Microsoft offers EU concessions over its $26 billion LinkedIn bid
BRUSSELS (Reuters) – Microsoft has offered concessions to EU antitrust regulators over its $26 billion bid for social network LinkedIn, the European Commission said on Wednesday, as the U.S. software company seeks to allay concerns over its largest eve…
Trump-fueled risk rally shifts to Japanese bonds, euro
LONDON (Reuters) – Investors resumed the post-U.S. election trade of selling bonds and buying stocks on Wednesday after a pause earlier this week, albeit less aggressively, with Japan’s 10-year bond yield hitting its highest since February.
UBS won’t change London presence any time soon, chairman says
LONDON (Reuters) – Swiss bank UBS will not make any changes to its London operations any time soon in the wake of Britain’s vote to leave the European Union, the bank’s chair of its board of directors, Axel Weber, said on Wednesday.
Hugo Boss expects to return to growth by 2018
BERLIN (Reuters) – The new chief executive of Hugo Boss said he expects to return the struggling German fashion house to growth in 2018 as he announced plans to slim down its brand portfolio in a bid to appeal to younger customers at lower prices.
Court documents allege clashes inside RBS over 2008 toxic assets
LONDON (Reuters) – Royal Bank of Scotland bosses avoided repricing billions of dollars of souring investments on the eve of the 2008 financial crisis for fear of endangering bonuses and a takeover bid for a rival, court documents allege.
Overcapacity, competition to weigh on U.S. airfares in 2017: report
(Reuters) – U.S. airfares are expected to fall in 2017 amid overcapacity and stiff competition between budget carriers and legacy airlines, according to an American Express report on the travel industry.
Overcapacity, competition to weigh on U.S. airfares in 2017 – report
(Reuters) – U.S. airfares are expected to fall in 2017 amid overcapacity and stiff competition between budget carriers and legacy airlines, according to an American Express report on the travel industry.
Exclusive: Oil wars – how Kremlin’s $13 billion Indian deal almost fell apart
LONDON/NEW DELHI/MOSCOW (Reuters) – A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.
U.S. manufacturing groups urge Trump to think hard about trade threats
WASHINGTON (Reuters) – America’s manufacturers are urging President-elect Donald Trump to back off from his most threatening trade rhetoric and pursue a more nuanced approach to trade with China and Mexico, avoiding unilateral tariff actions and focusi…
Trump rewards loyalty, considers economic picks as he molds Cabinet
WASHINGTON/NEW YORK (Reuters) – President-elect Donald Trump closed in on naming two early Wall Street backers to key economic positions but jettisoned a national security expert from his transition team on Tuesday, a sign of the premium he places on l…
