P&G quarterly results surpass estimates
(Reuters) – Procter & Gamble Co reported better-than-expected quarterly results on Thursday, boosted by strong demand for skincare products Olay and SK-II, as well as fabric and home care products such as Febreze.
Qualcomm concessions insufficient to clinch NXP deal: commerce ministry
BEIJING (Reuters) – U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.
U.S. ban on sales to ZTE triggers patriotic rhetoric in China
HONG KONG (Reuters) – A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China’s cyberspace, highlighting the growing tension between the world’s two largest economies.
Sky reports strong quarter before bid battle steps up
LONDON (Reuters) – Sky , the pay-TV group at the center of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival U.S. entertainment groups who want to expand in Europe.
EU court adviser snubs Nestle KitKat trademark appeal
LUXEMBOURG (Reuters) – A legal adviser to the European Union’s top court advised judges on Thursday to reject an appeal by Nestle in defense of its EU trademark for its KitKat chocolate wafer biscuit.
Morgan Stanley seeks new court in Italian derivatives case
ROME (Reuters) – Morgan Stanley on Thursday asked to have a lawsuit against it for 2.7 billion euros ($3.34 billion) in damages thrown out of an Italian administrative court, an Italian judge said.
Opel CEO says German costs twice those of other plants: source
HAMBURG (Reuters) – Some of Opel’s German plants cost twice as much to run as new French owner PSA Group’s other factories, Opel’s chief executive told employees as the company tries to hammer out an effiency deal with labor leaders in return for inve…
Commodities rocket on $100 oil talk, metals stress
LONDON (Reuters) – Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets.
Oil at fresh highs on Saudi seeking price hike, U.S. stocks draw
LONDON (Reuters) – Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters top exporter Saudi Arabia is seeking to push oil prices higher.
Sky CEO Darroch: ‘I have no interest in running WPP’
LONDON (Reuters) – Sky Chief Executive Jeremy Darroch said he had no interest in running WPP , the world’s biggest ad group which is searching for a new chief executive after the abrupt departure of Martin Sorrell on Saturday.
