Australian banks narrow focus of Apple Pay collective bargaining request
SYDNEY (Reuters) – Australian banks seeking permission from the country’s competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company’s contactle…
‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer
COVENTRY, England (Reuters) – U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and…
Volkswagen says has no plans to retain large number of temp staff
BERLIN (Reuters) – Volkswagen said it has no plans to keep a large number of temporary workers on its books following a media report saying management at the carmaker’s VW brand would retain about 2,000 of them as labor leaders and executives wrestle …
Abbott Laboratories may see boost from St. Jude’s acquisition: Barron’s
NEW YORK (Reuters) – Abbott Laboratories is likely to see its shares rise again after trading range-bound for nearly a year on the back of its $25 billion acquisition of medical device-maker St. Jude Medical, Barron’s said on Sunday.
Stada receives 3.6 billion euro offer from private equity group Cinven: FT
(Reuters) – German generic drugmaker Stada has received a 3.6 billion euro ($3.83 billion) takeover offer from private equity group Cinven, the Financial Times reported.
Macy’s could have 50 percent upside in a sale: Barron’s
NEW YORK (Reuters) – Macy’s Inc could see its shares rise by 50 percent in a potential sale, as the struggling retailer looks to turn around its business by downsizing its physical-store operations and reinvesting in its online presence, Barron’s said…
Auto CEOs want Trump to order review of 2025 fuel rules
WASHINGTON (Reuters) – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.
Ex-VW chairman refuses to testify in German emissions probe
HAMBURG/BERLIN (Reuters) – Ex-Volkswagen Chairman Ferdinand Piech, who resigned after a showdown with former chief executive Martin Winterkorn, has refused to testify to German lawmakers investigating a possible government’s role in the VW emissions s…
UAE says expects higher compliance with OPEC, non-OPEC deal
DUBAI (Reuters) – Compliance with a global supply cut deal by OPEC and non-OPEC oil producers has been high in January and that level of commitment is expected to improve over the next months, the United Arab Emirates Energy Minister said on Sunday.
South Korea prosecutor to summon Samsung’s Lee again on suspicion of bribery
SEOUL (Reuters) – South Korea’s special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country’s president.
