PSA chief executive to meet UK’s May about Vauxhall takeover
PARIS/LONDON (Reuters) – The chief executive of Peugeot manufacturer PSA Group will meet British Prime Minister Theresa May to discuss his firm’s planned acquisition of General Motors’ Opel and Vauxhall operations, a government spokesman said on Satu…
Iran finds 2 billion barrels shale oil reserves in western province: agency
DUBAI (Reuters) – Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday.
With stocks at highs, investors eye consumer results
NEW YORK (Reuters) – U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc next week for signs on whether the recent market rally has more room to run.
China says policies unaffected by Trump plan to bring factories back to U.S.
SHANGHAI (Reuters) – China is closely following U.S. President Donald Trump’s plans to create more domestic jobs by encouraging U.S. companies to bring home or “reshore” their overseas production, but the government will not change its overall strategy…
3G Capital’s austere empire-building weighs on Kraft’s Unilever bid
(Reuters) – Buyout firm 3G Capital managed to build a consumer empire with a market value of over $140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3G-backed Kraft Heinz Co’s $143 billion bid for Unilever Plc .
Trump pledges to protect U.S. jobs during visit to Boeing plant
NORTH CHARLESTON, S.C. (Reuters) – President Donald Trump promised to boost U.S. manufacturing and punish companies for moving jobs overseas during a visit on Friday to a South Carolina Boeing Co plant to celebrate the unveiling of its latest Dreamlin…
Exclusive: SoftBank willing to cede control of Sprint to entice T-Mobile – sources
NEW YORK (Reuters) – Japan’s SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG’s T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers, according to people familiar with the matter.
Kraft Heinz bids $143 billion for Unilever in global brand grab
LONDON (Reuters) – U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.
Citigroup cuts CEO Corbat’s pay after missing financial targets
(Reuters) – Citigroup Inc’s board of directors cut Chief Executive Officer Michael Corbat’s compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package.
Bank of America CEO Moynihan gets biggest payday yet
NEW YORK (Reuters) – Bank of America Corp’s board awarded Chief Executive Officer Brian Moynihan $20 million for his work last year, the largest pay package he has received since taking the helm of the bank in the aftermath of the 2008 financial crisi…
