U.S. companies urge EU to refrain from unilateral moves on Web tax
BRUSSELS (Reuters) – The European Union’s plans to increase taxes on digital firms risks undermining the bloc’s growth and stifle global efforts to find common solutions, U.S. companies operating in the EU said on Tuesday.
Western Digital to seek injunction to block Toshiba’s $18 billion chip unit sale
TOKYO (Reuters) – Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp’s prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.
North Korea war cries stifle stocks, euro still groggy
LONDON (Reuters) – World stocks and the euro fell for a fourth day on Tuesday, as investors that had piled into both all year took a step back as the list of global uncertainties began to lengthen again.
Under activist pressure, Nestle sets margin goal
LONDON/ZURICH (Reuters) – Nestle , under pressure from activist shareholder Third Point, set an operating margin target for the first time, although it was seen as conservative and fell short of rival Unilever’s ambitions .
JPMorgan to hire more than 3,000 people in new operations center in Poland
WARSAW (Reuters) – U.S. bank JPMorgan Chase plans to hire more than 3,000 people in its new global operations center in the next three years, Polish Development Ministry said on Tuesday.
Disney tests new store design as shoppers go online
LOS ANGELES (Reuters) – Walt Disney Co is testing the first major redesign of its retail stores in seven years, adding interactive experiences and live streams of theme park parades to lure consumers tempted by online shopping.
China’s iQiyi considers U.S. listing as early as 2018: source
HONG KONG/BEIJING (Reuters) – Baidu Inc’s video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. …
U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms
BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross said China needed to “guarantee fair and reciprocal treatment for U.S. firms” as he tried to strike an upbeat tone on a visit to Beijing amid trade tensions between the two countries.
BHP, world’s largest miner, says 2017 is ‘tipping point’ for electric cars
SINGAPORE (Reuters) – This year looks set to be the “tipping point” for electric cars, Arnoud Balhuizen, chief commercial officer at global miner BHP said on Tuesday, with the impact for raw materials producers to be felt first in the metals market, a…
China’s iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg
BEIJING (Reuters) – Baidu Inc’s video streaming service iQiyi, a Chinese-style Netflix , is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.
