said-on-monday

Australian banks narrow focus of Apple Pay collective bargaining request

By Jamie Freed SYDNEY (Reuters) – Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia , Westpac Banking Corp , National Australia Bank Ltd and Bendigo & Adelaide Bank Ltd command two-thirds of Australia&#…

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Australian banks narrow focus of Apple Pay collective bargaining request

said-on-monday

Women executives left Yahoo amid layoffs, deal talk

Women executives left Yahoo Inc at an unusually high rate after the U.S. technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company's 2016 diversity report, released on Monday. The sharp drop comes as Silicon Valley faces pressure to diversify a workforce heavily dominated by white and Asian men. In July, it struck a …

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Women executives left Yahoo amid layoffs, deal talk

said-on-monday

GE to merge oil unit with Baker Hughes to create service giant

General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc , creating the world's second-largest oilfield services provider as competition heats up to supply more-efficient products and services to the energy industry after several years of low crude prices. The deal to create a company with $32 billion in annual revenue will combine GE's strengths in making equipment long-prized by oil producers with Baker Hughes's expertise in drilling and …

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GE to merge oil unit with Baker Hughes to create service giant

said-on-monday

EU, Canada still hope to sign trade deal after Belgian ‘Non’

Belgium declared on Monday that it could not formally back a free trade deal between the European Union and Canada because of an internal Belgian dispute, but the two sides still appeared to be holding out hopes of a summit to …

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EU, Canada still hope to sign trade deal after Belgian ‘Non’

said-on-monday

TD Ameritrade faces scrutiny over Scottrade purchase

TD Ameritrade has agreed to buy Scottrade for $2.7 billion in a deal that would bring together two of the biggest U.S. discount brokerages, but is expected to face scrutiny from regulators. In a connected deal, Toronto-Dominion Bank , TD Ameritrade's biggest shareholder, said on Monday it had agreed to buy Scottrade's banking business for $1.3 billion as it continues to ramp up its expansion in the United States. TD Ameritrade's acquisition of Scottrade combines two …

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TD Ameritrade faces scrutiny over Scottrade purchase

said-on-monday

All Hanjin Shipping chartered vessels to be returned to owners after unloading: judge

All Hanjin Shipping Co Ltd chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said on Monday. Some vessels have also been seized and some sold. The company had a total of 141 vessels, including 97 container ships as of early September.

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All Hanjin Shipping chartered vessels to be returned to owners after unloading: judge

said-on-monday

Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of “siphoning” premiums through a web of illegal shell companies, with …

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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

said-on-monday

Fed looks unlikely to hike next week after Brainard warning

The Federal Reserve should avoid removing support for the U.S. economy too quickly, Fed Governor Lael Brainard said on Monday in comments that solidified the view the central bank would leave interest rates unchanged next week. Brainard said she wanted to see a stronger trend in U.S. consumer spending and evidence of rising inflation before the Fed raises rates, and…

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Fed looks unlikely to hike next week after Brainard warning

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Nissan, dealers fined 6 million euros over antitrust practices in Spain

MADRID (Reuters) – Spanish competition regulator CNMC said on Monday that Nissan's unit in the Iberian Peninsula and several of its autodealers had been fined 6 million euros ($6.69 million) over antitrust practices.

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Nissan, dealers fined 6 million euros over antitrust practices in Spain

said-on-monday

Obama seeks to convince Asian partners that Washington will approve TPP

U.S. President Barack Obama said on Monday that U.S. trading partners in Asia did not need to be persuaded of the benefits of the Trans-Pacific Partnership, just that Washington would eventually approve the trade pact. Obama has made the 12-nation TPP the centerpiece…

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Obama seeks to convince Asian partners that Washington will approve TPP

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