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Cartel or talking shop? OPEC awaits Saudi ruling
DUBAI/LONDON (Reuters) – For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues. Unlike his predecessor Ali al-Naimi, Falih may not have much time for OPEC. For oil-price hawks such View original post here: Cartel or talking shop? OPEC awaits Saudi ruling Read More →
Mitsubishi Motors brings in new R&D chief, restates results after scandal
Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Nissan is preparing to take a controlling one-third stake in Mitsubishi, which is reeling from its third scandal in two decades. Mitsubishi has seen over $3 billion wiped off its... [Read more]
EU regulators clear $100 billion-plus AB InBev, SABMiller deal
The world's largest brewer Anheuser-Busch InBev gained EU antitrust approval on Tuesday for its $100 billion-plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe. Reuters was the first to report that AB InBev's concessions to sell substantial assets would secure the EU green light for one of the largest corporate takeovers ever.... [Read more]
Ford seeks partnerships as it looks beyond car-making
By Joseph White DETROIT (Reuters) – Ford Motor Co Chairman Bill Ford said on Monday the automaker would look for more partnerships with other companies as it moves to expand beyond manufacturing and selling cars and trucks. “You’ll see a lot of partnerships, a lot more than you… Original post: Ford seeks partnerships as it looks beyond car-making Read More →
Viacom says its board has not had access to Redstone
Viacom Inc said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul. Viacom's criticism of Shari Redstone comes a day See original here: Viacom says its board has not had access to Redstone Read More →
Exclusive: Suppliers question Tesla’s goals for Model 3 output
By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned – an… View original here: Exclusive: Suppliers question Tesla’s goals for Model 3 output Read More →
Apple boss Cook to tap Indian software talent during maiden visit
By Himank Sharma and Rupam Jain MUMBAI/NEW DELHI (Reuters) – Apple Inc is set to announce plans to expand its Indian software development center and build an accelerator program for local start-ups, two sources aware of the investment said on Tuesday, hours before Chief Executive Tim Cook's maiden visit. Cook, who… Here is the original: Apple boss Cook to tap Indian software talent... [Read more]
Home Depot raises forecasts after strong start to the year
“After last week's dismal set of retail trading updates, Home Depot provides some much needed relief and also an indication of where consumers are spending their money,” Håkon Helgesen, an analyst at research firm Conlumino, said in a note. Home Depot said its strong start to the year was helped by “week-to-week demand spikes caused by weather variability,” which added... [Read more]
Sumner Redstone has power to remove Viacom CEO from his trust
Sumner Redstone has the power to remove Viacom Inc Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter. There is no evidence that Sumner Redstone is considering replacing Dauman. Shari Redstone, who sits on Viacom's board, voted against Dauman's... [Read more]
Norway’s wealth fund to sue Volkswagen over emissions scandal
(Reuters) – Norway's sovereign wealth fund, the world's largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker's emissions scandal. “Norges Bank Investment Management intends to join a legal action against Volkswagen arising Here is the original: Norway’s wealth fund to sue Volkswagen over emissions... [Read more]