Shares in Canada’s Home Capital surge as Buffett rides to rescue
TORONTO (Reuters) – Warren Buffett’s Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada’s h…
Exclusive: Uber hires law firm to probe how it handled India rape case – source
SAN FRANCISCO/NEW DELHI (Reuters) – Uber Technologies Inc [UBER.UL] has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014. The review will focus in part on accusations from so…
Tesla moves a step closer to building electric cars in China
(Reuters) – Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.
U.S. banks look to rebuild European football from the ground up
LONDON (Reuters/IFR) – U.S. banks that have carved out a lucrative niche financing the construction and renovation of sports stadia are making a push into Europe, signing a major deal with English Premier League soccer club Tottenham Hotspur last month…
American Airlines pushes back on Qatar Airways plan to buy stake
(Reuters) – American Airlines’ chief executive said on Thursday he is not “particularly excited” about Qatar Airways’ interest in buying up to 10 percent of the U.S. carrier’s shares, in a letter to employees following the state-owned Gulf airline’s ov…
Mylan shareholders re-elect board, vote against executive pay
AMSTERDAM (Reuters) – Mylan NV shareholders re-elected the generic drugmaker’s board at its annual meeting on Thursday, despite a shareholder campaign to vote down most of the directors in the wake of a scandal related to its high prices for emergency …
U.S. jobless claims rise, labor market still tight
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market.
Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources
HONG KONG (Reuters) – Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state beh…
Sales chief says Boeing won 571 orders and commitments
PARIS (Reuters) – Boeing said it had won 571 orders and commitments for jetliners at the Paris Airshow, upstaging European rival Airbus after the launch of a new model of its 737 MAX passenger jet.
Citi hires UBS banker as China head of corporate, investment banking: memo
HONG KONG (Reuters) – Citigroup Inc has appointed UBS Group AG senior China banker Jiang Guorong as its chairman and head of China corporate and investment banking, according to an internal memo seen by Reuters on Thursday.
