McDonald’s to open more than 60 restaurants in Russia in 2016
MOSCOW (Reuters) – McDonald’s plans to open more than 60 restaurants in Russia in 2016, increasing the pace of expansion from last year, after its focus on local suppliers and affordable menus has proved successful in an economic crisis.
VW’s labor leader rejects efficiency drive
BERLIN (Reuters) – Volkswagen’s labor leader has rejected a push by management for a big rise in productivity at the core autos division and said planned structural changes were causing “unease” among workers, according to an interview published on Mon…
A Hong Kong move unlikely to slash HSBC tax bill
LONDON (Reuters) – HSBC’s possible relocation to Hong Kong is unlikely to save the British bank much tax – one of its reasons for maybe moving abroad – and could actually increase its bill, a Reuters analysis of the company’s filings shows.
Siemens to buy CD-adapco for close to $1 billion: source
(Reuters) – Siemens AG , Europe’s biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter.
Johnson Controls in advanced talks to acquire Tyco: sources
(Reuters) – Johnson Controls Inc , a U.S. manufacturer of car batteries and heating and ventilation equipment, is in advanced talks to buy fire protection and security company Tyco International Plc , people familiar with the matter said.
Samsung Elec says open to M&A for home appliances business
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd will consider all possible options to grow its home appliances business including mergers or acquisitions, a senior company executive said on Monday.
Greenlight Capital to take a board seat at SunEdison: WSJ
(Reuters) – SunEdison Inc will give hedge fund Greenlight Capital a board seat after a decline in the solar company’s stock price and the departure of some senior officials, the Wall Street Journal reported on Sunday, citing people familiar with the ma…
Darling of Davos, Lagarde has second IMF term sewn up
DAVOS, Switzerland (Reuters) – The darling of the Davos political and financial elite, Christine Lagarde has a second term at the helm of the International Monetary Fund sewn up just days after nominations opened, despite facing possible trial in Franc…
After sanctions, Iranian and foreign firms await the good times
DOHA (Reuters) – A decade ago, Foad Fanaei packed his belongings and left sanction-hit Iran in the hope that the family’s engineering firm would thrive in Qatar.
Iran marks comeback with talks to buy 160 European planes
TEHRAN (Reuters) – Iran unveiled an expanded shopping list for more than 160 European planes – including 8 superjumbos – and dangled another big order in front of Boeing at Tehran’s first major post-sanctions business gathering on Sunday.
