China’s Midea receives U.S. green light for Kuka takeover
FRANKFURT (Reuters) – China’s Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light.
Vestas’ strong 2016 finish offsets worry over Trump energy policy
COPENHAGEN (Reuters) – A spate of last-minute orders from the United States has put Danish wind turbine maker Vestas on track for its highest contract intake in six years and eased some investors’ concerns over U.S. energy policy under the incoming Tru…
Oil, equities, emerging markets end year of shocks on triumphant note
LONDON (Reuters) – Oil prices made fresh gains on Friday and were heading for their biggest annual percentage rise since 2009, with world stocks also up nearly 6 percent over the year despite concerns over China’s slowing growth and weakening currency….
Pork giant Smithfield skips middlemen in grain supply chain
CHICAGO (Reuters) – Smithfield Food Inc [SFII.UL], the world’s biggest pork producer, is buying grain elevators and purchasing grain directly from farmers, a move that hits grain handlers already reeling from multiyear lows in corn and soybean prices.
China’s Huawei sees slower revenue growth for 2016
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL], one of the world’s largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightly to 32 percent and forecast greater uncertainties next year.
Bankers cautious on outlook for global equity deals after 2016 slide
LONDON (Reuters) – Global equity raising fell by more than a quarter in 2016, data showed on Friday, hit by geopolitical shocks and a string of failed initial public offerings (IPOs), with the outlook for 2017 looking shaky.
Britain avoids M&A collapse as foreign buyers go Brexit bargain hunting
LONDON (Reuters) – Britain avoided a collapse in mergers and acquisitions activity after the shock Brexit vote as foreign companies used sterling’s spectacular devaluation against the U.S. dollar to snap up British companies, Thomson Reuters data shows…
Wall St. edges lower as bank shares fall
NEW YORK (Reuters) – Wall Street closed slightly lower on Thursday as bank shares declined in quiet holiday trading as traders looked to position for the new year.
Lockheed Martin wins $450 million Pentagon contract: statement
WASHINGTON (Reuters) – Lockheed Martin Corp has been awarded a $450 million modification to a previous contract linked to the development and delivery of F-35A aircraft to South Korea, the Pentagon said in a statement on Thursday.
Run-DMC founder sues Amazon.com, Wal-Mart over trademark
NEW YORK (Reuters) – A founder of Run-DMC on Thursday filed a lawsuit accusing Amazon.com Inc and Wal-Mart Stores Inc of selling a wide variety of clothing and accessories bearing the pioneering rap group’s name without permission.
