Exclusive: Western Digital offers to exit Toshiba chip bid for better JV terms
TOKYO (Reuters) – Western Digital Corp has offered to drop out of a group bidding for Toshiba’s coveted flash memory chip business to take a stronger position in their joint venture instead, two sources familiar with the matter said on Tuesday.
L.A. Times, Chicago Tribune owner buys New York Daily News
(Reuters) – Newspaper company Tronc Inc , which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.
Lego to cut 1,400 staff as decade-long sales boom ends
COPENHAGEN (Reuters) – Lego said it would lay off 8 percent of its staff and revamp its business after reporting its first fall in sales in more than a decade on Tuesday.
U.S. stock futures lower as North Korea tensions rise
(Reuters) – U.S. stock index futures were lower on Tuesday after North Korea conducted its most powerful nuclear test over the weekend, rattling investor sentiment.
Exclusive: EPA eyes limits for agricultural chemical linked to crop damage
(Reuters) – The U.S. environmental agency is considering banning sprayings of the agricultural herbicide dicamba after a set deadline next year, according to state officials advising the agency on its response to crop damage linked to the weed killer.
Exclusive: Western Digital offers to exit Toshiba chip bid for better JV terms – sources
TOKYO (Reuters) – Western Digital Corp has offered to drop out of a bid for Toshiba Corp’s lucrative semiconductor unit after their talks stalled, seeking instead a stronger position in the two companies’ chip joint venture, two sources said on Tuesday…
Russia informed of recall of 7,670 Volkswagen cars: standards agency
MOSCOW (Reuters) – Russia’s standards agency said on Tuesday it had been informed of a recall of 7,670 cars of Volkswagen NFZ Multivan T5 and T6 models by Volkswagen Group sold between 2014 and 2016.
Western Digital offers to exit Toshiba chip bid for better JV terms: sources
TOKYO (Reuters) – Western Digital Corp has offered to drop out of a bid for Toshiba Corp’s lucrative semiconductor business in return for a stronger position in the two companies’ chip joint venture, two sources said on Tuesday.
U.S. crude rises, gasoline falls as refineries restart
SINGAPORE/LONDON (Reuters) – U.S. oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
Europe shakes off North Korea jitters
LONDON (Reuters) – Europe’s financial markets seemed on Tuesday to have shaken off jitters prompted by North Korea’s biggest nuclear test yet, with stocks pushing higher and investors reversing out of bonds, gold and other safe-haven assets.
