Japan Tobacco agrees to buy brand rights from Reynolds American for $5 billion
(Reuters) – Japan Tobacco Inc has agreed to pay 600 billion yen ($5 billion) in cash for Reynolds American Inc’s Natural American Spirit tobacco business outside the United States, the two companies said in separate statements on Tuesday.
Commodities in crisis as Asian shares tumble and shipper files for bankruptcy
SINGAPORE/HONG KONG (Reuters) – A Japanese shipper filed for bankruptcy on Tuesday and global trading firm Louis Dreyfus posted lower profits, the latest victims of tumbling energy and raw material prices.
Commodity rout hits traders, emerging markets
LONDON (Reuters) – Shares in commodity trading firms took another tumble on Tuesday, driving global stocks to their lowest in more than two years as pressure built on raw materials prices and emerging markets.
Wizz Air raises forecast on strong summer demand
(Reuters) – Low-cost airline operator Wizz Air Holdings Plc raised its profit forecast for the year, citing strong performance during the European summer and an expanded network.
Energy Transfer to buy Williams for $33 billion after long quest
(Reuters) – Pipeline giant Energy Transfer Equity LP will buy rival Williams Cos Inc in a deal valued around $33 billion, nearly a third less than the same offer Williams had rejected in June for being too small.
Germany investigates VW’s ex-boss over fraud allegations
BERLIN (Reuters) – German prosecutors launched an investigation on Monday into fraud allegations against former Volkswagen boss Martin Winterkorn, showing their determination to get quickly to the bottom of a scandal over rigged emissions tests that ha…
Big Auto look to tech companies to fix cars over the air
SAN FRANCISCO (Reuters) – As cars increasingly resemble digital devices, a group of technology firms that can send wireless software updates to cars are in hot demand by carmakers scrambling to catch up to Tesla Motors in the arena of over-the-air upda…
Microsoft reorganizes its financial results reporting
(Reuters) – Microsoft Corp said it was changing the way it reported financial results to reflect its emphasis on cloud and mobile businesses.
JT to buy Reynolds’ Sante Fe unit, aims for deal this week: Nikkei
TOKYO (Reuters) – Japan Tobacco Inc is in the final stages of talks to buy Reynolds American Inc’s Sante Fe Natural Tobacco unit for about $5 billion, aiming to reach an agreement this week, the Nikkei business daily reported on Tuesday.
Mixed messages as Fed officials go public in force
MILWAUKEE/LOS ANGELES (Reuters) – A flurry of planned appearances this week by Federal Reserve officials began on Monday, but conflicting views
