DETROIT (Reuters) – General Motors Co (GM.N) will enable U.S. owners of 2018 and newer model vehicles to download Amazon.com’s (AMZN.O) Alexa digital assistant software to control navigation, streaming media and phones starting next year, the companies said on Wednesday. The agreement gives Amazon access to millions of vehicles, and a substantial expansion of its […]

Impeachment proceedings against President Trump won’t affect corporate earnings, or stock and bond prices, directly. But the political war in Washington changes the outlook for some key policy issues that investors should pay close attention to. Democrats and Republicans don’t cooperate very much these days, but the House’s effort to impeach Trump will raise the usual standoff to […]

New laws are needed to prevent travellers being left in a “ridiculous situation” following the collapse of firms such as Thomas Cook, the transport secretary says. Grant Shapps was speaking after the travel giant went into liquidation earlier this week, leaving 150,000 passengers having to be repatriated to the UK. Mr Shapps told parliament that […]

DUBAI (Reuters) – Abu Dhabi’s Etihad Airways is delaying the entry into service of five Airbus A350-1000 jets as it strives to return to profitability after three consecutive years of losses. The state-owned carrier has been downsizing its fleet and route network following a failed strategy to rapidly expand to compete with more established Gulf […]

VIENNA (Reuters) – An unprecedented bidding war has erupted over German lighting group Osram (OSRn.DE), with private equity group Bain swapping partners to team up with Advent to prepare to outbid Austria’s AMS (AMS.S) (AMS.VI). The Austrian sensor specialist made a 4.3 billion euro ($4.7 billion) bid for the larger Osram earlier this month. AMS […]

(Reuters) – Philip Morris International (PM.N) has scrapped merger talks with Altria Group (MO.N) and will instead focus on the launch of its tobacco-heating product iQOS in the United States, the company said on Wednesday. The abandonment of the mega-merger comes at a time when e-cigarettes and vaping are facing intense regulatory scrutiny across the […]

(Reuters) – Alphabet Inc’s Google will stop showing news snippets from European publishers on search results for its French users, complying with a new European copyright law, the company said on Wednesday. The change means French users will only see the headlines and not the first few lines or a thumbnail image for news content […]

Trade union Unite has confirmed Ballymena bus manufacturer Wrightbus has entered administration, with a large number of redundancies feared. The union’s regional secretary Jackie Pollock confirmed the news at a press conference on Wednesday morning and has called on the UK government to intervene and save the firm. Directors at the maker of the so-called […]

Shares in British challenger bank Metro nosedived after the troubled lender shelved a bond deal, deepening concern about the strength of its finances. The stock tumbled as much as 30pc to 190.1 pence in afternoon trading in London, the lowest level since the firm first sold shares to the public more than three years ago. […]

WASHINGTON (Reuters) – Sprint Corp (S.N) received tens of millions of dollars in government subsidies for 885,000 low-income subscribers who were not using the service, the Federal Communications Commission said on Tuesday. Sprint shares fell 3.3%, or 22 cents, to $6.37, after the FCC said its Enforcement Bureau is investigating the subsidies and one Democratic […]