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Home2019May

Month: May 2019

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Business News

Bayer hires law firm to probe Monsanto data collection

May 21, 2019 admin Comments Off on Bayer hires law firm to probe Monsanto data collection

Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe-wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides.

…read more […]

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Business News

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

May 21, 2019 admin Comments Off on Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

From submitting their fingerprints to giving up their tax records, Wells Fargo & Co’s next chief executive will go through a vetting process that could rival that of top U.S. government officials.

…read more […]

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Business News

Huawei says it is a victim of U.S. bullying

May 21, 2019 admin Comments Off on Huawei says it is a victim of U.S. bullying

Chinese telecoms equipment maker Huawei on Tuesday said it was a victim of bullying by the U.S. administration.

…read more […]

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Business News

Merck to buy cancer drug developer Peloton for $1.05 billion in cash

May 21, 2019 admin Comments Off on Merck to buy cancer drug developer Peloton for $1.05 billion in cash

Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 billion in cash to gain access to the privately held company’s renal cancer drug candidate.

…read more […]

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Business News

Italy’s Prada to ditch some wholesalers to support full-price sales

May 21, 2019 admin Comments Off on Italy’s Prada to ditch some wholesalers to support full-price sales

Italian luxury goods group Prada said it would shrink its wholesale network in Italy and Europe in a push to have uniform prices for its products across different outlets and reduce markdowns.

…read more […]

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Business News

Home Depot same-store sales misses on cold weather, weak lumber prices

May 21, 2019 admin Comments Off on Home Depot same-store sales misses on cold weather, weak lumber prices

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday and missed Wall Street estimates, as the home improvement chain was hurt by poor weather in February and a steep fall in lumber prices.

…read more […]

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Business News

Some major Deutsche Bank investors want chairman to go early: sources

May 21, 2019 admin Comments Off on Some major Deutsche Bank investors want chairman to go early: sources

At least three major investors in Deutsche Bank want Chairman Paul Achleitner to step down early amid discontent with the bank’s turnaround, two people with knowledge of the matter said on Tuesday.

…read more […]

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Business News

Kremlin criticizes new U.S. pledge to sanction Nord Stream 2 pipeline

May 21, 2019 admin Comments Off on Kremlin criticizes new U.S. pledge to sanction Nord Stream 2 pipeline

The Kremlin said on Tuesday that U.S. sanctions on Russia’s Nord Stream 2 pipeline to Germany would be an act of unfair competition that would be seen as unacceptable in Moscow and some European capitals.

…read more […]

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Business News

Tesla stock worth just $10 in worst case: Morgan Stanley

May 21, 2019 admin Comments Off on Tesla stock worth just $10 in worst case: Morgan Stanley

Further falls in Tesla Inc’s share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just $10.

…read more […]

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Business News

Airbus pledges boxers’ counter-punch to new Boeing mid-jet

May 21, 2019 admin Comments Off on Airbus pledges boxers’ counter-punch to new Boeing mid-jet

Airbus held out the prospect of a clash over prices to counter any decision by Boeing to launch a new aircraft in the middle of the jet market, by promising a “left hook, right hook” counter-punch with two of its existing models.

…read more […]

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Business News

China rebuffs Trump claim U.S. tariffs are making firms leave

May 21, 2019 admin Comments Off on China rebuffs Trump claim U.S. tariffs are making firms leave

Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump’s claim that his tariffs are causing companies to move production away from the world’s second largest economy.

…read more […]

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Business News

Sanctions bill on Nord Stream 2 coming soon: U.S. energy secretary

May 21, 2019 admin Comments Off on Sanctions bill on Nord Stream 2 coming soon: U.S. energy secretary

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”.

…read more […]

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Business News

Big Deutsche Bank investors demand a succession plan for chairman – sources

May 21, 2019 admin Comments Off on Big Deutsche Bank investors demand a succession plan for chairman – sources

Some major investors in Deutsche Bank are demanding a succession plan for Chairman Paul Achleitner, two people with knowledge of the matter said on Tuesday, amid discontent with the bank’s turnaround.

…read more […]

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Business News

Hundreds of foreign companies attend North Korea trade fair despite sanctions

May 21, 2019 admin Comments Off on Hundreds of foreign companies attend North Korea trade fair despite sanctions

An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure.

…read more […]

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Business News

Big Deutsche Bank investors demand a succession plan for chairman Achleitner: sources

May 21, 2019 admin Comments Off on Big Deutsche Bank investors demand a succession plan for chairman Achleitner: sources

Some major investors in Deutsche Bank are demanding a succession plan for the lender’s chairman, Paul Achleitner, two people with knowledge of the matter said on Tuesday.

…read more […]

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