08:46 AM EST, 12/20/2024 (MT Newswires) -- Woodward (WWD) said Friday it has signed an agreement to acquire Safran Electronics and Defense's North America-based electromechanical actuation business. Financial terms were not disclosed. Woodward said the acquisition is not financially material. The acquisition includes intellectual property, operational assets, personnel, and long-term customer agreements for aircraft stabilization systems used for the Airbus...

* Latest round of talks has been ongoing since Monday * VW seeks to cut costs as European market shrinks * Both sides have drawn up provisional deal, source says * Could include sale of 1 plant, closure of 2nd, HB reports * More strikes could prove costly for company, analyst says (Adds scheduled press conference in paragraph 3) By...

08:48 AM EST, 12/20/2024 (MT Newswires) -- Canadian retail sales Friday posted a second consecutive 0.6% month-over-month advance in October, although the details weren't as strong as in the prior month, said CIBC. Much of the gain in October sales was driven by prices and by increased spending in the often volatile auto sector, noted the bank. Excluding auto, sales...

By Jesús Aguado MADRID (Reuters) -A Madrid court has sentenced former International Monetary Fund chief Rodrigo Rato to almost five years in prison for various crimes related to corruption, the court said on Friday. Rato, who had already spent two years in prison over a separate embezzlement case during his tenure as chairman of Spanish lender Bankia, has denied any...