Hundreds of workers producing Maserati cars at the Mirafiori plant in the northern Italian city of Turin will be placed on reduced hours contracts for the rest of the year, unions said on Wednesday.
General Mills topped market expectations for third-quarter sales and profit on Wednesday, backed by higher prices for its breakfast cereals, snack bars and pet food products that helped cushion a blow from slowing demand.
Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans – and it hopes to secure another $25 billion in tax breaks.
France’s competition watchdog on Wednesday said it fined Alphabet’s Google 250 million euros ($271.73 million) for breaches linked to EU intellectual property rules in its relationship with media publishers, citing concerns about the company’s AI service.
Lufthansa wants to close a deal with Italy’s ITA Airways “as soon as possible,” Lufthansa’s Chief Executive told journalists on Wednesday, adding that he was optimistic ahead of an expected statement of objections from the European Commission on the deal.
Boeing said on Wednesday it would burn more cash in the first quarter than previously expected as it limits 737 production to improve quality amid a worsening crisis at the U.S. planemaker.
More consolidation of Europe’s airlines is necessary to keep the industry competitive, the CEOs of British Airways owner IAG and Ryanair said on Wednesday, as the EU weighs a new deal between Germany’s Lufthansa and Italian rival ITA Airways.
Germany’s BioNTech , whose COVID-19 vaccine in partnership with Pfizer was widely used during the pandemic, reported on Wednesday a plunge in 2023 revenue and earnings as its focus shifts towards cancer drug development.
