GM’s South Korean union seeks job, plant security in exchange for wage concessions
SEOUL (Reuters) – General Motors’ South Korean union said on Thursday that it will not demand a pay rise and bonuses this year, but instead wants the U.S. automaker to provide a future production plan and job security.
EU antitrust regulators to decide on Apple, Shazam deal by April 23
BRUSSELS (Reuters) – EU antitrust authorities will decide by April 23 whether to clear iPhone maker Apple’s buy of British music discovery app Shazam, the European Commission said on Thursday.
World stocks shuffle forward as bond rally stalls
LONDON (Reuters) – A break in the recent global trade war squalls helped lift European stocks on Thursday and cooled demand for the markets’ traditional safety plays of government bonds and gold.
EU watchdog calls for review of Barroso’s Goldman role
BRUSSELS (Reuters) – The European Ombudsman called on the EU executive on Thursday to review whether its former president, Jose Manuel Barroso, ought to be working for Goldman Sachs after complaints that he was harming the EU’s image.
Toys ‘R’ Us goes out of business, leaving void for toy lovers
(Reuters) – Toys ‘R’ Us Inc, the iconic toy retailer, will shutter or sell its stores in the United States after failing to find a buyer or reach a deal to restructure billions in debt, putting at risk about 30,000 jobs.
Unilever picks Rotterdam HQ over London in blow to UK before Brexit
LONDON (Reuters) – Britain’s third biggest company Unilever will scrap its London corporate headquarters and make Rotterdam its sole legal home in a blow to Prime Minister Theresa May’s government almost one year to the day before Brexit.
Toys ‘R’ Us to close U.S. stores, leaving void for toy lovers
(Reuters) – Toys ‘R’ Us Inc, the iconic toy retailer, is shuttering its 735 U.S. stores after failing to find a buyer or reach a deal to restructure billions in debt, putting about 30,000 people out of jobs.
Sixt to challenge BMW, Daimler with car-sharing offer
FRANKFURT (Reuters) – Germany’s Sixt said on Thursday it would launch a new mobility platform this year that bundles its traditional car rental and transfer services with a car-sharing offering, challenging carmakers BMW and Daimler .
Balancing act: Chip giant Qualcomm caught between Washington and Beijing
SHANGHAI (Reuters) – U.S. chipmaker Qualcomm Inc , blocked this week from a takeover bid amid national security fears, was already walking a Pacific tightrope: it has government and defense contracts in America, but two-thirds of its revenue comes from…
Asia stocks sag, bonds advance amid simmering trade worries
TOKYO (Reuters) – Asian stocks sagged on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions will hurt the global economy.
