GSK buys Novartis stake in consumer healthcare venture for $13 billion
ZURICH (Reuters) – GlaxoSmithKline said on Tuesday it will buy Novartis’s 36.5 percent stake in their consumer healthcare joint venture for $13 billion in cash, and will also begin a strategic review of some other businesses.
Stocks cheered by chance of trade detente, dollar downcast
SYDNEY (Reuters) – Asian share markets sprang higher on Tuesday as reports of behind-the-scenes talks between the United States and China rekindled hopes that a damaging trade war could be averted, in turn sapping life from the dollar and yen.
Nissan spins up new plant to give second life to EV batteries
NAMIE, Japan (Reuters) – At a small plant intended to help revitalize a town ravaged by the 2011 earthquake, Nissan Motor Co is giving its costly electric vehicle (EV) batteries new life after they pass their peak performance.
Hyundai’s union says revised trade deal with U.S. ‘humiliating’
SEOUL (Reuters) – Hyundai Motor Co’s South Korean labor union on Tuesday called Seoul’s revised free trade deal with the United States “humiliating”, and said the extended tariffs on pick-up trucks mean a missed opportunity to tap into the U.S. market…
GM says South Korean unit will file for bankruptcy if no union concessions by April 20
SEOUL (Reuters) – General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labor costs by April 20, heaping pressure on workers and the South Korean government to swiftly agree a rescue pla…
Arizona governor suspends Uber’s ability to test self-driving cars
PHOENIX, Ariz. (Reuters) – The governor of Arizona on Monday suspended Uber’s ability to test self-driving cars on public roads in the state following a fatal crash last week that killed a 49-year-old pedestrian.
White House investigating loans to Kushner’s business: official
WASHINGTON (Reuters) – The White House is investigating whether two loans totaling more than $500 million to the family real estate business of U.S. President Donald Trump’s son-in-law and senior adviser Jared Kushner violated any criminal laws or regulations, according to the U.S. Office of Government Ethics.
Asia shares cheered by trade hopes, dollar downcast
SYDNEY (Reuters) – Asian share markets rose sharply on Tuesday as reports of behind-the-scenes talks between the United States and China rekindled hopes a damaging trade war could be averted, in turn sapping the strength of the dollar and yen.
Deutsche Bank seeks to replace CEO with Goldman executive -report
(Reuters) – Deutsche Bank is seeking to replace Chief Executive John Cryan amid an intensified boardroom row over the bank’s future and alarm at its performance, the Times newspaper reported on Monday.
GM says South Korean unit will file for bankruptcy if no union concessions by April 20: union
SEOUL (Reuters) – General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not make concessions by April 20, the union said on Tuesday.
