Western Digital-led group wins bid for Toshiba chip unit: Nikkan Kogyo
(Reuters) – Toshiba Corp has decided to sell its memory chip unit to a group led by Western Digital Corp for about 2 trillion yen ($18.29 billion), Japan’s Nikkan Kogyo newspaper said, without citing sources.
U.S. tribal patent deal could have big impact on generic drug market
(Reuters) – A groundbreaking deal between Allergan Plc and a Native American tribe to shield the company’s patents in administrative proceedings could also be used be to protect them from challenges in federal court, legal experts said, potentially dea…
Lawsuits against Equifax pile up after massive data breach
(Reuters) – More than 30 lawsuits have been filed in the United States against Equifax Inc after the credit reporting company said thieves may have stolen personal information for 143 million Americans in one of the largest hackings ever.
Oil rises as U.S. refineries restart, Irma wanes
NEW YORK (Reuters) – Oil prices rose on Monday as key U.S. refineries began restarts following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to clip demand for gasoline and diesel.
S&P 500 chalks up record high as fear gives way
(Reuters) – The S&P 500 surged over 1 percent to a record high close on Monday as tropical storm Irma caused less damage than expected in Florida, and after North Korea did not test-fire missiles over the weekend, which some had feared.
Exclusive: EU regulators have concerns over Luxottica-Essilor merger – source
BRUSSELS (Reuters) – EU anti-trust regulators will meet Luxottica and Essilor this week to express concerns about their plan to merge into a 46 billion-euro ($55.12 billion) global eyewear powerhouse, a person familiar with the matter said on Monday….
BP files for IPO of U.S. Midwest, Gulf Coast pipeline assets
(Reuters) – British energy company BP on Monday filed for an initial public offering of its U.S. Midwest and Gulf Coast pipeline assets.
Oil mixed amidst Irma demand fears, Saudi cut extension talks
NEW YORK (Reuters) – Oil prices were mixed on Monday, with Hurricane Irma’s continued pounding Florida raising demand fears, while U.S. refinery restarts and Saudi cut extension talks gave upward pressure.
Volkswagen spends billions more on electric cars in search for mass market
FRANKFURT (Reuters) – Volkswagen is stepping up its shift to electric cars and plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 to challenge pioneer Tesla in creating a mass market.
Wall Street up 1 percent as Irma, North Korea fears ease
(Reuters) – Three major U.S. indexes rose more than 1 percent on Monday as Irma’s downgrade to a tropical storm eased concerns about its impact on economic growth, and as North Korea refrained from any missile tests over the weekend, as feared.
