Exclusive: China’s Sinopec in talks to buy $3 billion chemical plant shut over safety – sources
BEIJING (Reuters) – Chinese state energy giant Sinopec Corp is in advanced talks on taking a controlling stake in petrochemical firm Dragon Aromatics, which operates one of the country’s biggest chemical plants, three sources with knowledge of the matt…
Indian court convicts former Uber driver of rape
NEW DELHI (Reuters) – An Indian court on Tuesday convicted a former driver of U.S.-based ride-hailing company Uber Technologies of raping a woman passenger in New Delhi last December, a lawyer involved in the case said.
Deutsche Bank transfers $6 billion to a client by mistake: FT
(Reuters) – Deutsche Bank AG erroneously paid $6 billion (3.9 billion pounds) to a U.S. hedge fund client after a junior trader processed the wrong figure, the Financial Times reported.
Amazon says creating more than 100,000 jobs for holiday season
(Reuters) – Amazon.com Inc said it is creating 100,000 seasonal jobs across its network of fulfillment and sortation centers in the United States to meet increased customer demand during the holiday season.
Takata air bag recall probe could expand: U.S. regulator
WASHINGTON (Reuters) – U.S. regulators said on Monday they could expand their investigation into Takata Corp air bag inflators beyond 11 automakers, as questions arose about whether vehicle design played a role in the devices posing a deadly risk to th…
Morgan Stanley’s trading rout sets grim tone for fourth quarter
(Reuters) – Morgan Stanley on Monday warned that there was little hope for a quick turnaround in its key trading business given the persistence of global growth concerns that helped pummel the bank’s third quarter earnings.
Valeant CEO sees new drug pricing environment ahead
(Reuters) – Valeant Pharmaceuticals International Inc , which has been criticized for raising drug prices and is being investigated by the U.S. government, predicted on Monday that lower price increases are ahead for the whole industry.
Blackstone nears deal to buy Manhattan apartment complex for $5.3 billion – source
(Reuters) – Blackstone Group LP is nearing a deal to acquire Manhattan’s Stuyvesant Town-Peter Cooper Village apartment complex for around $5.3 billion, according to a person familiar with the matter who was not authorized to discuss it publicly.
Volkswagen diesel owners in U.S. face lost value and limbo
SAN FRANCISCO (Reuters) – As the resale value of their diesel cars drops, U.S. Volkswagen owners are stuck, unwilling to sell their polluting vehicles at a loss but lacking information on what fixes may be in store.
Oprah invests in Weight Watchers, shares double
CHICAGO (Reuters) – Media mogul Oprah Winfrey will buy a 10 percent stake in Weight Watchers International Inc , adding her celebrity and consumer appeal to a diet brand that has been shedding subscribers.
