Steinhoff’s shares plunge after report on retailer’s ex-CEO
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after Bloomberg reported that the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
Apple to buy part of supplier Dialog’s business in $600 million deal
Apple Inc is to buy part of Dialog Semiconductor Plc’s business in a $600 million deal, expanding the iPhone maker’s chip operations in Europe and securing the German-listed company’s role as a supplier to the U.S. tech group.
German coalition parties spat over diesel car fines
Ministers from Chancellor Angela Merkel’s conservatives attacked on Thursday a proposal by the Social Democrats to fine carmakers who fail to offer diesel hardware retrofits, opening a new battle front in their fragile coalition government.
UK competition regulator to study British Airways trans-Atlantic alliance
Britain’s Competition and Markets Authority (CMA) said it would investigate British Airways’ revenue-sharing partnership on trans-Atlantic routes ahead of the 2020 expiry of a previous competition deal agreed with the airlines.
Asia shares swoon to 19-month lows; investors await U.S data
Share markets in Asia plunged to a 19-month low on Thursday after Wall Street’s worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and concerns over overvalued stock markets in an environment of rapidly rising…
Dialog Semiconductor signs $600 million licensing deal with Apple
Dialog Semiconductor has struck a $600 million deal with Apple to license its power management technologies and transfer some of its assets and 300 R&D staff to the U.S. technology firm.
German economy minister doubts constitutionality of diesel fines
German Economy Minister Peter Altmaier said on Thursday the government could run the risk of breaking the law if it imposed fines on carmakers who fail to offer diesel hardware retrofits.
Wells Fargo touts good deeds to get back in lawmakers’ good graces
Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation’s capital to convince lawmakers it has changed and talking up its charitable work in their districts.
Sears skips payments to vendors amid bankruptcy concerns
Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said the U.S. department store operator was preparing to file for bankruptcy in the coming days.
Chairman and CEO together or separate? Citigroup has to decide
JPMorgan Chase & Co and Bank of America Corp have placed the jobs of chairman and chief executive in the hands of one person, and now No. 3 Citigroup Inc must decide whether to follow suit.
