California Department of Insurance seeks to suspend Wells Fargo’s licenses
(Reuters) – The California Department of Insurance is seeking to suspend or revoke Wells Fargo & Co’s licenses for alleged improper insurance sales practices related to the company’s online insurance referral program.
Britain pushes back date for provisional findings in Sky-Fox deal
LONDON (Reuters) – Britain’s competition regulator will publish its provisional findings into the planned takeover of pay-TV group Sky by Rupert Murdoch’s Fox in January and not December as originally planned, it said on Wednesday.
Growing length of U.S. freight trains in federal crosshairs after crashes: GAO
SEATTLE (Reuters) – The investigative arm of the U.S. Congress is launching a probe into the safety of increasingly long freight trains being operated by CSX Corp , Union Pacific Corp and other major U.S. railroads to boost profitability, the U.S. Gov…
Exclusive: Ford set for China tie-up with Alibaba to test online, direct auto sales – source
BEIJING (Reuters) – Ford Motor Co is expected to sign as early as Thursday a deal with Alibaba Group Holding Ltd which may allow the U.S. automaker to test selling cars to consumers in China through Alibaba’s online retail arm Tmall, as well as via a new “auto vending machine” store concept, according to a Ford source familiar with the matter.
Luxury brands boosted by court ruling for online sales ban
LUXEMBOURG (Reuters) – Coty and other luxury brand owners scored an important victory on Wednesday in their bid to prevent retailers selling their products on online platforms such as Amazon and eBay after Europe’s top court said they have the right …
Tech tremors, metals spoil global rally
LONDON (Reuters) – Tremors in tech stocks spread to Europe on Wednesday, with weaker metals prices also tripping up a rally in world stocks which had taken them to record highs.
Hong Kong’s premium office space ranked world’s most expensive
HONG KONG (Reuters) – Hong Kong’s premium office space has topped the charts as the world’s most expensive for the second consecutive year, outpacing prices in No. 2 Midtown New York by 66 percent, according to property consultancy JLL.
Exclsuive: China’s Xiaomi seeks bank pitches for 2018 IPO – sources
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.
easyJet takes on Lufthansa with German domestic routes
BERLIN (Reuters) – Britain’s easyJet will start competing with Lufthansa’s airlines on domestic German routes from Berlin next month, following its planned takeover of parts of insolvent Air Berlin, it said on Wednesday.
Exclusive: China’s Xiaomi seeks bank pitches for 2018 IPO – sources
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.
