing on Wednesday. ($1 = 1,397.0500 won) (Reporting by Jack Kim; Editing by Muralikumar Anantharaman)...
Hp Forecasts Q1 Profit Below Estimates on Sluggish Demand in Pc Market
Date: November 27, 2024
By Priyanka G (Reuters) -HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company’s shares down 8% in extended trading. Traditional PC makers have been grappling with soft demand following a boom during the pandemic. AI-powered PCs are also yet to...
Stellantis to Shut Vauxhall Van Plant in Britain
Date: November 27, 2024
LONDON (Reuters) – Stellantis plans to shut its Vauxhall van factory in southern England, putting more than 1,000 jobs at risk as it joins rival automakers in scaling back operations in a difficult trading environment. The company, which also owns the Peugeot, Citroën, Chrysler and Fiat brands, said on Tuesday it would consolidate its British...
ArcelorMittal Wins UK Bid to Put Liberty Steel Subsidiary Into Administration Over Unpaid Debt
Date: November 27, 2024
LONDON (Reuters) – ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration due to a 140 million euro ($147.4 million) debt which a London court found was unlikely to be paid. ArcelorMittal, the world’s second-largest steelmaker, sued Liberty Steel East Europe (Holdco) Ltd...