Renault SA, Europe’s third-largest carmaker, said 2013 operating profit jumped 59 percent as low- cost models from the Dacia brand pushed delivery growth and the company lowered costs. The stock rose the most in five weeks.
Siemens AG , Europe’s largest engineering company, will fall “noticeably” short of a target to cut 2,000 jobs at its unprofitable German computer-services unit SIS, according to a pamphlet from employee representatives .
Hewlett-Packard Co. rose the most in eight months after the world’s largest personal-computer maker announced plans to slice its workforce by 27,000 and reported quarterly sales and profit that topped estimates, buoying optimism for a turnaround.
Three Serbian businessmen may control 50 percent of JAT Airways after a planned workforce reduction in the flag carrier in partnership with the state, B92 broadcaster reported, citing one of the possible investors.