By Ludwig Burger FRANKFURT (Reuters) – If customers of Germany’s Harting Group, a maker of industrial plugs and sockets, want bespoke products, they can buy them — if they’re prepared to assemble them from a kit themselves. Volker Franke, the head of Harting’s assembly systems and machine tools business, is working hard to change that. Harting is one of a growing number of German firms investing in software, fearing their
Drivers have gotten a break this year with cheap gas, but the lower cost of fuel is an even bigger boon for automakers with big trucks and SUVs to sell. And nobody may be benefiting more than General Motors.
About 25% more liquefied national gas exports will hit the world market by 2020, and this will transform the energy market, predict CEOs at CERAWeek.
Sales of new US homes plunged in March after a sharp rise in February, the Commerce Department reported Thursday.
Economic news may delay the June rate hike investors were expecting earlier this year – but it won’t delay it very long.
Maybe you were even among those predicting at the start of the year that we’d finally get a “stock picker’s market.” Well, we’ve got one. And now all anyone can talk about is how frustrating it is to watch the indexes stuck in a range.
The number of Americans filing new claims for jobless benefits rose last week for a third straight week, but the underlying trend continued to point to a solidly improving labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 295,000 for the week ended April 18, the Labor Department said on Thursday. The claims data covered the period during which the government canvassed employers for April’s
LONDON/NEW YORK (Reuters) – U.S. and British regulators fined Deutsche Bank (DBKGn.DE) $2.5 billion (1.67 billion pounds) and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks. The record penalty in a seven-year investigation that has shredded the banking industry’s reputation takes the total fines imposed on some of the world’s top financial
Caterpillar reported a higher quarterly net profit despite a dip in revenue, citing a boost from the strong U.S. dollar on imported goods, especially from Japan.
First-quarter profit at General Motors rose nearly eight times above a year ago as U.S. consumers spent big on pickups and SUVs and the company didn’t have to set aside a huge stack of money to pay for …