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Home2018May

Month: May 2018

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Business News

Vodafone to pay $21.8 billion for Liberty assets to boost European presence

May 9, 2018 admin Comments Off on Vodafone to pay $21.8 billion for Liberty assets to boost European presence

LONDON (Reuters) – Vodafone has agreed to pay $21.8 billion to buy Liberty Global’s assets in Germany and eastern Europe to take on rivals with a broader range of superfast cable TV, broadband and mobile services.

…read more […]

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Oil soars, dollar roars as Trump dumps Iran nuclear deal

May 9, 2018 admin Comments Off on Oil soars, dollar roars as Trump dumps Iran nuclear deal

LONDON (Reuters) – Crude oil prices jumped back to 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar continued its tireless ascent and world stocks held steady.

…read more […]

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Senators ask billionaire Icahn for refinery waiver details

May 9, 2018 admin Comments Off on Senators ask billionaire Icahn for refinery waiver details

(Reuters) – Six Democratic U.S. senators have asked billionaire investor Carl Icahn and Environmental Protection Agency Administrator Scott Pruitt to explain how an Icahn-owned refinery secured a valuable EPA exemption from the nation’s biofuels law.

…read more […]

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South Korea’s KAI says paid firm of Trump’s lawyer $150,000 for accounting advice

May 9, 2018 admin Comments Off on South Korea’s KAI says paid firm of Trump’s lawyer $150,000 for accounting advice

SEOUL (Reuters) – South Korea’s Korea Aerospace Industries Ltd (KAI) said on Wednesday it had paid $150,000 for consulting services on accounting matters to a firm set up by U.S. President Donald Trump’s private lawyer Michael Cohen.

…read more […]

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Siemens, PSA and Airbus monitoring Iran developments after Trump move

May 9, 2018 admin Comments Off on Siemens, PSA and Airbus monitoring Iran developments after Trump move

PARIS/FRANKFURT (Reuters) – Major European companies including carmaker PSA , plane manufacturer Airbus and Siemens said they were keeping a close watch on relations with Iran after President Donald Trump pulled the United States out of a nuclear deal.

…read more […]

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Novartis says ended contract with firm linked to Trump lawyer

May 9, 2018 admin Comments Off on Novartis says ended contract with firm linked to Trump lawyer

ZURICH (Reuters) – Novartis has ended a contract with a U.S. firm linked to U.S. President Donald Trump’s lawyer, Michael Cohen, and has cooperated with a special counsel looking into potential meddling in the 2016 U.S. election, the Swiss drugmaker said.

…read more […]

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U.S. exit from Iran deal puts pressure on European planemakers

May 9, 2018 admin Comments Off on U.S. exit from Iran deal puts pressure on European planemakers

PARIS (Reuters) – America’s withdrawal from the Iran nuclear accord signals the collapse of $38 billion in plane deals between Tehran and Western companies and leaves Airbus facing greater risks than arch-rival Boeing, according to people involved in the deals.

…read more […]

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Vodafone to pay $21.8 billion for Liberty assets to strengthen European presence

May 9, 2018 admin Comments Off on Vodafone to pay $21.8 billion for Liberty assets to strengthen European presence

LONDON (Reuters) – Vodafone has agreed to pay $21.8 billion to buy Liberty Global’s assets in Germany, the Czech Republic, Hungary and Romania to take on rivals with a broader offer of superfast cable TV, broadband and mobile.

…read more […]

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Vodafone agrees 18.4 billion euro deal to buy some Liberty assets

May 9, 2018 admin Comments Off on Vodafone agrees 18.4 billion euro deal to buy some Liberty assets

LONDON (Reuters) – Vodafone Group has agreed an 18.4 billion euro ($21.8 billion) deal to buy cable TV company Liberty Global’s operations in Germany, Czech Republic, Hungary and Romania.

…read more […]

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Vodafone seals $23 billion deal to buy Liberty Global assets: WSJ

May 9, 2018 admin Comments Off on Vodafone seals $23 billion deal to buy Liberty Global assets: WSJ

LONDON (Reuters) – Vodafone Group has agreed to a nearly $23 billion deal to buy operations in four European countries from John Malone’s Liberty Global, the Wall Street Journal said on Wednesday, citing Liberty CEO Mike Fries.

…read more […]

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French carmaker PSA hopes EU will take common position regarding Iran

May 9, 2018 admin Comments Off on French carmaker PSA hopes EU will take common position regarding Iran

PARIS (Reuters) – French carmaker and Peugeot-manufacturer PSA said on Wednesday that it hoped the European Union would adopt a common position on Iran, following U.S President Donald Trump’s decision to pull the U.S. out of a nuclear deal with Iran.

…read more […]

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Japan’s Recruit to buy Glassdoor for $1.2 billion in overseas push

May 9, 2018 admin Comments Off on Japan’s Recruit to buy Glassdoor for $1.2 billion in overseas push

TOKYO (Reuters) – HR services provider Recruit Holdings Co has agreed to buy Glassdoor Inc for $1.2 billion, in a deal that will give the Japanese firm access to the U.S. job-website operator’s vast database of company reviews and salary data.

…read more […]

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Hot U.S. jobs market spurs push to reach those left behind

May 9, 2018 admin Comments Off on Hot U.S. jobs market spurs push to reach those left behind

CLEVELAND (Reuters) – In Cleveland, a new road meant to cut commute times between the suburbs and a downtown medical hub has been redesigned as an “Opportunity Corridor” to bring businesses and jobs to poor neighborhoods along its way.

…read more […]

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Toyota flags lower annual operating profit on higher yen

May 9, 2018 admin Comments Off on Toyota flags lower annual operating profit on higher yen

TOKYO (Reuters) – Toyota Motor Corp on Wednesday forecast a 4.2 percent slide in operating profit for the current financial year, as it expects a stronger yen to offset slightly higher global vehicle sales and cost reductions.

…read more […]

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South Korean prosecutors raid LG’s head office in tax probe

May 9, 2018 admin Comments Off on South Korean prosecutors raid LG’s head office in tax probe

SEOUL (Reuters) – South Korean prosecutors have raided LG Group’s head office as part of a probe into alleged tax evasion by family members controlling the conglomerate, the prosecutors’ office said on Wednesday.

…read more […]

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