For “zombie” Fukushima operator, fresh financing masks long-term woes
TOKYO (Reuters) – Its stock price has nearly trebled this year, its near-term debt trades at par, banks have extended credit, and an enterprise value of $83 billion – a rough guide to how much it could cost to buy – makes it Asia’s biggest listed elect…
Analysis: Canceled EU-U.S. talks complicate trade ambitions
BRUSSELS (Reuters) – Even before the cancelation of the latest round of EU-U.S. talks, negotiations to create the world’s largest free-trade deal were getting into difficulty territory.
Bargain cashmere tests thrifty Japan’s taste for little luxuries
TOKYO (Reuters) – Cashmere sweaters at Uniqlo. Gourmet coffee and ice cream at 7-Eleven. These incongruously premium offerings by two of Japan’s biggest retailers are part of a strategy to lift profit margins by enticing thrifty shoppers to splurge on …
Boehringer Ingelheim Ohio subsidiary enters consent decree
(Reuters) – Ben Venue Laboratories Inc., a unit of German drug company Boehringer Ingelheim, may not freely make or distribute drugs from its facility in Bedford, Ohio, until U.S. regulators have determined it is in compliance with good manufacturing s…
United Technologies’ Sikorsky cancels shutdown-related furloughs
NEW YORK (Reuters) – Military contractor Sikorsky Aircraft, a division of United Technologies Corp , has canceled temporary layoffs that had been scheduled to start on Monday, due to the U.S. government shutdown, spokesman Paul Jackson said on Sunday.
Global Economy: Stakes start rising over Washington gridlock
LONDON (Reuters) – The world is watching Washington’s showdown over the federal budget and debt ceiling with the same feelings of horror, disbelief and ghoulish fascination that a slow-motion car crash produces.
Exclusive: KKR nears $1 billion Crosby Group deal – sources
NEW YORK (Reuters) – Private equity firm KKR & Co LP is nearing a deal to acquire lifting equipment company Crosby Group LLC for around $1 billion, two people familiar with the matter said on Sunday.
Temasek, Sinopec approach Repsol over Gas Natural stake: FT
MADRID (Reuters) – Singapore’s sovereign wealth fund Temasek and Chinese refiner Sinopec have approached Spanish oil company Repsol over its 4.7 billion euro ($6.4 billion) stake in Gas Natural , the Financial Times reported on Sunday.
U.S. Senator: UAW in Tennessee would be VW’s ‘biggest mistake’
FRANKFURT (Reuters) – U.S. Senator Bob Corker, a Tennessee Republican, has warned it would be one of Volkswagen AG’s “biggest mistakes” to allow the United Auto Workers to represent workers at its Chattanooga, Tennessee, plant.
No plans to step down for Norilsk’s billionaire CEO
LONDON (Reuters) – When he took the helm of Norilsk Nickel last December as part of a deal that ended a long-running shareholder battle, Russian billionaire Vladimir Potanin hinted he saw himself in the job for roughly two years.
