Exclusive: Dalian Wanda clinches deal for Legendary Entertainment – source
(Reuters) – Chinese property and investment firm Dalian Wanda Group has agreed to acquire a majority stake in Legendary Entertainment, valuing the U.S. movie studio company at between $3 billion and $4 billion, according to a person familiar with the m…
Wall Street begins year sharply lower after China selloff
(Reuters) – U.S. stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown.
Asia shares stagger, yearn for China support
SYDNEY (Reuters) – Asian share markets were on the ropes for a second straight session early Tuesday as investors anxiously waited to see if Beijing can head off the latest selling stampede in Chinese stocks.
Wall Street begins year sharply lower after China selloff
(Reuters) – U.S. stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown.
Boeing wins $855 million contract for T-38C logistics support
(Reuters) – Boeing Co has been awarded a contract worth $855 million to provide “avionics component integration and contractor logistics support” for T-38C aircraft, the Pentagon said on Monday.
GM invests $500 million in Lyft, sets out self-driving car partnership
SAN FRANCISCO (Reuters) – General Motors Inc said on Monday it will invest $500 million in Lyft Inc and laid out plans to develop an on-demand network of self-driving cars with the ride-sharing service.
China stocks rout on first market day of 2016 trips national trading halt
SHANGHAI (Reuters) – China’s major stock exchanges tanked on the first trading day of the year, triggering a “circuit-breaker” that suspended equities trade nationwide for the first time and putting at risk months of regulatory work to restore market s…
GM appoints CEO Mary Barra chairman
(Reuters) – General Motors Co on Monday named Chief Executive Mary Barra as the chairman of its board, effective immediately, following a year in which Barra delivered strong financial results, quelled a shareholder uprising and put the worst of a reca…
Volkswagen faces billions in penalties as U.S. sues for environment violations
WASHINGTON (Reuters) – The U.S. Justice Department on Monday filed a civil lawsuit against Volkswagen AG for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 vehicles.
Exclusive: Norfolk Southern customers lobby regulator against CP bid
CHICAGO (Reuters) – Industry groups representing major freight customers of Norfolk Southern Corp have asked the U.S. rail regulator to reject any bid for the railroad by Canadian Pacific Railway Ltd, according to letters viewed by Reuters.
