Long seen as partners, Huntsman and Clariant seal $14 billion merger
ZURICH/FRANKFURT (Reuters) – U.S.-based Huntsman Corp and Switzerland’s Clariant AG are combining to create a chemical manufacturer with a market value of about $14 billion, the deal coming together after years of tentative mutual approaches.
Ahead of Exxon’s annual meeting, climate activists gain ground
BOSTON (Reuters) – Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.
Chinese regulator approves VW-JAC Motor electric car venture
BEIJING (Reuters) – Germany’s Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday.
ABB plans to switch auditors to KPMG from EY
ZURICH (Reuters) – Swiss power transmission and industrial automation company ABB plans to switch auditors to KPMG from Ernst & Young, it said on Monday.
Ford names Hackett as CEO to tackle car rivals, Silicon Valley
WASHINGTON/DEARBORN, Mich. (Reuters) – Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors’ growing unease about the U.S. automaker’s slumping stock price and its ability to counter threats from longtime ri…
RBS tries for last-minute settlement before investor court case: sources
LONDON (Reuters) – Royal Bank of Scotland (RBS) has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 capital increase, according to two people close to the matter.
Airbus hires outside monitors amid fraud investigations
PARIS (Reuters) – Airbus has appointed an independent panel including two former ministers to examine its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners.
Deutsche Boerse CEO seeks end to insider trading probe: Handelsblatt
FRANKFURT (Reuters) – Deutsche Boerse Chief Executive Carsten Kengeter’s defense team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday.
Exclusive: Barclays to hire 100 staff in private banking push
LONDON (Reuters) – Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters.
Bitcoin options exchange raises $11.4 million in funding
NEW YORK (Reuters) – Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China’s Huiyin Blockchain Venture Investments.
