Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion
TOKYO (Reuters) – Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution indust…
Martin Shkreli attributes arrest to drug-price hikes: WSJ
(Reuters) – Martin Shkreli, the pharmaceutical entrepreneur facing U.S. charges of securities fraud, has said he had been the target of legal authorities for his much-criticized drug-price hikes and his over-the-top public persona, the Wall Street Jour…
Ride-hailing firm Lyft plans to raise up to $1 billion in financing: Bloomberg
(Reuters) – Ride-hailing app Lyft Inc, Uber Technologies Inc’s biggest competition in the United States, expects to raise up to $1 billion in a new round of financing, Bloomberg reported citing a Delaware state filing.
General Electric expects to announce headquarters decision in January
(Reuters) – General Electric Co expects to announce a decision next month about whether it will move its headquarters out of Connecticut, a spokesman said on Sunday.
U.S. makes arrests over Venezuelan energy corruption scheme
(Reuters) – Two men including an oil equipment supply firm executive have been arrested on charges related to an alleged scheme to corruptly secure energy contracts from Venezuela’s state-owned energy company, the U.S. Justice Department said Sunday.
Australian billionaire Crown owner quits board as Macau woes deepen
SYDNEY (Reuters) – Australian billionaire James Packer quit the board of casino giant Crown Resorts Ltd , four months after stepping down as chairman, as it grapples with falling revenue in the Asian gambling hub of Macau.
Volkswagen chairman eyes job rotation for key roles: Welt am Sonntag
FRANKFURT (Reuters) – Volkswagen plans to limit the time staff can remain in certain roles, its supervisory board chairman told a German weekly, in a step to improve oversight at the German carmaker.
Venezuela food company Polar slams detention of local Pepsi workers
CARACAS (Reuters) – Several employees of Pepsi-Cola Venezuela have been detained in an “arbitrary” manner after halting operations at one plant for lack of raw materials, according to food company Empresas Polar, which owns the local Pepsi operation.
Myanmar Beer undergoes facelift as it takes on new rivals
YANGON (Reuters) – Drinkers buying a beer at Yangon’s roadside bar shacks used to face a limited choice: more likely than not, they would order a mug of Myanmar Beer, sometimes with a shot of coarse whisky to give the light local brew an extra kick.
Martin Shkreli says securities fraud charges are ‘baseless’
NEW YORK (Reuters) – Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were “baseless and wi…
