GLOBAL MARKETS LIVE: IBM to cut 10,000 jobs in Europe, Tesla recalls 9,500 vehicles…

11/25/2020 | 10:02am

Earnings season: Deere, Melrose Industries, CD Projekt, Rockwool, United Utilities, Aroundtown, Babcock and Elior are among companies publishing their results today.

Gap Inc: its share price collapsed by 11% after market close following better than expected quarterly results but an uncertain outlook, as management did not want to make a forecast for Q4.

HP Inc: The stock is up sharply after the session on Wall Street following the release of well-received quarterly results.

Dell Technologies announced an unexpected increase in revenues in the third quarter and expects higher than expected revenues for the current quarter, as the growth of remote working in recent months has boosted demand for its desktops and laptops

Tesla recalling nearly 9,500 vehicles, mostly 2016 Model Xs, due to a defect in the attachment of a roof component and bolts, the U.S. road safety agency said.

The airline industry will lose $157 billion in 2020/2021, according to IATA, including $118.5 billion this year.

Goldman Sachs will launch an equity brokerage platform in Paris, in addition to SIGMA X MTF, based in London.

Facebook was fined 6.7 billion won ($6 million) by South Korean data protection authorities for sharing personal information about its users without their consent.

IBM plans to cut nearly 10,000 jobs in Europe, or 20 percent of its workforce in the region, as part of a restructuring of its operations, Bloomberg reports.

United Parcel Service is accelerating the production of dry ice for vaccine distribution in the United States.

Nestlé sells Yinlu assets to Food Wise.

Sinopharm filed for approval of its Covid-19 vaccine in China.

DKSH extends its partnership with P&G in Asia.

Romain Fournier
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