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February 19, 2020
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Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Reuters - Business

Alstom shares fall after its $6.7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – Alstom (ALSO.PA) shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier (BBDb.TO) for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions. FILE PHOTO: A logo of Alstom is seen......
Reuters - Business

Timeline: Bombardier’s journey from Ski-Doo maker to business jet maker

Reuters
(Reuters) – Alstom SA on Monday agreed to buy Bombardier Inc’s train business for up to 6.2 billion euros ($6.7 billion), days after Airbus SE agreed to buy out Bombardier’s remaining stake in the A220 passenger jet program, helping the company improve its financial position. FILE PHOTO: The 100th Bombardier......
Reuters - Business

Alstom to buy Bombardier rail unit for up to $6.7 billion

Reuters
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet......
Reuters - Business

French government to ensure Alstom-Bombardier deal creates value: minister

Reuters
PARIS (Reuters) – The French government will make sure the acquisition of Bombardier’s train business by Alstom creates value for the European rail industry and the staff of both companies, Finance Minister Bruno Le Maire said on Monday. Le Maire also said in a statement that the planned deal will......
Reuters - Business

Alstom in talks over $7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – France’s Alstom (ALSO.PA) is in talks to buy the train business of Canada’s Bombardier (BBDb.TO) in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet trains that......
Reuters - Business

Alstom confirms talks on potential $7 billion Bombardier deal

Reuters
PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. FILE PHOTO: Trains are seen at the......
Reuters - Business

Alstom confirms talks underway to buy Bombardier Transportation

Reuters
FILE PHOTO: A logo of Alstom is seen at the Alstom’s plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – French transport infrastructure company Alstom (ALSO.PA) said on Monday it was in talks over a possible acquisition of the train business of Canadian company......
Reuters - Business

Geely Automobile in talks with Volvo to tighten ties

Reuters
(Reuters) – China’s Geely Automobile (0175.HK) said on Monday it is in early discussions with Sweden’s Volvo Car AB about combining the two businesses into a global carmaker with listings in Hong Kong and Stockholm. The logo of Chinese carmaker Geely Auto is pictured at the second media day for......
Reuters - Business

China’s Geely Automobile in talks on boosting ties with Volvo

Reuters
The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song (Reuters) – China’s Geely Automobile (0175.HK) said on Monday it is in early discussions with Swedish carmaker Volvo Car AB about combining the......
Reuters - Business

Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources

Reuters
LONDON/MONTREAL/PARIS (Reuters) – Bombardier (BBDb.TO) has approached France’s Alstom (ALSO.PA) and Japan’s Hitachi (6501.T) to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters. FILE PHOTO: A worker walks in front of a Bombardier advertising board at......
Reuters - Business

Maersk chief warns EU antitrust policy benefits China, U.S.

Reuters
COPENHAGEN (Reuters) – Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (MAERSKb.CO) warned in an interview. FILE PHOTO: Maersk CEO Soren Skou attends news conference at the company’s headquarters in Copenhagen,......
Reuters - Business

Maersk chief warns EU antitrust policy benefits China, U.S.: Finans

Reuters
COPENHAGEN (Reuters) – Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (MAERSKb.CO) warned in an interview. FILE PHOTO: Maersk CEO Soren Skou attends news conference at the company’s......
Reuters - Business

Volkswagen says its 2019 vehicle deliveries were slightly above prior year

Reuters
FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday said vehicle deliveries for 2019 were slightly above prior year, revising upward an earlier forecast which predicted annual sales to......
Reuters - Business

Factbox: From GE to media, Boeing’s new CEO

Reuters
Boeing Co appointed Chairman David Calhoun as chief executive to steer the world’s largest planemaker through a crisis after two deadly crashes led to the grounding of its best-selling 737 MAX jetliner. Source – For more click here...
Reuters - Business

Activist hedge fund Marcato Capital to shut down after drop in assets

Reuters
BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group (BX.N) and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. FILE PHOTO: Blackstone Group CEO and Co-Founder Steve Schwarzman speaks at a Reuters Newsmaker event......
Reuters - Business

Factbox: A lot of soy, a little rice – China’s historical U.S. agricultural purchases

Reuters
CHICAGO (Reuters) – The U.S. government said on Friday China would buy an additional $32 billion in U.S. farm goods over the next two years as part of an initial trade deal. FILE PHOTO: Soybeans in a field on Hodgen Farm in Roachdale, Indiana, U.S. November 8, 2019. Picture taken......
Reuters - Business

Self-driving car firms rooted in U.S. government competition

Reuters
FILE PHOTO: Ford President and CEO Jim Hackett (R) and Volkswagen AG CEO Dr. Herbert Diess (L) pose together with Bryan Salesky, chief executive officer and co-founder of Argo AI LLC at a news conference in New York City, New York, U.S., July 12, 2019. REUTERS/Mike Segar/File Photo (Reuters) –......

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