Exclusive: Nordstrom family launches search for buyout partner – sources
(Reuters) – A group of Nordstrom Inc family members is talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private, according to people familiar with the matter.
Apple dips after report that future iPhone modems could lag rivals
(Reuters) – Shares of Apple Inc fell more than 3 percent on Friday after Bloomberg News reported that iPhones launched later this year will use modem chips with slower download speeds than some rival smartphones.
Porsche Cayenne diesel emissions exceed legal limits: Spiegel
FRANKFURT/HAMBURG (Reuters) – Diesel models of Volkswagen’s sports car maker Porsche have much higher emissions than is legally allowed, German weekly Der Spiegel reported on Friday, citing test results.
Wilbur Ross seen imposing Mexico sugar deal over industry objections
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross is likely to impose a new sugar trade deal with Mexico even if final revisions to it fail to win support from the U.S. industry, trade lawyers and experts say.
After oil drop, some OPEC delegates question if supply cut deal enough
LONDON (Reuters) – Two weeks after an OPEC-led deal to extend oil output cuts until March, some OPEC delegates are questioning whether the agreement will be enough to reduce a glut in supplies and lift prices.
U.S. trade body advances dumping probe against Bombardier, shares drop
WASHINGTON/MONTREAL (Reuters) – The U.S. International Trade Commission on Friday gave a green light to the U.S. Commerce Department to begin preparing anti-dumping and anti-subsidy duties against new jets from Bombardier Inc , sending the Canadian pla…
EU antitrust regulators to investigate $38 billion Qualcomm, NXP deal
BRUSSELS (Reuters) – EU antitrust authorities opened an investigation on Friday into Qualcomm’s $38-billion bid for NXP Semiconductors , ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns.
WTO largely backs Boeing in trade row, faults tax break
GENEVA (Reuters) – The World Trade Organization largely cleared the United States of maintaining unfair support for Boeing Co , but said it had failed to withdraw a tax break in its main planemaking state that continues to cause trade fireworks.
Iran raises oil exports to West, almost on par with Asia
NEW DELHI (Reuters) – Iran’s oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said.
U.S. wholesale inventories post biggest drop in more than a year
WASHINGTON, June 9 (Reuters) – – U.S. wholesale inventories fell more steeply in April than the government had previously estimated, posting their biggest drop in more than a year as sales also fell sharply.
