Derek Friesen thought he would be following in his father’s footsteps when he became the third generation of his family to work at H.J. Heinz Co.’s tomato processing plant in his hometown of Leamington, Ontario.
Getinge AB plunged the most since trading began in 1993 after the maker of hospital equipment said first-quarter profit will drop on higher costs to improve quality after regulatory inspections last year.
Daimler AG, the world’s third- biggest maker of luxury cars, will sell a 50 percent stake valued at 1.9 billion pounds ($3.2 billion) in an engine joint venture to partner Rolls-Royce Holdings Plc. to invest in its automotive and truck businesses.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, said severe winter weather cut visits to its U.S. stores last month, joining competitor GAP Inc. in outlining the effects of record snow and cold.
Spotify Ltd., the Stockholm-based music-streaming company backed by billionaire Li Ka-Shing, is speaking with banks about raising a credit facility, a move that could presage an initial public offering in the U.S., people with knowledge of the matter said.
Cost cuts equal to 450 full-time workers, says Telenor Spokesman Joern Bremtun via phone. * Says cost reductions to help fund NOK4b of investment in Norwegian mobile, fixed network Link to Company News:TEL NO <Equity> CN <GO>