Business & Finance News
FRANKFURT (Reuters) – Uniper’s supervisory board on Wednesday urged shareholders to reject a motion by activist investor Elliott to launch a probe into whether management sought to block the sale of a major stake to Fortum , in a deal it opposes.
BERLIN (Reuters) – Adidas can declare itself the winner over arch rival Nike in the upcoming soccer World Cup even before the first match kicks off as it is kitting out the most teams.
(Reuters) – U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but income tax cuts are likely to boost activity this year.
(Reuters) – Twenty-First Century Fox Inc will hold a special meeting on July 10th for its stockholders to vote on a proposed merger with Walt Disney Co , the company said on Wednesday.
SINGAPORE/KUALA LUMPUR (Reuters) – AirAsia Group Bhd shares plunged on Wednesday after federal police in India filed a case against the airline accusing it of corruption – a probe that threatens to delay its India unit’s IPO plans and international expansion.
(Reuters) – U.S. stock index futures rose on Wednesday, suggesting a respite from a steep selloff that had pushed the S&P and the Dow Jones Industrial Average to their worst day in a month due to a political crisis in Italy.
FRANKFURT (Reuters) – Lufthansa did not make any additional profit on domestic German routes after the collapse of local rival Air Berlin, and prices did not go up by as much as determined by the cartel office, an executive at the airline said on Wednesday.
PARIS (Reuters) – French aerospace firm Safran is sticking to production targets for the LEAP jet engine, but is still unwilling to back proposals for higher output from Airbus and Boeing until it is convinced its own suppliers can keep up, its chief executive said on Wednesday.
OTTAWA/HOUSTON (Reuters) – U.S. energy firm Kinder Morgan’s C$4.5 billion sale of an oil pipeline to Canada’s government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials.
BEIJING (Reuters) – China lashed out on Wednesday at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross.
TOKYO (Reuters) – Tesla Inc’s battery cell supplier Panasonic Corp said on Wednesday it is aiming to develop automotive batteries without using cobalt in the near future amid soaring prices of the key battery ingredient.
(Reuters) – Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP , using the same formula as in the 1980s when he transformed a little-known shell company into the world’s biggest advertising group.
LONDON (Reuters) – Italy’s political crisis and renewed trade war fears sent world stocks lower for the sixth day in a row, though hopes that Italy could avoid a new election helped European markets stage a mini-bounce from one of their worst selloffs in years.
BEIJING/SHANGHAI (Reuters) – China lashed out on Wednesday at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross.
(Reuters) – Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP , using the same formula as in the 1980s when he transformed a shell company into the world’s biggest advertising group.
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