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December 14, 2019
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Reuters - Business

Exclusive: Hudson’s Bay’s take-private deal falls short – 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...
Reuters - Business

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...
Reuters - Business

U.S. agency probes 12th Tesla crash tied to possible Autopilot use

Reuters
TFILE PHOTO: he company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch WASHINGTON (Reuters) – The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance...
Reuters - Business

Exclusive: Boeing delays plans for record 737 production until 2021 – sources

Reuters
SEATTLE/PARIS (Reuters) – Boeing Co (BA.N) has delayed plans to reach a record production rate of 57 737 jets per month next year, industry sources said on Thursday, even before the U.S. FAA announced a new delay in the 737 MAX’s return to service which raised uncertainty over production plans....
Reuters - Business

Exclusive: Malaysia’s Mahathir hopeful of 1MDB settlement with Goldman soon

Reuters
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs (GS.N) over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was too small. The Southeast Asian nation has charged Goldman and 17...
Reuters - Business

Exclusive: Hyundai’s $1.8 billion deal with Daewoo faces EU probe – sources

Reuters
FILE PHOTO: Giant cranes of Hyundai Heavy Industries are seen in Ulsan, South Korea, May 29, 2018. Picture taken on May 29, 2018. REUTERS/Kim Hong-Ji BRUSSELS (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s (267250.KS) $1.8 billion merger with rival shipbuilder Daewoo is expected to...
Reuters - Business

GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

Reuters
WARREN, Mich. (Reuters) – General Motors Co (GM.N) and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. The plant, to be built near GM’s closed...
CBS US News

Michael Bloomberg says Trump should be impeached in Gayle King interview

CBS News
Last Updated Dec 5, 2019 8:10 PM EST Democratic presidential candidate Michael Bloomberg said he thinks President Trump should be impeached, despite his prior reservations. The former New York City mayor sat down with “CBS This Morning” co-host Gayle King in Colorado on Thursday for his first TV interview since...
Reuters - Business

GM, LG Chem set $2.3 billion electric vehicle battery venture in Ohio

Reuters
WARREN, Michigan (Reuters) – General Motors Co (GM.N).and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. FILE PHOTO: A view of the entrance to...
Reuters - Business

GM, LC Chem set $2.3 billion electric vehicle battery venture in Ohio

Reuters
WARREN, Michigan (Reuters) – General Motors Co (GM.N).and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. FILE PHOTO: A view of the entrance to...
Reuters - Business

Exclusive: GM, LG Chem to announce EV battery joint venture in Ohio – sources

Reuters
FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. REUTERS/Rebecca Cook SEOUL/WASHINGTON (Reuters) – General Motors (GM.N) and South Korea’s LG Chem (051910.KS) are set to announce on Thursday a 50:50 joint venture in Ohio to make...
Reuters - Business

Exclusive: White House considered kicking Huawei out of U.S. banking system: sources

Reuters
WASHINGTON (Reuters) – The Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter. FILE PHOTO: A Huawei company logo is pictured at...
Reuters - Business

Exclusive: U.S. digs deeper into Deutsche role in Danske money laundering scandal – sources

Reuters
FRANKFURT/NEW YORK (Reuters) – The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry...
Reuters - Business

Exclusive: EU antitrust regulators say they are investigating Google’s data collection

Reuters
FILE PHOTO: A man passes a Google signage outside their office in Singapore May 24, 2019. REUTERS/Edgar Su/File Photo BRUSSELS (Reuters) – EU antitrust regulators are investigating Google’s collection of data, the European Commission told Reuters on Saturday, suggesting the world’s most popular internet search engine remains in its sights...
Reuters - Business

Exclusive: U.S. weighs new regulations to further restrict Huawei suppliers – sources

Reuters
WASHINGTON (Reuters) – The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipment maker, two sources said. The U.S. Commerce Department in May...
Reuters - Business

Exclusive: Brazil, China, UAE firms in second round of bids for Petrobras refineries – sources

Reuters
SAO PAULO (Reuters) – Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter. FILE PHOTO:...
Reuters - Business

Exclusive: Big four auditors face investor calls for tougher climate scrutiny

Reuters
LONDON (Reuters) – European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis. Natasha Landell-Mills, head of stewardship at Sarasin & Partners, poses...
Reuters - Business

Exclusive: Facing U.S. sanctions, Venezuela offers suppliers payment in Chinese yuan – sources

Reuters
CARACAS (Reuters) – Venezuela’s government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said. FILE PHOTO: A man walks past a closed gas station of the state oil company PDVSA in San...
Reuters - Business

Exclusive: Amazon’s cloud unit readies more powerful data center chip – sources

Reuters
(Reuters) – Amazon.com Inc’s (AMZN.O) cloud computing unit has designed a second, more powerful generation of data center processor chip, two sources familiar with the matter told Reuters, the latest sign that the company is pouring money into custom silicon for its fastest-growing business. FILE PHOTO: The logo of Amazon...
Reuters - Business

U.S.-based chip-tech group moving to Switzerland over trade curb fears

Reuters
SAN FRANCISCO/WASHINGTON (Reuters) – A U.S.-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland after several of the group’s foreign members raised concerns about potential U.S. trade curbs. FILE PHOTO: Technology on display at Huawei’s headquarters in Shenzhen, Guangdong province, China May 29, 2019....

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