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December 13, 2019
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Exclusive: Hudson’s Bay Co’s take-private deal falls short in shareholder vote – sources

Reuters
(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday. FILE PHOTO: A pedestrian walks past a Hudson’s Bay company sign...
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Saudi Aramco hits Crown Prince’s $2 trillion goal despite valuation doubts

Reuters
RIYADH/DUBAI (Reuters) – Saudi Aramco (2222.SE) hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm’s value. Aramco’s initial public offering (IPO) is the centerpiece...
Reuters - Business

Factbox: How the North American trade deal will affect labor, environment, drugs

Reuters
(Reuters) – New amendments to the U.S.-Mexico-Canada trade agreement (USMCA) focus heavily on stronger labor enforcement, outlining a detailed process to address any allegations that Mexican factories are violating workers’ rights. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news...
Reuters - Business

Factbox: Labor, environment, drugs top changes to North American trade deal

Reuters
MEXICO CITY (Reuters) – Stronger worker and environmental protections top the changes to a new version of the North American trade deal signed by top U.S., Mexican and Canadian officials on Tuesday that clears the way for a long-delayed vote in the U.S. Congress. The full text of revisions has...
Reuters - Business

Amazon issues fix after some Blink home cameras found vulnerable to hacking

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it had issued a fix to rectify security flaws in certain of its Blink home camera systems after a cyber security...
Reuters - Business

Amazon secures top Champions League rights for Germany

Reuters
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid BERLIN (Reuters) – Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the...
Reuters - Business

Amazon lawsuit blames Trump for loss of Pentagon cloud contract

Reuters
WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) on Monday accused U.S. President Donald Trump of exerting “improper pressure” and bias that led the Department of Defense to award a lucrative $10 billion cloud contract to rival Microsoft Corp (MSFT.O). FILE PHOTO: The logo of Amazon is seen at the company logistics...
Reuters - Business

Global financial watchdogs take aim at Big Tech’s data dominance

Reuters
LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. FILE PHOTO: The Google logo is displayed outside the company offices in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid/File...
Reuters - Business

Jeff Bezos says Amazon wants to work more with the Pentagon

Reuters
SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself. FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit,...
Reuters - Business

Amazon CEO says wants to work more with Pentagon

Reuters
FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor/File Photo SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos...
Reuters - Business

Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private

Reuters
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s Bay Co (HBC.TO) to take the Saks Fifth Avenue owner private after the bid was topped by an offer from Catalyst Capital Group Inc. FILE PHOTO: U.S. flags fly outside...
Reuters - Business

Amazon websites could be added to USTR’s ‘Notorious Markets’ list: WSJ

Reuters
(Reuters) – The Trump administration is considering putting some of Amazon.com Inc’s (AMZN.O) overseas websites on a list of global marketplaces known for counterfeit goods, the Wall Street Journal reported on Friday, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen on the door of an...
Reuters - Business

SoftBank’s Son cleaves to gut-led investing in chat with Alibaba’s Ma

Reuters
TOKYO (Reuters) – Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma. SoftBank Group founder and CEO Masayoshi Son and Alibaba founder and former Chairman...
Reuters - Business

SoftBank’s Son cleaves to guts-led investing in chat with Alibaba’s Ma

Reuters
TOKYO (Reuters) – Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s (9984.T) founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s (BABA.N) co-founder Jack Ma. SoftBank Group founder and CEO Masayoshi Son and Alibaba founder and...
Reuters - Business

Saudi Aramco prices shares at top of range in world’s biggest IPO

Reuters
DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ($8.53) per share, the top...
Reuters - Business

Amazon faces U.S. antitrust scrutiny on cloud business: Bloomberg

Reuters
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond retail operations to include its cloud-computing business, Bloomberg...
Reuters - Business

France fights back over U.S. tariff threat to Champagne, cheese

Reuters
PARIS/LONDON (Reuters) – France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs followed...
Reuters - Business

Amazon designs more powerful data center chip

Reuters
FILE PHOTO: Staff chat at the front desk of the Amazon office in the Manhattan borough of New York, New York, U.S., May 1, 2019. REUTERS/Carlo Allegri (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it had designed a more powerful data center processor chip, as it looks to pose...
Reuters - Business

Factbox: France and others plan tax clampdown on digital giants

Reuters
PARIS (Reuters) – U.S. President Donald Trump’s administration threatened to impose duties of up to 100% on French imports worth $2.4 billion after it concluded a tax on digital services imposed by Paris would be “unusually burdensome” for U.S. technology companies. Paris is not alone among capitals in Europe and...
Reuters - Business

Explainer: Macron’s quest for an international tax on digital services

Reuters
PARIS (Reuters) – The United States has threatened punitive duties of up to 100% on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. technology companies. FILE PHOTO: French President Emmanuel Macron is pictured through...

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