Bloomberg Thyssenkrupp AG announced a dramatic U-turn in corporate strategy, saying it will take its elevator business public and abandon a plan to split in two. The shares surged the most on record after Chief Executive Officer Guido Kerkhoff said that the new proposal could also lead to the elimination of as many as 6,000 jobs. Kerkhoff’s reversal comes just ...

Bloomberg Canada’s economy posted record job gains in April, along with a pick-up in wages, in the strongest sign yet the nation’s economy has emerged from a soft patch. Employment rose by 106,500 in April, Statistics Canada said in Ottawa, the biggest one-month increase in data going back to 1976. Economists had forecast employers would add about 12,000 positions. The ...

Bloomberg Deutsche Telekom AG posted higher operating profit in the first quarter, propelled by forecast-beating US growth that’s making up for slower momentum back home in Germany, where Europe’s biggest phone company faces emerging competitive threats. Adjusted earnings before interest, tax, depreciation and amortisation after leases grew 8.3% to 5.94 billion euros ($6.65 billion). The figure, which eliminates accounting changes ...