International Companies
Ford to close Welsh engine plant
US car giant Ford Motor Co is to close its factory in South Wales, with the loss of around 1,700 jobs.
Fiat Chrysler puts brakes on €33bn Renault merger
Car maker Fiat Chrysler announced on Thursday that it was pulling its €33bn merger proposal with Renault after French government intervention in the deal.
Jaguar Land Rover and BMW announce collaboration on electric drive systems
Jaguar Land Rover and BMW Group confirmed on Wednesday that they are joining forces to develop next generation Electric Drive Units (EDUs) as part of a push in electrification technologies.
GameStop tumbles as it posts slump in Q1 sales, ditches dividend
GameStop shares tumbled on Wednesday after the US video games retailer said it was ditching its dividend following a slump in first-quarter sales.
Bank of America Merrill Lynch initiates coverage on Uber at 'buy'
Analysts at Bank of America Merrill Lynch initiated coverage on ridesharing giant Uber at 'buy' on Tuesday, stating it benefitted from "positive secular adoption trends".
Uber's 2013-2014 tax returns under investigation
Ride-hailing company Uber is under investigation from various state and foreign tax authorities including the Internal Revenue Service in the US over its tax returns for 2013 and 2014.
China steel sector merger could result in world's top producer
A merger between Chinese steelmakers Baowu and Magangset will create the world's top producer, with combined annual output exceeding that of the entire US, overtaking ArcelorMittal.
Bang & Olufsen tanks as it downgrades full-year revenue guidance
Bang & Olufsen shares tanked on Tuesday after the Danish high-end consumer electronics company downgraded its expectations for full-year revenue following disappointing television sales in Europe.
Gazprom shares hit decade high on speculation of management changes
The market capitalisation of Russia's state-owned Gazprom reached its highest level since just after the start of the Great Financial Crisis at the start of the week, amid speculation that more management changes might be in the pipeline, Bloomberg reported.
FAA reveals new flaws in Boeing 737 Max models
The US Federal Aviation Administration revealed on Sunday that it had diagnosed new problems with Boeing's 737 Max jets and older models, claiming there were manufacturing-related issues.
Infineon acquires Cypress Semiconductors in €9.0bn deal
German semiconductor manufacturer Infineon agreed to acquire US firm Cypress Semiconductors in a deal worth €9bn, including debt.
Amazon to open 10 pop-up stores in UK cities
Amazon is set to open 10 pop-up stores called Clicks and Mortar in different UK cities and will give 100 small online businesses an opportunity to sell on the high street for the first time.