ABB buys GE business for $2.6 billion in bet it can boost margins
ZURICH (Reuters) – Power grids maker ABB is buying General Electric’s Industrial Solutions business for $2.6 billion in a bet it can improve the division’s lackluster margins over the next five years, the Swiss engineering company said on Monday.
Euro, kiwi slip on political uncertainties, Asia shares fall
TOKYO (Reuters) – The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged, while Asian shares pulled back, weighed by concerns about China’s economy.
ABB buys GE unit for $2.6 billion to boost North American business
ZURICH (Reuters) – ABB is buying General Electric’s Industrial Solutions unit for $2.6 billion to expand its reach in North American markets, the Swiss engineering company said on Monday.
Walt Disney threatens to pull ESPN, ABC from Optimum
NEW YORK (Reuters) – Walt Disney Co has threatened to pull its programming from the fourth largest U.S. cable distributor, Altice USA, if the two parties cannot reach a deal before the end of the month, the cable company said on Sunday.
Euro, kiwi slip on political uncertainties, Asia shares fall
TOKYO (Reuters) – The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged, while Asian shares pulled back, weighed by concerns about China’s economy.
Oil holds gains as producers say market rebalancing
LONDON (Reuters) – Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing.
Euro and kiwi slip on political news, Asia shares track Wall Street
TOKYO (Reuters) – The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term in a weekend election, but faced leading a much less stable coalition in a fractured parliament as support for the far-right party surged.
EU seeks more protection for Uber-style jobs
BRUSSELS (Reuters) – The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality.
Fidget spinners and squishies: some Toys ‘R’ Us toymakers cut ties
(Reuters) – This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys ‘R’ Us, unaware that the biggest U.S. toy store chain was in financial trouble.
Lufthansa seen offering to pay 200 million euros for Air Berlin assets: source
FRANKFURT (Reuters) – A Lufthansa bid price of 200 million euros ($239 million) to buy assets from insolvent Air Berlin plus 100 million euros to meet operating costs is roughly correct, a source familiar with the talks said on Sunday.
