Cooper shareholders set to approve $2.5 billion Apollo deal
(Reuters) – Cooper Tire and Rubber Co shareholders will likely approve on Monday the U.S. company’s $2.5 billion sale to India’s Apollo Tyres , in a transaction that is expected to create the world’s seventh-largest tyre maker.
Toshiba to cut 3,000 staff in ailing TV division
TOKYO (Reuters) – Toshiba Corp said on Monday it would cut 50 percent of staff in its loss-making TV unit and cease production at two of its three overseas factories before the end of this fiscal year.
IBM settles with U.S. Justice Department over job listings
(Reuters) – IBM has agreed to pay $44,400 in civil penalties to settle allegations that certain of its online job postings preferred foreign workers with temporary work visas over U.S. citizens, the U.S. Department of Justice said.
Shanghai free trade zone no game-changer for Hong Kong, for now
HONG KONG (Reuters) – The launch of a Shanghai free trade zone heralds a new chapter in China’s drive to promote the yuan currency but it is unlikely to pose a competitive threat to Hong Kong any time soon and could instead provide more opportunities i…
N.Y. Attorney General settles with payday loan companies
NEW YORK (Reuters) – New York Attorney General Eric Schneiderman’s office said on Monday it had reached settlements with five companies over charges of violating the state’s usury and licensed lender laws through the collection of so-called payday loan…
Twitter to make IPO filing public this week: Quartz
NEW YORK (Reuters) – Twitter Inc plans to make its IPO filing public this week, news website Quartz reported on Sunday, citing a person familiar with the social media network’s plan.
Analysis: New trial for Boeing as Norwegian demands 787 repairs
PARIS/NEW YORK (Reuters) – The brochure for Boeing Co’s aircraft repair service makes a simple assertion: “No one knows Boeing airplanes better than Boeing.”
Tokyo Electric reverses earlier losses on financing hopes
TOKYO (Reuters) – Shares of Tokyo Electric Power Co reversed early losses on Monday after a source said creditors of the operator of the crippled Fukushima nuclear plant are set to provide some $5.9 billion in financing to the embattled utility by the …
After Airbus A400M, Europe faces dearth of big defense projects
PARIS/LONDON (Reuters) – European politicians will toast the long-awaited Airbus A400M military transport plane at a ceremony in Spain on Monday, but face warnings that Europe’s largest-ever collaborative defense project may be its last for years to co…
Twitter to make IPO filing public this week: Quartz
NEW YORK (Reuters) – Twitter Inc plans to make its IPO filing public this week, news website Quartz reported on Sunday, citing a person familiar with the social media network’s plan.
