German postal service enlists Ford for electric vans drive
DUESSELDORF, Germany (Reuters) – German logistics group Deutsche Post DHL Group is expanding its foray into electric delivery vans, signing Ford as a components supplier for a new line of larger vehicles, the companies said on Wednesday.
Nike, Sanrio, Universal Studios face EU probe over online sales
BRUSSELS (Reuters) – EU antitrust regulators will investigate whether Nike , Comcast’s Universal Studios and Hello Kitty owner Sanrio illegally block some cross-border sales or ban certain online retailers from selling their products.
Toyota chief says may consider acquisitions to gain auto tech access
TOYOTA CITY (Reuters) – Toyota Motor Corp may consider mergers or acquisitions to procure new automotive technologies, including self-driving technologies, the company’s president said on Wednesday, adding that it had to compete more aggressively agai…
StanChart brings in senior talent to fuel U.S. expansion
NEW YORK/HONG KONG (Reuters) – Standard Chartered aims to expand its U.S. presence with a local hiring push and by bolstering its team in the country with senior staff from its main regions of Asia, the Middle East and Africa, its top bankers said.
Australian TV station Ten in administration after Murdoch-led backers quit
SYDNEY (Reuters) – Australian television broadcaster Ten Network Ltd said on Wednesday it would enter voluntary administration after creditors including Lachlan Murdoch declined to extend their support for a $150 million debt guarantee past 2017.
U.S. fashion retailer J. Crew launches debt restructuring deal
NEW YORK (Reuters) – J. Crew Group Inc disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of s…
Uber director David Bonderman resigns from board following comment about women
SAN FRANCISCO (Reuters) – Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company’s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.
U.S. plans threaten to undermine global bank reforms
LONDON/HONG KONG (Reuters) – U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis will throw a system of international regulatory cooperation into confusion, European Union and Asian regulatory sources said on Tues…
World stocks march on as Fed rate hike looms, dollar steady
LONDON (Reuters) – Stocks rose on Wednesday, but worries about stretched valuations and caution before a near-certain rate hike by the U.S. Federal Reserve kept their gains in check, while the dollar steadied against a basket of major currencies.
Silent on probe reports, China’s Anbang says chairman steps aside
BEIJING/NEW YORK (Reuters) – Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said late on Tuesday that its chairman was no longer able to fulfill his duties, just over a week after denying reports he had been barred fr…
