Business News
Air France KLM shares rise on hopes of union pay deal10/18/2018 10:17:58 AM Air France KLM shares rose on Thursday, which traders attributed to a report on the website of business publication La Tribune that Air France would put forward a pay agreement proposal to unions later this week.Indonesia raids home of Lippo Group deputy chairman in bribery probe10/18/2018 9:33:18 AM Indonesia's anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the conglomerate's $21 billion Meikarta real estate project.'Enough excuses!' France's Le Maire grows impatient over GAFA tax10/18/2018 9:23:17 AM Europe has talked long enough about whether to make internet giants like Google , Apple and Facebook pay more taxes and it is time for a decision, French Finance Minister Bruno Le Maire said on Thursday.Dollar stands tall, stocks fall after hawkish Fed minutes10/18/2018 9:22:44 AM The dollar rose to a one-week high on Thursday and stocks edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets.Google to charge smartphone makers for Google Play in Europe10/18/2018 9:18:32 AM Alphabet Inc's Google on Tuesday revamped how it distributes its mobile apps in the European Union, introducing a licensing fee for device makers to access its app marketplace in a response to regulators' findings that it had broken antitrust law.Exxon Mobil bets big on China LNG, sidesteps trade war10/18/2018 9:18:30 AM In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs.Hacked, scammed and on your own: navigating cryptocurrency 'wild west'10/18/2018 8:33:23 AM When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens' issuer, the Berlin-based technology group IOTA.Takeda gets Japanese approval for $62 billion Shire purchase10/18/2018 8:27:36 AM Takeda Pharmaceutical Co Ltd said on Thursday Japan's Fair Trade Commission had approved its $62 billion acquisition of Shire Plc , bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker.UK fashion retailer New Look to exit China, close 120 stores10/18/2018 8:26:36 AM British fashion group New Look is to exit China and will close its remaining 120 stores there by the end of the year, it said on Thursday.Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa10/18/2018 7:38:08 AM Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid.VW to offer buyer incentive for scrapping older German diesels10/18/2018 7:17:29 AM Volkswagen on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities.Dividend windfall: Santander latest target in Germany's giant fraud probe10/18/2018 5:59:26 AM Spain's Santander is the latest bank to be caught up in Germany's biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros.Trade off: China soybean imports set for biggest drop in 12 years amid tariff conflict10/18/2018 3:59:56 AM China's soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war and high domestic stockpiles.U.S. Senate panel wants to question Hyundai, Kia over engine fire reports10/18/2018 2:42:10 AM The Senate Commerce Committee's Republican chairman and ranking Democrat said on Wednesday they had asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from the Korean automakers.Story on Zhoushan in talks with Exxon Mobil on ethylene plant withdrawn10/18/2018 2:28:40 AM The story headlined 'China's Zhoushan city woos Exxon Mobil for a $7 bln ethylene plant' is withdrawn. The provincial government has withdrawn its original statement issued on Wednesday because it was not factually correct, an official told Reuters. There will be no replacement story.China's Geely 'corrects' rumors about presidential family ties10/18/2018 2:10:07 AM Chinese carmaker Geely Automobile Holdings Ltd , long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman's wife was related to Chinese President Xi Jinping.Facebook tentatively concludes spammers were behind recent data breach: WSJ10/18/2018 1:26:02 AM Facebook Inc has tentatively concluded that spammers looking to make money, and not a nation-state, were behind the largest-ever data theft at the social media company, the Wall Street Journal reported on Wednesday.Alcoa's profit beat fueled by rising alumina prices, shares rise10/17/2018 10:46:00 PM Top U.S. aluminum producer Alcoa Corp reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices.At Facebook, public funds join push to remove Zuckerberg as chairman10/17/2018 10:35:02 PM Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers.Corona maker's CEO Rob Sands to step down, insider to replace him10/17/2018 10:31:44 PM Constellation Brands Inc's Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry.