American Airlines suspending flights to Milan after U.S. travel warning

American Airlines suspending flights to Milan after U.S. travel warning
FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March 4, 2019. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – American Airlines Inc (AAL.O) will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy... Read More

Venezuela revamps PDVSA leadership after Maduro launches restructuring

Venezuela revamps PDVSA leadership after Maduro launches restructuring
FILE PHOTO: State oil company PDVSA’s logo is seen at a gas station in Caracas, Venezuela, May 17, 2019. REUTERS/Ivan Alvarado/File Photo CARACAS (Reuters) – Venezuela has named new vice presidents for four units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil companies, PDVSA said on Saturday.... Read More

Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document

Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document
FILE PHOTO: A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. REUTERS/Athit Perawongmetha/File Photo BEIJING/TOKYO (Reuters) – Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed. The joint venture between Toyota... Read More

Harley-Davidson looks for new leadership to end its sales struggle

Harley-Davidson looks for new leadership to end its sales struggle
(Reuters) – Harley-Davidson Inc (HOG.N) on Friday named a board member hailed for turning around the Puma brand’s near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales. FILE PHOTO: A Harley-Davidson Inc. logo is seen at the Paris auto show in Paris, France, October 4, 2018. REUTERS/Benoit... Read More

Elliott built a stake in Twitter, is pushing for changes: sources

Elliott built a stake in Twitter, is pushing for changes: sources
NEW YORK (Reuters) – Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc (TWTR.N) and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live... Read More

Elliott built a stake in Twitter, is pushing for changes: source

Elliott built a stake in Twitter, is pushing for changes: source
FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Activist hedge fund Elliott Management has built a stake in Twitter inc (TWTR.N) and is pushing for changes, a person familiar with the matter said on Friday. Founded by... Read More

USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO

USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO
WASHINGTON (Reuters) – The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization. FILE PHOTO: U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to... Read More

Wall Street in coronavirus contingency mode with staff, visitors, regulators

Wall Street in coronavirus contingency mode with staff, visitors, regulators
WASHINGTON/NEW YORK (Reuters) – Big U.S. banks have been rolling out contingency plans to respond to the global coronavirus outbreak – requiring some staff to work from home, implementing travel restrictions, and talking to regulators about potential stresses. FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., March... Read More