(Reuters) – Ford Motor Co is cutting off customer orders for the Maverick, a hybrid affordable pickup that the automaker had rolled out in June last year, the Wall Street Journal reported https://www.wsj.com/articles/ford-shuts-off-orders-for-new-20-000-maverick-pickup-11643033093?mod=latest_headlines on Monday. Ford told its dealers in a memo that it is suspending customer orders for the Maverick pickup truck because it…
(Reuters) – Goldman Sachs Group Inc said it has appointed Luke Sarsfield as the global co-head of its $2.47 trillion asset-management business, according to a memo seen by Reuters on Monday. Sarsfield will take over the post alongside Julian Salisbury, who has been heading the unit alone ever since Eric Lane ended his association of…
By Arunima Kumar and Liz Hampton (Reuters) -Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices. U.S. oil prices rose more than 50% last year and have made…
(Reuters) -Activist investor Blackwells Capital on Monday called on the board of exercise equipment maker Peloton Interactive Inc to remove Chief Executive John Foley and start a sale process as the fortunes of the pandemic winner start to wane. Foley is “ill-suited to lead company and must be removed”, the investment firm founded by Jason…
TOKYO (Reuters) – Toyota Motor Corp will halt more production in Japan this month because COVID-19 infections among autoworkers had slowed supplies of parts, the company said on Monday. That disruption, which comes amid a shortage of semiconductors, will cut planned production this month by 65,000 vehicles, 18,000 more than it announced last week, a…
By Lindsay Dunsmuir (Reuters) – As the U.S. Federal Reserve pivots on monetary policy and flags it may raise interest rates as many as four times this year to tame inflation running at a 40-year high, the composition of the rate-setting committee changes for 2022, starting at this week’s meeting. Fed Board members always have…
By Tom Wilson and Medha Singh LONDON (Reuters) -Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was trading down 8.8% at $33,058, its lowest since July 23, taking losses from its all-time high…
By Jonathan Cable LONDON (Reuters) -The euro zone economic recovery weakened this month, despite an upturn in Germany where factories benefited from an easing in supply chain bottlenecks, as renewed restrictions put a dent in the bloc’s dominant services industry, a survey showed. With the Omicron coronavirus variant sweeping across Europe governments have been encouraging…
PARIS (AP) — Top-ranked player Novak Djokovic could be allowed to defend his French Open title under the latest COVID-19 rules adopted by the French government, even if he is still not vaccinated when the clay-court Grand Slam starts in May. Djokovic was deported from Australia and barred from playing in the Australian Open this…
BERLIN (Reuters) – Volkswagen’s carbon emissions from passenger vehicles in 2021 were around 2% under the European target limits at 118 grams per kilometre, according to preliminary figures, the carmaker said on Monday. A total of 472,300 electric vehicles were delivered in the EU, Norway and Iceland in 2021, 64% above the previous year, Volkswagen…
