Kraft Heinz launches sale of baby food unit: sources
U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to the matter said.
German auto suppliers downbeat as trade dispute simmers
German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak car demand.
As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking
China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping to stave off U.S. tariff hikes set to be triggered on Friday.
U.S. campaign against Huawei hits a snag south of the border
After a long push in Mexico, China’s Huawei landed a coveted job in 2017: supplying equipment for the country’s so-called “red compartida,” an ambitious telecommunications network built for carriers delivering the latest generation of technology.
Uber to price blockbuster IPO against grim market backdrop
Uber Technologies Inc will price its initial public offering on Thursday, the most high-profile U.S. listing since Facebook Inc seven years ago, against a backdrop of turbulent financial markets and the plunging share price of its U.S. rival Lyft Inc.
Uber drivers go on strike in London and U.S. ahead of IPO, early protests sparse
Uber drivers in London and major U.S. cities held a series of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut.
New Colorado environmental law stalls oil investment
New environmental regulations in Colorado have chilled investment in the state’s oil and gas fields as companies grapple with how local officials will respond to a law giving them more power to restrict energy production.
SoftBank Group unveils stock split, rakes in $3.8 billion gain on Uber stake
Japan’s SoftBank Group Corp announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a $3.8 billion valuation gain on its stake in Uber.
BlackRock pulls out of rescue for Italian bank Carige
U.S. fund manager BlackRock has pulled out of a proposed rescue of Italian bank Carige, a move that could push Rome’s fragile government into another costly state bailout.
Mitsubishi Motors switches gears to slower growth in post-Ghosn era
Mitsubishi Motors Corp forecast on Thursday a 19 percent fall in operating profit this year as it reins in aggressive growth amid slowing global car demand and charts a new course after the ouster of former chairman Carlos Ghosn.
