[ad_1] (Reuters) – Harley-Davidson Inc on Tuesday reported worse-than-expected quarterly profit and forecast sharply lower shipments, sending its stock tumbling more than 8 percent. The logo of U.S. motorcycle company Harley-Davidson is seen on one
SBI set to own 15 percent of Jet Airways, Etihad 40 percent: reports
[ad_1] NEW DELHI (Reuters) – Jet Airways creditor State Bank of India is likely to own 15 percent of the airline if the cash-strapped carrier’s plan for a debt-for-equity swap is approved, Indian TV channels
Indian home loan provider Dewan’s shares slump over media report
[ad_1] NEW DELHI (Reuters) – Shares of home loan provider Dewan Housing Finance Corp fell 8 percent on Tuesday following a media report that alleged financial misappropriation by the controlling shareholders of the company. Dewan
NCLT says banks are not wrong in rejecting Essar Steel settlement plan: TV
[ad_1] (Reuters) – The National Company Law Tribunal (NCLT) said on Tuesday banks are not wrong in rejecting the settlement plan proposed by the promoters of debt-ridden Essar Steel, Indian TV channels reported. Essar Steel
Lockheed Martin profit misses estimates, shares slip
[ad_1] Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/Files (Reuters) – Pentagon’s No.1 weapons supplier Lockheed Martin Corp missed analysts’ estimates for quarterly profit
U.S. sanctions Venezuela state oil firm, escalating pressure on Maduro
[ad_1] WASHINGTON/CARACAS (Reuters) – The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist
Intel to get $1 billion state grant for $11 billion Israel chip plant expansion
[ad_1] JERUSALEM (Reuters) – Intel Corp will receive a grant of about $1 billion from the Israeli government for its latest investment plan to expand its chip manufacturing operations in the country, Israel’s finance minister
PG&E, owner of biggest U.S. power utility, files for bankruptcy
[ad_1] (Reuters) – Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018. FILE PHOTO: PG&E works on power
Huawei lawyer says CFO Meng a hostage after U.S. presses charges
[ad_1] WASHINGTON/HONG KONG (Reuters) – Huawei’s CFO “should not be a hostage” in Sino-U.S. relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days
Gold hits over 7-month peak as Huawei case sparks risk-off sentiment
[ad_1] (Reuters) – Gold prices hit a more than seven-month high on Tuesday as investors shun riskier assets on worries over escalation in Sino-U.S. trade tensions after the U.S. Justice Department charged China’s Huawei Technologies