Business News

China’s Great Wall Motor said on Monday it had signed a binding agreement to purchase a car plant from General Motors in Thailand.

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General Motors Co is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.

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Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand.

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Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses.

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U.S. printer maker Xerox Holdings Corp is hosting a dinner for HP Inc shareholders this week as it seeks investor support to overcome the personal computer maker’s resistance to its $35 billion takeover bid, according to people familiar with the matter.

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Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s board.

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A Missouri jury’s $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF has raised the stakes for the two companies as at least 140 similar cases head to U.S. courts later this year.

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New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , saying the state would not appeal a judge’s approval of the deal.

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British Airways said on Sunday its Chief Operating Officer, Klaus Goersch, and its Director of People, Angela Williams, were leaving the company.

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New York Attorney General Letitia James said on Sunday the state will not appeal a judge’s approval of the $40 billion merger between U.S. wireless carriers T-Mobile US Inc and Sprint Corp .

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France’s Alstom SA is close to clinching a deal to buy Bombardier Inc’s train business which will give the unit an enterprise value of $7 billion, according to a source familiar with the matter.

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New York Attorney General Letitia James said on Sunday the state has decided not to appeal on a court ruling approving a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp .

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A Missouri jury’s $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF has raised the stakes for the two companies as at least 140 similar cases head to U.S. courts later this year.

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A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local environmental activists.

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Lebanon’s state-owned carrier Middle East Airlines (MEA) reversed a decision to accept payment only in U.S. dollars after a backlash on Sunday, Lebanese media and an MEA source said.

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