Hilton sets $1 billion share buyback program
(Reuters) – Hilton Worldwide Holdings Inc , owner of the Waldorf Astoria hotel chain, said on Friday it would buy back up to $1 billion of its shares, and that it would change its corporate name to ‘Hilton Inc’, effective March 6.
Noble shares plunge after Iceberg questions Sinochem deal prospects
SINGAPORE (Reuters) – Shares in Noble Group tumbled 17 percent on Friday, hit by a critical report from Iceberg Research that reiterated its concerns about the commodity firm’s accounting practices.
Opel works council to seek contact with PSA labor bosses
FRANKFURT (Reuters) – Opel’s European works council said it had agreed to open a line of communication with its counterpart at PSA Group as the French carmaker holds talks over a tie-up with the company.
Mercedes-Benz mulls North American potential for pick-up trucks
STUTTGART (Reuters) – Daimler’s Mercedes-Benz Vans division is looking closely at a growing demand in the United States for mid-sized pick-up trucks to see whether there is market potential to launch its X-Class model there, divisional head Volker Mor…
China says no intention of using currency devaluation to its advantage
BEIJING (Reuters) – China said on Friday it had no intention of using currency devaluation to its advantage in trade, responding to U.S. President Donald Trump’s description of the Asian giant as the “grand champions” of currency manipulation.
Bug causes personal data leak, but no sign of hackers exploiting: Cloudflare
SINGAPORE (Reuters) – A bug in its software left hundreds of thousands of webpages hosted by Cloudflare Inc leaking encrypted personal data, but there was no sign yet the leak had been exploited by hackers, the Internet security firm said on Friday.
Oil futures suggest bullish funds’ big bet on price may pay off
LONDON (Reuters) – Oil investors have placed the biggest bet in history that prices will rise, as the world’s largest exporters cut output to reduce a glut in supply, and the futures market is suggesting for the first time in a year that they could be …
Samsung Electronics tightens donation rules; report says two group executives offer to quit
SEOUL (Reuters) – Tech giant Samsung Electronics is tightening board oversight on donations while two senior Samsung Group [SAGR.UL] executives reportedly offered to resign, as the conglomerate struggles with the fallout from a graft scandal that led …
Exclusive: Trump says Republican border tax could boost U.S. jobs
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday spoke positively about a border adjustment tax being pushed by Republicans in Congress as a way to boost exports, but he did not specifically endorse the proposal.
Exclusive: China considers faster IPO approval to lure large tech deals – sources
HONG KONG (Reuters) – China’s securities regulator is considering offering a shortcut for some of the country’s largest technology companies to list their shares, allowing them to jump a long line of applicants and boost domestic bourses, according to …
