Keystone XL’s builder faced darkening prospects
(Reuters) – Faced with dimming prospects for approval, the Canadian company behind the proposed Keystone XL pipeline chose to plead with the U.S. government for a delay on its fate, signaling that prolonged uncertainty is preferable to rejection of the…
Exclusive: EU to clear $37 billion Avago, Broadcom deal without conditions – sources
BRUSSELS (Reuters) – U.S. chipmaker Avago Technologies is set to win unconditional approval by the European Union’s competition regulators for its proposed $37 billion takeover of Broadcom Corp , two people familiar with the matter said on Tuesday.
VW’s new CEO under pressure as emissions scandal hits Porsche
BERLIN/FRANKFURT (Reuters) – Volkswagen was facing fresh questions on Tuesday after U.S. regulators widened their accusations of emissions- test cheating against the German carmaker to include the luxury Porsche brand previously run by its new CEO.
Shell says can make BG deal work despite weak oil price
LONDON (Reuters) – Royal Dutch Shell sought to ease investor concerns over its planned $70 billion takeover of BG Group , announcing plans for further benefits and cost cuts aimed at making the deal work with an oil price in the mid-$60s a barrel.
Crude oil recovers off lows but glut keeps lid on gains
LONDON (Reuters) – Oil recovered off earlier lows on Tuesday, but stayed well below $50, pressured by a glut in supply and worries about a fragile demand outlook.
Tech boom eases world stocks to two-and-a-half-month high
LONDON (Reuters) – A 15-year high for tech stocks on the Nasdaq helped world shares to a 2-1/2 month peak on Tuesday, though more engine trouble for Volkswagen and a $5.1 billion cash call by Standard Chartered left Europe feeling flat.
Exclusive: Dell eyes $10 billion asset sales ahead of EMC merger – sources
NEW YORK (Reuters) – Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp , according to people familiar with the matter.
Wall St. climbs, led by energy, healthcare; Nasdaq 100 hits 15-year high
(Reuters) – U.S. stocks added to their recent run with gains across all sectors on Monday, led by increases in the beaten-down energy group and the acquisition-driven healthcare industry.
Over 40 percent of China’s online sales counterfeit, shoddy: Xinhua
SHANGHAI (Reuters) – More than 40 percent of goods sold online in China last year were either counterfeits or of bad quality, the official Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector…
Valeant sends letter to doctors, seeks to reassure over pharmacy ties
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc sought to reassure doctors on Monday that the company’s decision to cut ties to a controversial specialty pharmacy would not disrupt doctors’ ability to prescribe the company’s drugs to pat…
