China corruption watchdog investigating executives at Volkswagen JV
SHANGHAI (Reuters) – China’s corruption watchdog said on Tuesday it is investigating one former and one current executive at Volkswagen AG’s Chinese venture, FAW-Volkswagen Automotive Co Ltd, for “seriously violating the law.”
India regulator fines carmakers $420 million for anti-competitive practices
NEW DELHI (Reuters) – India’s pricing regulator has fined more than a dozen global and local carmakers a total of 25.5 billion rupees ($420 million) after a probe found they had engaged in anti-competitive practices in the world’s sixth largest auto ma…
Buffett to help finance Burger King’s acquisition of Tim Hortons: WSJ
(Reuters) – Berkshire Hathaway Inc chairman and CEO, Warren Buffett, is helping finance Burger King Worldwide Inc’s take over of Canadian chain Tim Hortons Inc , the Wall Street Journal reported, citing people familiar with the matter.
Japan government turns more cautious on weak factory output
TOKYO (Reuters) – Japan’s government turned slightly more cautious about factory output and flagged a risk that April’s sales-tax hike could have prolonged effects, a sign that the world’s third-biggest economy is struggling with the higher tax and fur…
Chinese antitrust regulator targets Microsoft’s web browser, media player
BEIJING (Reuters) – Microsoft Corp’s internet browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in t…
Russian food safety regulator shuts fifth McDonald’s restaurant
MOSCOW (Reuters) – Russia’s food safety watchdog has ordered the temporary closure of one of McDonald’s restaurants in Yekaterinburg in the Urals region, the fifth such closure in recent weeks, the fast food chain said on Tuesday.
Amazon snaps up live video startup Twitch for $970 million
SAN FRANCISCO (Reuters) – Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos’ resolve to transform Amazon into an Internet destination beyond its core…
Amazon snaps up live video startup Twitch for $970 million
SAN FRANCISCO (Reuters) – Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos’ resolve to transform Amazon into an Internet destination beyond its core…
Exclusive: Chevron seeks up to $1.5 billion for Canadian oil project – sources
NEW YORK (Reuters) – Chevron Corp has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, according to people familia…
Investors look for more gains as U.S. S&P 500 index hits 2,000 milestone
NEW YORK (Reuters) – The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six-year rally which has benefited many Americans from Wall Street to Main Street.
