Telecoms, cable group Altice starts IPO process for U.S. arm
NEW YORK/PARIS (Reuters) – Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion…
Apple may ditch Dialog, analyst says, hitting chipmaker’s shares
FRANKFURT (Reuters) – Dialog Semiconductor risks losing a crucial supply deal with Apple Inc , according to a financial analyst who cut his rating on the stock on Tuesday, sending the Anglo-German chipmaker’s shares down by as much as one-third.
Bombardier board approves proposal to cut chairman’s pay
(Reuters) – Bombardier Inc said its board of directors approved a proposal to slash Executive Chairman Pierre Beaudoin’s pay by $1.4 million, bringing his 2016 compensation to $3.8 million, equal to his remuneration for 2015.
China first-quarter auto sales strongest since 2014 despite tax cut rollback
BEIJING (Reuters) – China auto sales grew 7 percent in the first quarter, China’s automakers’ association said on Tuesday, with the strongest January-March period since 2014 setting up the world’s largest auto market for a better-than-expected year.
Australia says changes to BHP Billiton corporate structure must fit national interest
SYDNEY (Reuters) – Any significant changes to the corporate structure of Anglo-Australian miner BHP Billiton would need to be consistent with a “national interest” test under the law, the Australian government said on Tuesday.
Exclusive – Saudis, oil majors discuss gas investments ahead of giant IPO
LONDON/DUBAI (Reuters) – Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country’s drive to diversify investments before the listing of national ener…
Toshiba files results unapproved by auditor; warns of ‘going concern’ risk
TOKYO (Reuters) – Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate.
Grains piled on runways, parking lots, fields amid global glut
CHICAGO (Reuters) – Iowa farmer Karl Fox is drowning in corn.
Toshiba to file results as early as noon with disclaimed opinion from auditors – source
TOKYO (Reuters) – Toshiba Corp will file its twice-delayed October-December results as early as noon (0300 GMT) Tuesday, with a disclaimer of opinion from auditors, a source briefed on the matter said.
LeEco abandons $2 billion Vizio deal, citing ‘Chinese policy factor’
TAIPEI (Reuters) – Chinese tech conglomerate LeEco , whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of U.S. consumer electronics company Vizio , the company said on Tuesday.
