Netflix fends off criticism over Canada investment
(Reuters) – Netflix Inc said on Tuesday it had received formal approval to start a C$500 million production unit in Canada and sought to quell talk that it had asked for special tax benefits for investing in its first such unit outside the United Stat…
Exclusive: EU regulators to approve Atlantia, Abertis deal – sources
MILAN/BRUSSELS (Reuters) – EU antitrust regulators are expected to clear without conditions Italian infrastructure group Atlantia’s bid for Spanish Abertis to create the world’s largest toll-road operator, three sources with knowledge of the matter s…
Honeywell spins off units worth $7.5 billion, keeps aerospace
(Reuters) – U.S. manufacturer Honeywell International Inc will spin off its home and ADI global distribution business and transportation systems into two independent, publicly-traded companies by end of 2018, the company said on Tuesday.
ADP retail investors to get a chance to grill Ackman
(Reuters) – Retail investors in U.S. human resources firm Automatic Data Processing Inc will have a chance to grill billionaire shareholder William Ackman on Tuesday, an innovative bid by the hedge fund manager to seek support in his quest for board se…
Kobe Steel’s data-fabrication stuns Japanese manufacturers
TOKYO (Reuters) – Japan’s government sought on Tuesday to contain the fallout from the disclosure by the nation’s third-biggest steel maker, Kobe Steel Ltd , that it had fabricated data on components used in cars, aircraft and space rockets, sending shock waves through the Japanese manufacturing sector.
UK business minister to make statement on Bombardier after 1130 GMT
LONDON (Reuters) – British business minister Greg Clark will make a statement to parliament on Canadian aerospace manufacturer Bombardier on Tuesday sometime after 1130 GMT, parliament announced.
Vietnam’s Sacombank board seeks to switch listing to smaller exchange
HANOI (Reuters) – Board members of Vietnam’s Sacombank are seeking shareholder approval to switch the bank’s listing to the Hanoi Stock Exchange from the Ho Chi Minh Stock Exchange , a bank resolution on Tuesday showed.
Europe cautious ahead of Catalonia independence call
LONDON (Reuters) – World shares ground out a fresh record high on Tuesday, making it almost 50 for the year, although Europe tread cautiously as markets waited to see whether Spain’s Catalonia region would push for independence later in the day.
OPEC Secretary General urges U.S. shale oil producers to help cap global supply
NEW DELHI (Reuters) – OPEC’s Secretary General Mohammed Barkindo on Tuesday called on U.S. shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to…
Kobe Steel under the gun after firm admits data falsification
TOKYO (Reuters) – Investors looked set to bail out of Kobe Steel Ltd on Tuesday, after Japan’s third-biggest steelmaker revealed it had fabricated data to show its products met customer specifications in the latest scandal to rock corporate Japan.
