Cathay Pacific agrees to buy 32 Airbus planes at list price of $4.06 billion
HONG KONG (Reuters) – Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose c…
Taiwan’s Foxconn to build three ancillary facilities as part of Wisconsin LCD campus
TAIPEI (Reuters) – Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) f…
Total deepens North Sea exposure with $7.5 billion Maersk Oil deal
PARIS/COPENHAGEN (Reuters) – Total is buying Maersk’s oil and gas business in a $7.45 billion deal which the French major said would strengthen its operations in the North Sea and raise its output to 3 million barrels per day by 2019.
China’s Great Wall confirms interest in Fiat Chrysler
SHANGHAI/WASHINGTON (Reuters) – A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply on Monday, as investors cheered the potential sale of the storied Jeep …
Great Wall asks to meet FCA, eyes offer for all or part of group: sources
BEIJING (Reuters) – China’s Great Wall Motor has asked for a meeting with Fiat Chrysler Automobiles (FCA) with the aim of making an offer for all or part of the Italian-American auto group, according to two individuals familiar with the move.
Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire
(Reuters) – Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett’s Berkshire Hathaway Inc.
Uber raises Hong Kong fares amid legal tangles
HONG KONG (Reuters) – Uber Technologies Inc said it raised its Hong Kong minimum fares on Monday by as much as 80 percent following a review.
Oil dips on rising U.S. output, but drilling activity slows
SINGAPORE (Reuters) – Oil dipped on Monday, weighed down by rising U.S. output although a 13 percent fall in U.S. crude inventories since March indicated a gradually tightening market.
Sempra Energy to buy Oncor for $9.45 billion in blow to Berkshire
(Reuters) – Utility Sempra Energy said on Monday that it would buy Oncor for $9.45 billion in cash after majority owner Energy Future Holdings Corp abandoned a deal to sell the power transmission company to Warren Buffett’s Berkshire Hathaway Inc.
Metals shine as stocks struggle near 5-1/2-week low
LONDON (Reuters) – World stocks struggled at a 5-1/2-week low on Monday, though metals dazzled with zinc at its highest in a decade, copper hitting a nearly three-year high and iron ore’s gains in the last three sessions stretching to nearly 15 percent…
