Scrapping South Korea pact would be rash mistake: U.S. trade lobby
WASHINGTON (Reuters) – Scrapping the U.S.-South Korean trade agreement would be a rash mistake, the U.S. Chamber of Commerce said on Tuesday, ahead of a first meeting this week between U.S. President Donald Trump and new South Korean President Moon Jae…
Canada allows Dow, Dupont merger after firms agree to sell assets
OTTAWA (Reuters) – Canada’s Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical Co after both firms agreed to dispose of some assets.
U.S. plaintiffs’ lawyers warn of automaker role in Takata bankruptcy
WILMINGTON, Del. (Reuters) – Lawyers for people injured by exploding Takata Corp air bags told a U.S. bankruptcy court judge on Tuesday that the company’s restructuring plan is being skewed to benefit automakers over victims.
U.S. antitrust lawsuit against Qualcomm to proceed, judge rules
(Reuters) – The Federal Trade Commission’s antitrust lawsuit against Qualcomm Inc can proceed, a federal judge ruled late on Monday, meaning the iPhone chip supplier must now wage a fight with U.S. regulators even as it contests a separate $1 billion …
Fed’s Yellen expects no new financial crisis in ‘our lifetimes’
LONDON (Reuters) – U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash…
Google faces years of EU oversight on top of record antitrust fine
BRUSSELS/FRANKFURT (Reuters) – Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday’s precedent-setting decision defining t…
Nestle plans $20.8 billion share buyback amid Third Point pressure
LONDON/ZURICH (Reuters) – Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at t…
Delaware top court rules for Chicago Bridge in Westinghouse dispute
WILMINGTON, Del. (Reuters) – The Delaware Supreme Court ruled in favor of Chicago Bridge & Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants.
BlackRock makes technology deal in cash management business
(Reuters) – BlackRock , the world’s biggest asset manager, on Tuesday said it would buy a software company that helps businesses invest their cash, marking its second investment in a technology firm this month.
UPS looks to add more green vehicles to its fleet by 2025
(Reuters) – United Parcel Service Inc said on Tuesday it would add more vehicles that run on non-conventional power to its fleet by 2025, as the package delivery company looks to cut its greenhouse emissions.
