Exclusive: Toshiba aims to name buyer of $18 billion chips business on June 15
TOKYO/SAN FRANCISCO (Reuters) – Toshiba Corp aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate.
Mexico sugar lobby says still wants dumping probe of U.S. fructose
MEXICO CITY (Reuters) – Mexican sugar producers still want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.-Mexico deal on access to the U.S. sugar market, the head of the Mexican sugar industry group said …
Mylan defends chairman to ISS ahead of June 22 investor vote
(Reuters) – Mylan NV defended Chairman Robert Coury’s role to ISS this week as the influential proxy firm prepares to advise shareholders on how they should vote on the re-election of Coury and other directors, according to a letter the drugmaker rele…
ECB triggers overnight Santander rescue of Spain’s Banco Popular
MADRID/BRUSSELS (Reuters) – European authorities stepped in to avert a collapse of Spain’s Banco Popular following a run on the bank, orchestrating a last-minute rescue on Wednesday by Santander , the country’s biggest lender.
Exclusive: Loophole allows Uber to avoid UK tax, undercut rivals
LONDON (Reuters) – Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Britain, a practice a senior politician said was unfair to competitors and defied the intent of the law.
SEC takes more time to mull Chicago Stock Exchange’s China deal
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission will take up to another 60 days to decide whether to allow the sale of the Chicago Stock Exchange to a group of investors led by China-based Chongqing Casin Enterprise Group.
Facebook launches features to connect U.S. users to elected officials
WASHINGTON (Reuters) – Facebook Inc announced a set of three new features on Wednesday intended to boost civic engagement among users in the United States on its platform by connecting them more easily with their elected representatives.
Comey relief buoys Wall Street; energy falls with crude
NEW YORK (Reuters) – U.S. stocks rose on Wednesday despite a sharp decline in energy shares after written testimony from former FBI director James Comey did not add major revelations about an investigation into Russian meddling with last year’s U.S. pr…
Justice Dept. halts settlements funding outside groups
NEW YORK/WASHINGTON (Reuters) – The U.S. Justice Department on Wednesday said it is barring legal settlements in federal investigations that include donating funds to community organizations or other third-party groups, rather than to those directly ha…
Delphi, Transdev to develop self-driving transport service in Europe
DETROIT (Reuters) – Delphi Automotive PLC will partner with Paris-based Transdev Group, a public transport service controlled by the French government, to develop an automated on-demand shuttle service in Europe, the companies said on Wednesday.
