Business

Ford and Geely strike deal for EV production at Spanish plant, ABC reports

Wednesday, July 22 by SRN News

LISBON/MADRID, July 22 (Reuters) - Ford Motor and China's Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on... Read More.

Otis cuts annual profit forecast on rising costs; higher pricing offsets Mideast hit

Wednesday, July 22 by SRN News

(Corrects typographical error in graphic) By Apratim Sarkar July 22 (Reuters) - Elevator maker Otis Worldwide on Wednesday cut its annual adjusted profit forecast on the back of increased costs, especially tied to labor, and said it had "broadly offset" the impact of the Middle... Read More.

Porsche plans another 5,000 job cuts, German media reports

Wednesday, July 22 by SRN News

By Rachel More BERLIN, July 22 (Reuters) - Porsche could double the scope of its redundancy programme with plans to cut another 5,000 jobs, German media reported on Wednesday, as the German carmaker's supervisory board met to discuss restructuring measures. The figure was reported by Manager... Read More.

Alaska Air says its underlying business strengthened despite fuel-hit quarter

Wednesday, July 22 by SRN News

By Rajesh Kumar Singh and Nandan Mandayam CHICAGO, July 22 (Reuters) - Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70% higher than a year earlier, CEO Ben Minicucci said on the carrier's quarterly earnings... Read More.

Daimler Truck raises profit forecast on tariffs and North America sales

Wednesday, July 22 by SRN News

July 22 (Reuters) - Daimler Truck, one of the world's biggest truckmakers, raised its full-year adjusted operating profit forecast on Wednesday, citing an updated tariff framework and higher expected sales at its Trucks North America business. The company now expects 2026 adjusted earnings before... Read More.

The Media Line: US, Jordan Sign Reciprocal Trade Agreement, Cap Tariffs at 10%

Wednesday, July 22 by SRN News

US, Jordan Sign Reciprocal Trade Agreement, Cap Tariffs at 10% By The Media Line Staff Jordan and the United States signed a reciprocal trade agreement in Washington on Tuesday, seeking to deepen commercial ties as both governments promote trade... Read More.

US coffee drinkers could pay more if Trump punishes Nicaragua’s election ban

Wednesday, July 22 by SRN News

By Marcelo Teixeira NEW YORK, July 22 (Reuters) - U.S. coffee drinkers, already paying the highest prices in a decade, could eventually feel the effects of any reaction by Washington to Nicaraguan President Daniel Ortega's move to ban elections in that Central American country, traders... Read More.

The Media Line: Pakistan Pursues Honeywell Refinery Deal To Bolster Energy Security

Wednesday, July 22 by SRN News

Pakistan Pursues Honeywell Refinery Deal To Bolster Energy Security By Arshad Mehmood / The Media Line Pakistan Finance Minister Muhammad Aurangzeb met Honeywell Technologies executives in Washington on Monday to discuss the company's proposal to modernize and expand Pakistan's... Read More.

Cinerama Dome, an iconic Hollywood theater shuttered by COVID pandemic, will reopen

Wednesday, July 22 by SRN News

LOS ANGELES (AP) - The Cinerama Dome, a landmark Hollywood theater shuttered during the COVID-19 pandemic, will be restored and reopen. Alamo Drafthouse Cinema will operate the massive 86-foot-wide curved dome theater and an adjacent 14-theater complex. Alamo's owner, Sony Pictures Entertainment, announced the plan... Read More.

Penske, Mitsui make $3.8 billion offer to take auto retailer Penske Automotive private

Wednesday, July 22 by SRN News

July 22 (Reuters) - Penske Corp and Mitsui , the controlling shareholders of Penske Automotive Group, have offered $210 per share in cash to take the auto dealership chain private, according to a regulatory filing on Wednesday. Penske Automotive Group's shares rose over 11% during... Read More.

Current Weather

Ford and Geely strike deal for EV production at Spanish plant, ABC reports

Otis cuts annual profit forecast on rising costs; higher pricing offsets Mideast hit

Porsche plans another 5,000 job cuts, German media reports

Alaska Air says its underlying business strengthened despite fuel-hit quarter

Daimler Truck raises profit forecast on tariffs and North America sales

The Media Line: US, Jordan Sign Reciprocal Trade Agreement, Cap Tariffs at 10%

US coffee drinkers could pay more if Trump punishes Nicaragua’s election ban

The Media Line: Pakistan Pursues Honeywell Refinery Deal To Bolster Energy Security

Cinerama Dome, an iconic Hollywood theater shuttered by COVID pandemic, will reopen

Penske, Mitsui make $3.8 billion offer to take auto retailer Penske Automotive private

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