Indian regulator says Dow, duPont deal likely to hurt competition
NEW DELHI (Reuters) – India’s competition regulator said the proposed merger between Dow Chemical and duPont was likely to hurt competition, a government statement said on Wednesday.
Google allows users to share their locations in mapping app
(Reuters) – Alphabet Inc’s Google announced on Wednesday that it will revamp its popular maps app to allow users to share their locations, in order to boost engagement on a product of increasing strategic importance to the search giant.
GE links bonuses to cost-cutting targets after talks with Trian
(Reuters) – General Electric Co said it expected to cut costs and boost operating profit in its industrial unit and linked the bonuses of its senior management to meeting these goals, as it bows to pressure from Nelson Peltz’s Trian Fund Management.
Choppy day on Wall Street; all eyes on Trump and healthcare
(Reuters) – Wall Street ended mixed after a choppy session on Wednesday as investors focused on President Donald Trump’s struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before.
Container shipping lines ordered to testify in U.S. sector probe
LONDON/SINGAPORE (Reuters) – The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on …
U.S. investors fight to preserve SEC rule on CEO pay ratio
WASHINGTON (Reuters) – More than 100 institutional investors opposed efforts by the U.S. securities regulator to delay a rule requiring companies to disclose a ratio comparing their chief executive’s pay with their workforce median.
China’s Sinopec buys first major refinery in Africa from Chevron
BEIJING (Reuters) – China’s Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp’s South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday.
Sears warns of ‘going concern’ doubts
(Reuters) – Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales.
Akzo Nobel rejects improved bid from U.S. rival PPG
AMSTERDAM (Reuters) – Dutch paints and coatings maker Akzo Nobel rejected an improved 22.4 billion euro ($24.1 billion) takeover proposal from PPG Industries on Wednesday, but faced investor pressure to start talks with its U.S. rival
Behind the scenes, bank lobbyists temper expectations for Dodd-Frank overhaul
(Reuters) – Bank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim.
