based company

COPENHAGEN, Denmark | Volvo recalls 200,000 cars worldwide to fix fuel line

COPENHAGEN, Denmark—Jan 22, 2019—Swedish automaker Volvo Cars, owned by China’s Geely holding company, says it is recalling 200,000 diesel cars worldwide because the fuel line may crack, saying it is “a preventive safety measure.” Group spokeswoman Annika Bjerstaf says, “What may happen is that the fuel may leak out into the engine compartment over a … Continue reading COPENHAGEN, Denmark | Volvo recalls 200,000 cars worldwide to fix fuel line

SAN MATEO, Calif | GoPro to move production out of China over tariff concerns

SAN MATEO, Calif. — Action-camera maker GoPro says it will move production of U.S.-bound cameras out of China by the summer over tariff-related concerns. Companies have been voicing concerns over a looming trade war between China and the U.S. as both countries have been threatening tariffs against one another. GoPro did not say Monday where … Continue reading SAN MATEO, Calif | GoPro to move production out of China over tariff concerns

LENOX, Mass | Dennis Krausnick, founding member of Shakespeare & Co., dies

LENOX, Mass.  — A founding member of the Massachusetts theater company Shakespeare & Co., who in the organization’s 40 years served as an actor, director, writer and teacher, has died. Dennis Krausnick was 76. The Lenox-based company says Krausnick died Tuesday at his Stockbridge home after a battle with prostate cancer and Parkinson’s disease. Krausnick … Continue reading LENOX, Mass | Dennis Krausnick, founding member of Shakespeare & Co., dies

LONDON |  Trade tensions continue to weigh on global markets

LONDON  — Global stock markets traded in fairly narrow ranges Monday amid continuing trade tensions. French carmaker Renault saw its share price tank after partner Nissan accused its chairman of serious misconduct and announced plans to oust him. KEEPING SCORE: In Europe, France’s CAC 40 was flat at 5,025 while Germany’s DAX fell 0.1 percent … Continue reading LONDON |  Trade tensions continue to weigh on global markets

MONTREAL | Canada’s Bombardier says it will cut 5,000 jobs

MONTREAL — Canadian plane and train maker Bombardier Inc. said Thursday it will shed 5,000 jobs and sell off two units as part of a five-year plan to rein in costs, focus on rail and business jets, and reduce debt. About 2,500 Bombardier workers will be laid off in Quebec and 600 in Ontario while 2,000 cuts will … Continue reading MONTREAL | Canada’s Bombardier says it will cut 5,000 jobs

ALBANY, N.Y | Company accused of selling overpriced jewelry to US troops

ALBANY, N.Y. — New York state has filed a lawsuit against a national jewelry retailer, claiming the company uses false and deceptive methods to dupe U.S. military members into illegal financing contracts for overpriced merchandise. Attorney General Barbara Underwood announced Monday the lawsuit alleges Harris Jewelry used its “Operation Teddy Bear” charitable donations campaign to … Continue reading ALBANY, N.Y | Company accused of selling overpriced jewelry to US troops

BRATISLAVA, Slovakia | Jaguar Land Rover opens new plant in Slovakia

BRATISLAVA, Slovakia  — Jaguar Land Rover is opening a new, $1.6 billion plant in Slovakia, the luxury car maker’s first in continental Europe. The U.K.-based company, owned by India’s Tata Motors, built the plant near Nitra, about 100 kilometers (65 miles) east of Bratislava, to initially produce 150,000 cars a year. The Slovak government is … Continue reading BRATISLAVA, Slovakia | Jaguar Land Rover opens new plant in Slovakia

NEW YORK | American Express profits jump 22 percent, beating forecasts

NEW YORK— American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company’s credit cards. The New York-based company said it earned a profit of $1.65 billion, or $1.88 a share, which is up … Continue reading NEW YORK | American Express profits jump 22 percent, beating forecasts