Syngenta rejects ChemChina’s $42 billion takeover offer: Bloomberg
(Reuters) – Syngenta AG rejected ChemChina’s offer to buy the Swiss agricultural chemicals group in a deal valued at about $42 billion, citing regulatory concerns, Bloomberg reported on Thursday.
Volkswage sets end-November deadline for scandal whistleblowers
BERLIN (Reuters) – Volkswagen has set a deadline at the end of November for its whistleblower program designed to encourage workers to disclose information about the carmaker’s two emissions scandals in a move to speed up investigations.
Wall St. suffers biggest drop since September
(Reuters) – Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.
Hulu in talks to sell stake to Time Warner: WSJ
(Reuters) – Hulu is looking to sell a stake to Time Warner Inc in talks that would value the video-streaming service provider at above $5 billion, The Wall Street Journal reported.
Cisco second-quarter forecast misses on order slowdown
(Reuters) – Network equipment maker Cisco Systems Inc’s forecast adjusted profit and revenue growth for the second quarter below analysts’ estimates, citing a slowdown in order growth and weakness in its enterprise business outside the United States.
Fed officials lay case for December liftoff
WASHINGTON (Reuters) – Federal Reserve officials lined up behind a likely December interest rate hike with one key central banker saying the risk of waiting too long was now roughly in balance with the risk of moving too soon to normalize rates after s…
Amazon may export delivery lessons from India to cut costs abroad
BENGALURU, India (Reuters) – E-commerce giant Amazon.com is taking lessons learnt from its daily battles with India’s choked roads and cramped cities to some of its largest developed markets, exporting a model of cheaper deliveries and reduced warehous…
Walmart workers group plans 15-day protest leading to Black Friday
(Reuters) – A Wal-Mart Stores Inc worker group that has pushed the retailer to raise pay and benefits is launching a 15-day protest leading up to Black Friday to rekindle the fight for a $15 per hour minimum wage and more opportunities to work full tim…
Oil slumps 4 percent, nears new six-year low as glut persists
NEW YORK (Reuters) – Oil prices tumbled almost 4 percent on Thursday, accelerating a slump that threatens to test new six-and-a-half year lows, with traders unnerved by a persistent rise in U.S. stockpiles and a downbeat forecast for next year.
Blackstone to buy about $3 billion in property fund stakes from Calpers
(Reuters) – Blackstone Group LP, the world’s largest alternative asset manager, has agreed to buy about $3 billion worth of stakes in real estate funds from Californian public pension fund Calpers, a boost to its so-called secondaries business.
