Emerson Electric pulls Rockwell Automation bid off table
(Reuters) – Industrial-automation systems maker Emerson Electric Co said on Tuesday it abandoned its bid for Rockwell Automation Inc after several rejections, and instead will pursue bolt-on acquisitions as originally planned.
Siemens, Airbus, Rolls-Royce team up on hybrid-electric propulsion
(Reuters) – Airbus , Rolls-Royce and Siemens have come together to develop a hybrid electric engine as the race intensifies to advance battery technology and electric motors to lower flying costs and move away from fossil fuels.
Anglo-Dutch Unilever favors single home, but delays choice
LONDON (Reuters) – Unilever favours creating a single corporate structure, but is delaying a choice between its British and Dutch bases, the consumer goods group said on Tuesday, in part because of the heightened political sensitivity of the decision …
Shell signals return to pure cash dividend, focus on renewables
LONDON (Reuters) – Royal Dutch Shell will return to paying pure cash dividends and step up its investment in cleaner energy as it turns a corner after more than two years of cost cuts and disposals prompted by weak oil prices.
Europe cheers Brexit bank verdict, on tenterhooks over Ireland
LONDON (Reuters) – European shares opened slightly higher on Tuesday as the Bank of England deemed that UK lenders could deal with a “disorderly” Brexit, while the dollar held steady ahead of a confirmation hearing for Federal Reserve chair nominee Jer…
Unilever leans towards single structure, delays choice of location
LONDON (Reuters) – Unilever sees a single corporate structure as in the best interests of the company and its shareholders, but has not yet made a decision to pursue one, it said on Tuesday.
Airbus poaches Rolls-Royce executive to head aircraft sales
PARIS/LONDON (Reuters) – Airbus has hired the boss of Rolls-Royce’s civil engines division, Eric Schulz, to replace John Leahy as head of commercial aircraft sales, following months of uncertainty over who would replace the veteran dealmaker.
Shell calls end to austerity with return to full dividend
LONDON (Reuters) – Royal Dutch Shell on Tuesday canceled an austerity dividend policy as the oil and gas company boosted its cash generation forecasts, drawing a line under three years of oil price turmoil.
Hyundai workers stop building SUV ahead of U.S. launch as labor row escalates
SEOUL (Reuters) – Hyundai Motor workers in South Korea have stopped building the Kona sport utility vehicle this week ahead of a U.S. launch – a protest against what the automaker’s labor union says are plans to trim assembly line headcount.
Asian shares retreat from decade peak on China anxiety
SYDNEY (Reuters) – Asian shares drifted away from decade highs on Tuesday as Chinese stocks stumbled for a second straight session, while the dollar inched higher on optimism about a tax reform in the world’s biggest economy.
