AirAsia X won’t buy ‘too expensive’ Airbus A350: co-group CEO
SINGAPORE (Reuters) – Malaysia’s AirAsia X Bhd has no plans to buy the Airbus SE A350 widebody jet, the airline’s co-group CEO said on Monday, despite the airline having 10 of them on order.
Oil prices drop as fears about Syria strikes fallout wane
LONDON (Reuters) – Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
Jaguar Land Rover to cut UK staff, output as diesel sales slump
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover said it will cut 1,000 jobs and reduce production at two of its English factories as demand for diesel cars slumps in the face of higher taxes and a regulatory crackdown.
Safe haven assets slide on hope Syria mission is accomplished
LONDON (Reuters) – Investors shed safe-haven assets such as gold and government bonds while oil prices plummeted on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the confli…
Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources
BEIJING (Reuters) – U.S. chipmaker Qualcomm will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors , sources said, giving regulators more time to decide on the deal and avertin…
Shire sells cancer drugs to Servier for $2.4 billion as Takeda circles
LONDON (Reuters) – Shire, the London-listed rare diseases specialist that is a potential takeover target for Japan’s Takeda Pharmaceutical, is selling its oncology business to unlisted French drugmaker Servier for $2.4 billion.
WPP shares fall 4 percent as founder Sorrell quits
LONDON (Reuters) – Shares in WPP fell 4 percent at the open on Monday after Chief Executive and founder Martin Sorrell quit, leaving the group without a boss at a time of huge change in the industry.
Oil markets tense after western strikes on Syria, rising U.S. drilling weighs
SINGAPORE (Reuters) – Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in U.S. drilling for new production also dragged on prices.
U.S. stock futures up, oil down on hopes Syria attack a one-off
SYDNEY (Reuters) – U.S. stock futures firmed and oil fell on Monday as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian markets turned mixed as selling in bank shares slugged Chinese indexes.
J&J Baby Powder litigation takes new focus with asbestos claims
NEW YORK (Reuters) – A $117 million verdict against Johnson & Johnson and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J’s Baby Powder could open a new front for thousands of cases claiming the widely-used product caused cancer, legal experts and plaintiffs lawyers said.
