Business

BMW says shortage of parts from Bosch hampers production

BMW says shortage of parts from Bosch hampers production

Bosch, in turn, said the trouble arose when a supplier in Italy experienced difficulties in delivering the casing for the steering gears. Bosch declined to pick out the dealer. Production of Mini and BMW X models and BMW's larger model series, including the BMW 5-Series, 6-Series and 7-Series, have not been affected, Reitsma said.



Former Greek PM wounded after explosive device went off inside his vehicle

The incident happened at 6:30 p.m. local time on Thursday as Papademos was traveling in a auto in central Athens . "The explosive device was in the interior of his vehicle, which resulted in his injury and the injury of his driver", Al Jazeera's John Psaropoulos, reporting from Athens , said.


Japan's industrial output rose 4.0% on month in April

Japan's industrial output rose 4.0% on month in April

Industrial production increased 4.0 percent (forecast +4.2 percent) in April from March, when it fell 1.9 percent. The ministry kept unchanged its basic assessment that industrial production shows signs of improving. The April figure also showed the biggest gain since a jump of 4.2 percent registered in June 2011, three months after the Great East Japan Earthquake and tsunami disaster hit.



Oil Holds Biggest Loss in 3 Weeks After OPEC Choice Disappoints

Earlier, Saudi Oil Minister Khalid A. Al-Falih spoke of a "nine-month straight" extension going into the meeting. U.S. West Texas Intermediate (WTI) crude futures CLc1 were below $50, at $49.15, though still up 16 cents from their last close.



Zacks Investment Research Upgrades BT Group plc (BT) to Hold

It is positive, as 22 investors sold Cinemark Holdings, Inc. shares while 93 reduced holdings. Federated Pa reported 697,480 shares. The Missouri-based Crestpoint Capital Ltd Liability Corp has invested 0.46% in Paragon Group of Companies PLC (LON:PAG).