Airbus Faces Nearly $4 Billion Penalty in Corruption Probes

The European plane maker has set aside EUR3.6 billion to settle investigations by U.S., U.K. and French authorities into contract dealings involving middlemen.

 
Renault Appoints Luca De Meo as New CEO

French car maker Renault named Luca de Meo as chief executive effective July 1. It also named Clotilde Delbos, who has been serving as CEO on an interim basis, as deputy chief executive.

 
LVMH Ends Year With Higher Revenue, Earnings

LVMH Moet Hennessy Louis Vuitton said its fourth-quarter revenue rose strongly, powered by the fashion and leather goods division.

 
TPG in Talks to Split With Its $33 Billion Credit-Investing Arm

TPG Sixth Street Partners, which was founded in the depths of the financial crisis by a group of former Goldman Sachs investors, is in talks to buy back a sizable portion of TPG's minority stake.

 
Virus Outbreak Disrupts Global Car Makers in China

The coronavirus outbreak in Wuhan, which has all but sealed off China's Hubei province, could have an outsize impact on the global auto industry, which has established a large footprint in the central China region.

 
3M to Cut More Jobs Amid U.S. Manufacturing Slump

The manufacturing conglomerate, which reported a decline in fourth-quarter profit, said it would eliminate 1,500 jobs as part of a broad restructuring effort.

 
BorgWarner to Buy Delphi Technologies in $3.3 Billion Deal

BorgWarner agreed to buy Delphi Technologies in an all-stock transaction that values Delphi at about $3.3 billion and would combine two major auto-parts makers.

 
Nike Site Sells Out of Kobe Bryant Merchandise in Wake of Star's Death

Nike's website sold out of Kobe Bryant merchandise in the wake of the basketball superstar's sudden death, the sportswear giant said, rebutting media reports it had pulled the products.

 
Lockheed Martin Boosts 2020 Guidance

The defense contractor forecast another year of record sales following booming demand in the U.S. and overseas for its combat jets, missiles and classified satellites.

 
Pfizer Sales Fall on Loss of Drug Exclusivity

The drugmaker reported lower quarterly sales as it lost U.S. market exclusivity for its blockbuster pain drug Lyrica in 2019

(END) Dow Jones Newswires

January 28, 2020 15:15 ET (20:15 GMT)

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