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Barclays is adding to its internet banking division, as this year is expected to be a record breaking one for Internet IPOs. Reuters has reported that ride sharing companies Uber and Lyft have filed confidentially for offerings, while Pinterest has also hired banks for an IPO bvlgari cufflinks replica. Barclays last year hired another banker from Deustche Bank, Ed Wehle to focus on technology services deals. It also brought on Mark Zanoli in January, formerly of UBS Group AG, as vice chairman of technology investment banking..
WASHINGTON (Reuters) – Ford Motor Co said on Thursday it is investing more than $1 billion in its Chicago operations and adding 500 jobs as it prepares to launch three new SUVs this year and end production of the Taurus. Ford said it is building a new body shop and paint shop at its Chicago Assembly plant, and making major modifications to the final assembly area. At Chicago Stamping, Ford is adding stamping lines, the company added. The investment comes as Americans continue to shift away from cars in favor of SUVs, pickup trucks and other larger vehicles. Last year, U.S bvlgari cufflinks replica. industry car sales fell 13 percent, while light trucks rose 8 percent to 10.9 million, accounting for about 63 percent of vehicle sales..
Ford announced last year it was largely exiting the sedan market in the United States with the exception of the Ford Mustang. The company’s U.S. car sales fell 18 percent last year, while SUV sales rose 0.5 percent. The Chicago assembly plant will stop building the Ford Taurus at this end of this month as it boosts SUV production. Ford said last year it was ending North American production of cars like the Focus, Fusion, Fiesta and C-Max. The full-size Taurus, when introduced in 1985, was credited with reviving profits at Ford. It redefined U.S. car design with its jelly bean shape and was the top-selling model in the United States five times between 1992 and 1997 bvlgari cufflinks replica. U.S. Taurus sales, which peaked at 409,000 in 1992, fell to 28,706 last year..
The Dearborn, Michigan, automaker is eager to highlight that it is building more vehicles than its rivals do in the United States bvlgari cufflinks replica. Ford built nearly 2.4 million vehicles in the United States in 2018. “We are furthering our commitment to America with this billion-dollar manufacturing investment in Chicago and 500 more good-paying jobs,” said Joe Hinrichs, president of global operations. By contrast, General Motors Co announced in November it would halt production at five plants in North America, including four in Michigan, Ohio and Maryland, as it cuts about 15,000 jobs..
NEW YORK (Reuters) – Stocks pulled back sharply around the world on Thursday on fears of a global growth slowdown spreading to Europe and worry about the chances for a resolution of U.S.-China trade tensions anytime soon, while the U.S. dollar strengthened for a sixth session against a basket of currencies bvlgari cufflinks replica. MSCI’s gauge of stocks across the globe shed 0.98 percent as it receded from two-month highs reached earlier in the week. The pan-European STOXX 600 index lost 1.49 percent after disappointing corporate updates from Publicis and other companies, while Wall Street’s S&P 500 benchmark index dropped 0.9 percent..