Samsung to expand in U.S., shift some manufacturing from Mexico: WSJ
(Reuters) – Samsung Electronics Co Ltd is planning to expand its U.S. production facilities, shifting some manufacturing from Mexico, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Viacom in talks with ex-Fox Chairman Gianopulos to lead Paramount: WSJ
(Reuters) – Viacom Inc is in talks with former Twentieth Century Fox Chairman Jim Gianopulos to lead its Paramount Pictures film studio, the Wall Street Journal reported.
China posts first monthly trade deficit in three years as imports soar
BEIJING (Reuters) – China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected and as increasing U.S. protectionist rhetoric casts a spotlight on the export giant’s trade pos…
U.S. insurer AIG makes Luxembourg its EU hub to cope with Brexit
LONDON (Reuters) – U.S. insurer AIG plans a European Union hub in Luxembourg following Britain’s decision to leave the bloc, the biggest financial services firm so far to detail such a move.
Trump talks infrastructure with Musk, developers
WASHINGTON (Reuters) – U.S. President Donald Trump met with business leaders on Wednesday including Tesla Inc Chief Executive Elon Musk and real estate developers, as the administration seeks partnerships with the private sector to boost infrastructure…
PepsiCo bidding for Brazilian dairy company Vigor: newspapers
SAO PAULO (Reuters) – PepsiCo Inc has bid to acquire Brazilian dairy company Fábrica de Produtos Alimentícios Vigor SA, according to reports published in two Brazilian newspapers on Wednesday.
Exclusive: With India visit, Westinghouse CEO keeps nuclear project alive
NEW DELHI (Reuters) – A deal to build six Westinghouse nuclear reactors in India is still alive, but to be viable must be ring-fenced from a financial crisis at the U.S. reactor maker and its Japanese parent Toshiba Corp, people with direct knowledge o…
German court names lead plaintiff in Volkswagen diesel test case
FRANKFURT (Reuters) – A German court named Frankfurt-based Deka Investment on Wednesday as lead plaintiff for 1,470 damages claims against Volkswagen totaling 1.9 billion euros ($2 billion).
Dow, S&P 500 dip as energy shares tumble
(Reuters) – The S&P 500 and the Dow Jones Industrial Average dipped on Wednesday as energy stocks suffered their worst drop in nearly six months.
‘It’s like kumbaya:’ Trump’s genial private meetings with CEOs jar with public attacks
WASHINGTON (Reuters) – When the bosses of some of the world’s largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting.
