Edition:
United Kingdom

Ankit Ajmera

Lengthy UAW strike at GM to cost $1.5 billion: Credit Suisse

11 Oct 2019

An ongoing workers' strike at General Motors Co could cost the automaker about $1.5 billion, brokerage Credit Suisse said on Friday, throwing the U.S. automaker's cost reduction plans off the track and forcing key suppliers to cut their 2019 outlook.

GE to freeze, pre-pay pensions to save up to $8 billion, cut debt

08 Oct 2019

General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.

Behind the GM strike: Declining productivity at U.S. operations

04 Oct 2019

General Motors Co's U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows. | Video

RPT-Behind the GM strike: Declining productivity at U.S. operations -Reuters analysis

04 Oct 2019

Oct 3 General Motors Co's U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows.

Behind the GM strike: Declining productivity at U.S. operations - Reuters analysis

04 Oct 2019

General Motors Co's U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows. | Video

Higher demand for cheaper homes powers Lennar's profit beat

02 Oct 2019

Lennar Corp's quarterly profit beat Wall Street expectations on Wednesday, boosted by cheaper borrowing rates and a focus on low-priced houses.

Pick-up trucks remain mainstay for Detroit Three in third quarter

02 Oct 2019

The Big Three U.S. automakers on Wednesday reported a rise in sales of pick-up trucks for the third quarter as lower interest rates boosted demand in an otherwise sluggish auto market.

Chinese U.S. homebuying to hit eight-year low, says leading property site

23 Sep 2019

U.S. home sales to Chinese buyers are likely to drop to an eight-year low in the year ending next March as a prolonged Sino-U.S. trade war hits demand, according to estimates from Chinese real estate website Juwai.com.

Answering Trump, UPS, FedEx and USPS say they already fight illegal drug shipments

23 Aug 2019

FedEx Corp , United Parcel Service Inc and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China.

Answering Trump, UPS, FedEx and USPS say they already fight illegal drug shipments

23 Aug 2019

FedEx Corp , United Parcel Service Inc and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China.

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