Business & Finance News
German agrochemicals group Bayer said on Sunday it would appeal a U.S. jury’s $265 million damages award against it and BASF in favor of a Missouri farmer who said the company’s dicamba herbicide had destroyed his peach orchards.
The head of publisher Bertelsmann said its TV arm RTL should be allowed to merge with German rival ProSiebenSat.1 , to give them a fighting chance against U.S. streaming giants.
The Brazilian unit of France’s Carrefour SA has agreed to buy 30 stores from rival retailer Makro’s Brazilian subsidiary, Makro said in a statement on Sunday.
Lebanon’s state-owned carrier Middle East Airlines (MEA) will only accept payment in U.S. dollars from Monday, the National News Agency reported, as the country grapples with a foreign currency liquidity crisis.
The U.S. government is considering whether to stop General Electric Co from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China’s efforts to enter the civil aviation market.
Toyota Motor Corp said on Saturday it plans to resume output at three of its four main auto plants in China next week.
Automakers including Daimler, Ford and Tesla are looking to resume production in China after being forced to shut factories following the outbreak of a new coronavirus.
Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook CEO Mark Zuckerberg told global leaders and security chiefs on Saturday.
Facebook Chief Executive Mark Zuckerberg said harmful online content should be regulated, adding that his company should be treated with a framework in between those used for existing media and telecoms companies.
The United States is seeking to rally European support for competitors to Huawei Technologies following disappointment in Washington over Britain’s decision to use 5G equipment made by the Chinese company.
Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days.
Spanish-language broadcaster Univision Communications Inc is in sale talks with a consortium of investors, a source familiar with the matter told Reuters on Friday.
German fund manager Allianz Global Investors is pushing every company it invests in to improve their climate-related disclosures ahead of the season for annual shareholder meetings.
Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters.
The head of the defense business of Airbus said he would start talks with labor representatives next week on job cuts, as the German-based group retrenches following setbacks with its A400M military transporter.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
