By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end…
Tesla to freeze hiring, lay off employees next quarter – Electrek
(Reuters) -Another wave of layoffs are coming at electric-car maker Tesla Inc in the next quarter, news website Electrek reported…
Fortum concludes sale of Uniper to German government
HELSINKI (Reuters) – Finland’s Fortum said on Wednesday it had concluded the sale of its stake in utility Uniper to…
Nike shares surge as inventory challenges start to abate, demand stays strong
(Reuters) -Nike Inc’s shares soared nearly 15% on Wednesday as investors shrugged off margin pressure at the sportswear giant and…
U.S. current account deficit shrinks in third quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the third quarter as exports jumped to a record…
U.S. new vehicle sales to fall in December as high prices deter buyers – report
(Reuters) – U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising…
Off-budget spending stirs doubts about Poland’s finances
By Anna Koper, Pawel Florkiewicz and Gergely Szakacs WARSAW (Reuters) – As Poland heads for an election year grappling with…
Elon Musk, ‘Chief Twit’
By Kenneth Li -How easy was it to forget the rocket-launching, swashbuckling billionaire inspiration for the superhero “Iron Man” movies…
Aircraft lessor SMBC completes $6.7 billion purchase of rival Goshawk
DUBLIN (Reuters) – SMBC Aviation Capital has completed its purchase of smaller rival Goshawk Aviation in a deal that creates…
Video gamers sue Microsoft in U.S. court to stop Activision takeover
By Mike Scarcella (Reuters) -Microsoft Corp was hit on Tuesday in U.S. court with a private consumer lawsuit claiming the…