Futures jump after strong tech earnings
(Reuters) – Solid results from tech titans Amazon and Google-parent Alphabet were seen driving the U.S. stock index futures higher on Friday.
German court rejects Deutsche See’s suit against VW
BERLIN (Reuters) – A German court has rejected a complaint against Volkswagen brought by fish distributor Deutsche See which has sued the carmaker over its diesel-test cheating.
Activist investors scupper $20 billion Clariant-Huntsman merger
ZURICH (Reuters) – Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value.
Subaru admits improper checks on Japan cars, expects recalls
TOKYO (Reuters) – Subaru Corp on Friday said it had failed to follow proper inspection procedures for vehicles for the domestic market, an issue likely to result in a product recall and adding to a list of compliance problems at Japanese companies.
Dovish ECB, earnings, lift European shares to five-month high
LONDON (Reuters) – European shares hit a five-month high on Friday, underpinned by strong earnings and a sharp drop in the euro a day after the European Central Bank took a cautious route to scaling back stimulus.
Australia’s NAB reaches agreement with regulator over rate rigging
SYDNEY (Reuters) – National Australia Bank , the country’s No.3 lender by market value, on Friday said it had reached an agreement worth A$50 million ($38 million) with the corporate watchdog to settle a case over alleged manipulation of a key interest…
Activist investors torpedo $20 billion Clariant, Huntsman merger
ZURICH (Reuters) – Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value.
Subaru says improper inspections conducted for over 30 years
TOKYO (Reuters) – Subaru Corp said on Friday it had failed to follow proper inspection procedures for vehicles destined for the domestic market for more than 30 years, adding to a list of compliance problems at Japanese companies.
Uber appoints banking executive as first UK chairman
LONDON (Reuters) – Uber appointed Laurel Powers-Freeling, who has held a series of banking roles, as its first UK chairman just as it battles to retain its operating license in London, its most important European market.
Kobe Steel sent products with tampered data to second nuclear company
TOKYO (Reuters) – Kobe Steel Ltd supplied parts with false specifications for nuclear equipment owned by Japan Nuclear Fuel Ltd (JNFL), JNFL said on Friday, adding that the products were not used.
