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VW’s labour chief sees no need for more cost cuts

Volkswagen’s (VOWG_p.DE) labour chief Bernd Osterloh has been on a roadshow to tell analysts and investors the carmaker has no need for deeper cost cuts in Germany. Existing cost reduction

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LATAM Airlines adds $1.3 billion to bankruptcy financing proposal, Brazil unit seeks protection

LATAM Airlines, the largest airline group in Latin America, said Thursday it had secured an additional $1.3 billion for its financing proposal before a New York bankruptcy court, while adding

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Harley-Davidson to cut hundreds of jobs as part of turnaround strategy

Harley-Davidson Inc (HOG.N) on Thursday said it will lay off 500 employees this year as part of new Chief Executive Jochen Zeitz’s efforts to revive the struggling motorcycle maker. As

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‘Disaster’ U.S. earnings loom, but investors try and look beyond

U.S. companies are preparing to open their books on a quarter that is set to show the biggest earnings fall since the financial crisis, leaving investors looking for light at

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Google can ward off EU antitrust probe into Fitbit deal with data pledge

Google may be able to stave off a full-scale EU antitrust investigation into its planned $2.1 billion bid for Fitbit (FIT.N) by pledging not to use Fitbit’s health data to

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Oil falls $1/bbl as resurgent pandemic prompts worries about U.S. demand

Oil prices fell about $1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.

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Electric car maker Fisker eyes deal to go public

Electric vehicle maker Fisker Inc is in talks to go public through a sale to a so-called blank-check acquisition company, modeled after a successful deal earlier this year by peer

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