Industrials

Aluminum premiums pressured by 'confusion' over LME: Alcoa CFO

Global aluminum premiums have fallen due to "confusion" over the London Metal Exchange's proposal announced on July 1 to overhaul its warehousing policy, Alcoa Inc Chief Financial Officer and Vice President William Oplinger said on Tuesday.

Aluminum premiums pressured by 'confusion' over LME: Alcoa CFO

Global aluminum premiums have fallen due to "confusion" over the London Metal Exchange's proposal announced on July 1 to overhaul its warehousing policy, Alcoa Inc Chief Financial Officer and Vice President William Oplinger said on Tuesday.

GM sees auto industry slowing in turbulent Middle East

General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower rate than in the last few years, hurt by uncertainty and political crisis in markets such as Egypt and Syria.

Daimler aims to launch self-driving car by 2020

Germany's Daimler AG plans to start selling a self-driving car by 2020 as part of its campaign to regain the top spot among premium carmakers, its development chief said.

CNH Industrial targets investment grade credit rating

Truck and tractor maker CNH Industrial is aiming for an investment grade credit rating and could distribute the money saved on interest payments to shareholders, the group formed from the merger of Fiat Industrial and its CNH unit said.

Exclusive: KKR pulls out of Jones Group auction - sources

Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group Inc , two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company.

Bangladesh garment workers stage biggest wage hike protest

About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labor officials said on Saturday.

Allegiant grounds planes to make slide inspections

Allegiant Travel Co, a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its planes, or roughly half of its fleet, to inspect emergency exit slides to comply with safety guidelines.

Allegiant grounds planes; U.S. FAA seeks data on slides

Allegiant Travel Co, a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its aircraft, or roughly half of its fleet, to inspect emergency evacuation slides in response to an FAA request for information.

U.S. CEOs less optimistic on economy - survey

U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months, a survey by the Business Roundtable showed.

General Dynamics changes leadership at shipyards

General Dynamics Corp on Wednesday announced leadership changes at its shipyards that it said would help the company reduce costs and better serve its main customer, the U.S. Navy.

Sharp to issue up to 450 million new shares in offering: sources

Japan's Sharp Corp plans to issue up to 450 million new shares in a public offering, part of a plan to raise capital that is set to be approved by the company's board early this week, people with knowledge of the discussions said on Tuesday.