Panasonic expects Tesla battery biz to contribute to profit as early as October

Panasonic Corp on Tuesday said it expects its battery business with U.S. electric vehicle maker Tesla to contribute to profit from the second half of its business year, as production of mass-market Model 3 cars picks up pace.

from Reuters: Business News https://ift.tt/2voAAlc

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Honda resists U.S. tariff hit for now, first-quarter profit at 12-year high

Honda Motor said the impact of U.S. steel and aluminum import tariffs on its bottom line had so far been limited, as it posted a surprise jump in quarterly profits to their highest in more than a decade on improving North American sales.

from Reuters: Business News https://ift.tt/2OthP9j

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Pfizer profit rises 26 percent

Pfizer Inc reported a 26 percent rise in quarterly profit on Tuesday, driven by higher sales of its drugs, including breast cancer treatment Ibrance.

from Reuters: Business News https://ift.tt/2KbLfW4

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Procter & Gamble's 4Q earnings top estimates

Procter & Gamble's 4Q earnings top estimates



Organic sales grew 1-percent in the quarter.

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Pfizer profit rises 26%

Pfizer profit rises 26%



The U.S. drugmaker said net income rose to $3.87 billion.

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Self-Employed? 3 Best Ways to Save for Retirement

Self-Employed? 3 Best Ways to Save for Retirement



You don't need a company-sponsored retirement plan to build a great nest egg for your retirement.

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Here's How Much the Average Person Is Saving for Retirement

Here's How Much the Average Person Is Saving for Retirement



Sometimes it helps to see where you stand.

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The Chipotle Turnaround Stayed On Track Last Quarter

The Chipotle Turnaround Stayed On Track Last Quarter



Chipotle's comp sales growth is accelerating even without much benefit from its recently announced sales-driving initiatives. But the company will have to overcome a recent food safety incident to maintain its momentum.

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DealBook Briefing: A $100 Billion Tax Break Plan (for the 1 Percent)

By Unknown Author from NYT Business Day https://ift.tt/2ArmlC5

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World shares under tech cloud, no lift from Japan's dovish policy pledge

Reassurance by the Bank of Japan that it will keep its super-easy monetary policies in place for an extended period pushed the yen and global bond yields lower on Tuesday, though mounting concerns about the tech sector kept world stocks under pressure.

from Reuters: Business News https://ift.tt/2LLQIYm

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BMW to build car plant in Hungary for 150,000 units a year

BMW to build car plant in Hungary for 150,000 units a year



German automaker BMW says it will build a plant in eastern Hungary to manufacture up to 150,000 conventional and electric cars a year on a single production line.

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In Paris, British foreign minister tries to sell Brexit plan

In Paris, British foreign minister tries to sell Brexit plan



French Foreign Minister Jean-Yves le Drian and his newly-appointed British counterpart, Jeremy Hunt, are holding their first working meeting in Paris.

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Was the tech stock selloff overdone?

Was the tech stock selloff overdone?



Neuberger Berman senior research analyst Daniel Flax on the state of the tech sector and the overall markets.

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Samsung Electronics profit growth slows as Galaxy S9 misses sales targets

Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.

from Reuters: Business News https://ift.tt/2Kajltj

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BOJ seeks to make its ammunition last longer as options dwindle

Japan's central bank pledged to keep its massive stimulus in place but made tweaks to reduce adverse effects of its policies on markets and commercial banks, reflecting its view it would take longer for inflation to hit its target.

from Reuters: Business News https://ift.tt/2NZxwDX

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UK watchdog takes no action against RBS over small business unit

Britain's markets watchdog said it will take no enforcement action against Royal Bank of Scotland over alleged mistreatment of its small business customers in the wake of the financial crisis.

from Reuters: Business News https://ift.tt/2LFovU1

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Volkswagen names company veteran as VW brand COO

Volkswagen Chief Executive Herbert Diess named company veteran Ralf Brandstaetter as Chief Operating Officer of its core VW brand as part of a broader push to renew the carmaker's senior management and strategy.

from Reuters: Business News https://ift.tt/2M3V4qy

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Britain's car industry cautions: No-deal Brexit is our nightmare

A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain's car industry warned on Tuesday.

from Reuters: Business News https://ift.tt/2KcKSuj

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British Gas's new tariffs 'successful'

Iain Conn says that British Gas has switched more than 900,000 customers on to other tariffs

from BBC News - Business https://ift.tt/2LP4HMV

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BMW to build 1 billion euro car factory in Hungary

BMW said it is investing 1 billion euros ($1.17 bln) in a new car factory in eastern Hungary, a project that could contribute to the country's growth and strengthen its position as a center for premium car manufacturing in the region.

from Reuters: Business News https://ift.tt/2OxhthZ

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Volkswagen to name company insider as VW brand COO: source

Volkswagen is set to name Ralf Brandstaetter, the procurement chief of its core VW brand, as Chief Operating Officer of the brand, a person familiar with the matter said.

from Reuters: Business News https://ift.tt/2NXTyH0

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