Alcoa says plane, car business to be named ‘Arconic’ after split
CHICAGO (Reuters) – Metals company Alcoa Inc said on Tuesday it has decided that its valued-added business will carry the name Arconic after the firm splits in two later this year.
Moody’s says FCC internet privacy proposal could harm broad internet providers
(Reuters) – Ratings agency Moody’s Investors Services said Tuesday a proposal by U.S. communications regulators to impose privacy restrictions on broadband providers like Verizon Communications Inc , AT&T Inc , Comcast Corp and Charter Communications Inc is “credit negative.”
Auto, power firms save millions swapping copper for aluminum
LONDON/TOKYO/JUBAIL (Reuters) – Manufacturers are abandoning copper for its lighter and cheaper rival aluminum after a decade of technological innovation that is saving some companies hundreds of millions of dollars.
Convictions of first Irish bankers jailed since crisis quashed
DUBLIN (Reuters) – An Irish appeals court on Tuesday quashed the convictions of two former officials of the failed Anglo Irish Bank who last year became the first bankers to be sent to prison since the country’s financial crash.
RBS to cut 448 UK jobs in investment bank
LONDON (IFR) – Royal Bank of Scotland said 448 jobs are to go in the middle and back office of its UK corporate and institutional bank.
Teva Pharm sees close of $40.5 billion Allergan generics deal by June
TEL AVIV (Reuters) – Israel-based Teva Pharmaceutical Industries said on Tuesday it now expects its $40.5 billion acquisition of the generic drug activities of Allergan to be completed by June.
Yum Brands to open its first Taco Bell outlet in China this year
(Reuters) – Yum Brands Inc , the owner of the KFC and Pizza Hut chains, said it will open its first Taco Bell restaurant in China by the end of 2016.
VW Financial Services takes writedown for emissions scandal
FRANKFURT (Reuters) – Volkswagen’s Financial Services AG said on Tuesday it took an extraordinary writedown of 353 million euros ($391 million) to cover a potential decline in the residual value of cars in the wake of the diesel emissions cheating scan…
Indian court grants temporary relief to Abbott, Glenmark in drug ban case
NEW DELHI (Reuters) – An Indian court on Tuesday granted interim injunction to U.S. drugmaker Abbott’s India unit , and domestic companies Glenmark Pharmaceuticals and Macleods Pharmaceuticals, on the prohibition on sale of several combination drugs.
Munich Re names Joachim Wenning as CEO from April 2017
FRANKFURT (Reuters) – Munich Re has named Joachim Wenning to succeed Nikolaus von Bomhard as chief executive of the world’s largest reinsurer from April 27, 2017.
