UniCredit launches staff training pilot project in Italy

Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo announced a venture with a private equity firm centred around its learning operations.

newspaper

03-05-2022

CNH tops Q1 profit forecast despite Ukraine, supply headwinds

MILAN (Reuters) -Agricultural and construction machine maker CNH Industrial said on Tuesday its operating profit rose 9% in the first quarter as demand remained healthy despite headwinds including war in Ukraine and higher energy costs.

newspaper

03-05-2022

Samsung signs deal with Dish for 5G radios, phones

Samsung has signed a multi-year deal to sell equipment to Dish for its upcoming 5G network in the United States, one of the largest radio deals for the South Korean company since its major Verizon contract in 2020.

newspaper

03-05-2022

VW embeds Qualcomm chips in autonomous driving software plans

Volkswagen's Cariad on Tuesday said it will source chips from U.S. semiconductor maker Qualcomm to develop autonomous driving software, which the German carmaker has made the backbone of its future strategy.

newspaper

03-05-2022

CNH tops operating profit forecast in Q1 despite Ukraine headwinds

Agricultural and construction machine maker CNH Industrial said on Tuesday its operating profit grew 9% in the first quarter thanks to a "healthy" demand despite headwinds including war in Ukraine and higher energy costs.

newspaper

03-05-2022

Wall Street eyes muted open as earnings disappoint, eyes on Fed

(Reuters) -U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.

newspaper

03-05-2022

Elliott offers $1 billion to help separate Western Digital's Flash business

Activist investor Elliott Investment Management urged Western Digital Corp on Tuesday to separate its Flash business and offered to invest $1 billion to facilitate a sale or a spin-off of the business.

newspaper

03-05-2022

Stocks inch up, U.S. yields near 3% as markets ready for Fed hike

World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000.

newspaper

03-05-2022

Exclusive-Coca-Cola African bottler's $3 billion IPO delayed by Ukraine turmoil

Coca-Cola's estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources said on Tuesday.

newspaper

03-05-2022