Global M&A drops in third quarter, companies wary of overpaying
(Reuters) – The value of announced mergers and acquisitions (M&A) worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year’s deal-making frenzy.
Japan’s Mitsubishi Motors to resume sales after latest cheating scandal
TOKYO (Reuters) – Japanese automaker Mitsubishi Motors Corp will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year.
Och-Ziff to pay $412 million to settle U.S. foreign bribery charges
(Reuters) – Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve U.S. probes into the hedge fund’s role in bribing officials in several African countries, U.S. authorities said on Thursday.
Germany’s Bosch sues South Korea’s Mando in U.S. on alleged patent infringements; Mando denies
SEOUL (Reuters) – German auto parts supplier Robert Bosch GmbH lodged a lawsuit in the United States against South Korean peer Mando Corp alleging infringement of four patents, a claim Mando later said was groundless, pledging to “actively respond”.
India aviation regulator lifts restrictions on new Samsung Note 7 phones
NEW DELHI (Reuters) – India has lifted restrictions placed on using and carrying Samsung Electronics Co’s Galaxy Note 7 mobile phones on commercial airplanes, but only for devices purchased after Sept. 15, 2016, the country’s aviation regulator said.
RBS unveils sweeping new structure as ring-fencing looms
LONDON (Reuters) – Royal Bank of Scotland has unveiled sweeping structural reforms ahead of new UK rules to separate its retail operations from riskier parts of its business, in an overhaul set to confine its historic RBS retail brand to Scotland.
Samsung slammed by Chinese state TV over Note 7 recall ‘discrimination’
HONG KONG (Reuters) – Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co for what it said was “discrimination” against China consumers in its handling of a global recall of Galaxy Note 7 smartphones to replace ba…
Gut feeling: new CEO to steer Nestle down uncharted health path
LONDON (Reuters) – Switzerland’s Nestle, the world’s largest food company, wants to tune up your guts.
Goldman feels the heat in Asia as IPO engine slows
HONG KONG (Reuters) – Goldman Sachs failed to make it to the upper echelon of Asia’s equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region.
China factories limp along, Japan inflation goes backwards
SYDNEY (Reuters) – China’s factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth.
