Workers at General Motors Co factories went on nationwide strike on Monday. It has become the largest strike of United Auto Workers (UAW) union in more than a decade, Dow Jones writes. Union leaders called for a strike amid stalled negotiations on a new four-year labor agreement with GM. UAW leaders across the country overwhelmingly voted in support of the strike on Sunday, giving almost 46,000...

BP CEO Robert Dudley is planning to sell several oil projects and cut production on some other sites to comply with the Paris climate agreement, Bloomberg reports. At a teleconference, Dudley said the BP management was exploring the possibility of exiting projects with maximum carbon dioxide emissions, but did not name them. He also said that the company would “refuse” from a number of other...

Saudi energy company Saudi Aramco has invited nine major banks as global coordinators for the initial public offering of its shares. The list of invited banks includes Citi, JP Morgan, Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch, HSBC, Goldman Sachs, the Saudi National Commercial Bank and Samba Financial Group. For several years now Saudi Aramco has been preparing for the...

Investors reacted extremely negatively to a message from Framatome, a subsidiary of Electricite De France, about some "deviations" in the welds of already manufactured and delivered components for nuclear power plants, as well as in new products of the enterprise. On Tuesday, September 10, Framatome announced start of “additional research” regarding the identified deviations in the welds of the...

The layoffs affected the fixed income securities division. Deutsche Bank's restructuring has reached a fixed income securities division, Bloomberg reports. According to the publication, the credit institution is downsizing dozens of traders and other employees. The new measures will affect departments involved in highly profitable assets, as well as troubled debts and investments in New York...

SmileDirectClub, a US orthodontic bracket service that works with clients without the direct involvement of doctors, expects to raise up to $ 1.287 billion through an initial public offering on the Nasdaq, the service said. The company filed an IPO in mid-August. Now the firm has named the price range of the offering: it wants to place 58.5 million Class A shares under the SDC ticker at prices...

The decision to appoint a new Chairman of the Board of Directors to replace the Saudi Arabian Minister of Energy, as noted, was made in order to "avoid conflicts of interest" before preparing for the initial public offering of Saudi Aramco. The change of leadership at Saudi Aramco also strengthens the position of Crown Prince of Saudi Arabia, Mohammed bin Salman. Many witness that Yasir...

The company’s US division was bought by the French Total for $ 15 million. Japanese Toshiba left its American LNG business. The company completed sale of its Toshiba America LNG division to the French Total. The deal amounted to $ 15 million. The decisive factor for the conglomerate in favor of selling the American asset was a sharp drop in prices for liquefied natural gas in Asia. At the same...

Japanese Sony decided to sell its entire stake in the manufacturer of endoscopes, photographic equipment and optics Olympus back to the company itself for 80.4 billion yen ($ 762.88 million). Sony will sell 68 million 975.8 thousand shares of Olympus (5.03% of the capital) at the closing price on Thursday (1,165 yen), according to a press release from Sony. Sony bought an 11.5% stake in Olympus...