Peugeot boss faces toughest adversary yet in IG Metall
PARIS/FRANKFURT (Reuters) – PSA Group boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost c…
BlackRock wants regulators to address unequal voting rights
BOSTON (Reuters) – BlackRock Inc on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance.
Trump launches effort to boost U.S. weapons sales abroad
WASHINGTON (Reuters) – The Trump administration rolled out a long-awaited overhaul of U.S. arms export policy on Thursday aimed at expanding sales to allies, saying it will bolster the American defense industry and create jobs at home.
European utilities retrench as cross-border deals lose appeal
PARIS/FRANKFURT (Reuters) – European utility companies are retrenching in their home markets and looking to unwind debt-financed cross-border mergers deals as increasingly nationalist governments balk at foreign ownership of strategic power supplies.
TSMC’s smartphone warning points squarely at Apple: analysts
(Reuters) – Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones.
Apple, Philip Morris, chip stocks lead Wall Street slide
(Reuters) – U.S. stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G.
GM Korea, union fail to reach agreement before Friday deadline
SEOUL (Reuters) – Wage talks between General Motors’ South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company had set for filing for bankruptcy.
Allergan moves in as Shire rebuffs $63 billion Takeda bid: sources
NEW YORK/LONDON (Reuters) – Drugmaker Shire has rejected a third takeover bid worth nearly $63 billion from Japan’s Takeda Pharmaceutical , although talks are continuing, while sources said Allergan was also in competing negotiations.
The great Russian oil game in Iraqi Kurdistan
LONDON (Reuters) – Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft .
Apple, P&G and chip stocks lead Wall Street lower
(Reuters) – Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble.
