Doing the heavy lifting: investors eye tech-tonic shifts for Europe’s industrials
LONDON (Reuters) – Investment funds seeking to invest at the intersection of Europe and technology are finding rich pickings in places that some may find surprising: sprawling industrials like trains-to-turbines Siemens and engineering group ABB.
Amazon rivals turn to legal fine print to stem Whole Foods strategy
SAN FRANCISCO (Reuters) – Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door.
Toshiba considering measures in case chip unit sale not completed by March
CHIBA CITY, Japan (Reuters) – Japan’s embattled Toshiba Corp said on Tuesday it is considering various measures in case it cannot complete the $18 billion sale of its prized flash memory chip unit by the end of March.
Airbnb’s China head exits, a week after co-founder named unit’s chair
BEIJING (Reuters) – The head of Airbnb Inc’s China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country where residency and movement are regula…
Heineken bets on motor racing for Asian payout
MONZA, Italy (Reuters) – Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser, a strategy that depends on broadening the sport’s appeal in Asia and persuading fans to pay more for their beer.
Asian shares hover near recent highs; NZ dollar slips
SYDNEY (Reuters) – Asian shares held within striking distance of recent decade highs on Tuesday and major currencies kept to narrow ranges, while the New Zealand dollar fell after the country’s incoming Labour government laid out its left-leaning prior…
Kobe Steel plant that supplied plane components being checked
TOKYO (Reuters) – Japanese authorities are conducting safety checks at a Kobe Steel Ltd aluminum plant that supplied components for a domestically built aircraft and seeking to inspect other plants owned by the embattled company.
Toshiba says considering measures in case chip unit sale uncompleted by March
Chiba, JAPAN (Reuters) – Toshiba Corp is considering various measures in case it will not be able to complete the $18 billion sale of its prized chip unit by the end of March, its chief executive said on Tuesday.
Amazon says studio executive Joe Lewis resigns
(Reuters) – Amazon.com Inc on Monday said Joe Lewis, the head of comedy and drama at its entertainment studio unit, has stepped down, but gave no reason for his resignation.
U.S. law firm files class suit against Rio Tinto over Mozambique coal
SYDNEY (Reuters) – A U.S. law firm has filed a class action suit against mining giant Rio Tinto, which is facing U.S. Securities and Exchange Commission (SEC) fraud charges stemming from an ill-fated investment in Mozambique coal mining.
