Rolls-Royce, Airbus to collaborate on new UltraFan engine
LONDON (Reuters) – Rolls-Royce and Airbus have signed a deal to collaborate on development of the UltraFan, a new engine that is intended to 25 percent more fuel efficient than the earliest version of the Trent engine, the British company said on We…
Porsche appeals against seizure of files in emissions raid
BERLIN (Reuters) – Porsche has appealed against the seizure of files by prosecutors during a raid last week on the sports car brand’s premises related to inquiries into emissions manipulations, prosecutors said.
Twitter beats Wall Street estimates as growth moves overseas
(Reuters) – Twitter Inc reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced Twitter’s video ads.
Shire bid marks Takeda’s latest – and biggest – push for global status
TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd’s $64 billion bid for London-listed rare disease specialist Shire Plc bolsters its credentials as Japan’s most outward facing drugs firm, a mould-breaking image that has been more than a decade in the ma…
World stocks move toward longest losing streak of the year
LONDON (Reuters) – World shares were on their longest losing streak of the year on Wednesday, as a rise in U.S. bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.
Comcast offers $31 billion for Sky, going head-to-head with Fox
LONDON (Reuters) – U.S. cable company Comcast Corp submitted a 22 billion pound ($31 billion) offer for pay-TV group Sky on Wednesday, challenging an already agreed but lower takeover bid from Rupert Murdoch’s Fox .
GM may raise investment plan for South Korean unit: source
SEOUL (Reuters) – General Motors Co and the South Korean government are considering raising the size of their investment in the U.S. automaker’s South Korean subsidiary from a previously proposed $2.8 billion, a senior government official with direct …
Airbus, Dassault agree partnership for new fighter jet project
BERLIN (Reuters) – Airbus and Dassault Aviation have signed an initial agreement for cooperation on Europe’s Future Air Combat System (FCAS), the two companies said on Wednesday.
World stocks move towards longest losing streak of the year
LONDON (Reuters) – World shares were on their longest losing streak of the year on Wednesday, as a rise in U.S. bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.
Shire willing to back $64 billion Takeda bid, market signals doubts
LONDON/NEW YORK/TOKYO (Reuters) – Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan’s Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug compan…
