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Syngenta rejects $42 billion ChemChina offer: Bloomberg

(Reuters) – The world's largest agrichemicals company, Syngenta AG , has rejected a $42 billion takeover offer by state-owned China National Chemical Corp, Bloomberg reported on Thursday, lifting Syngenta's shares. Syngenta is under…

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Syngenta rejects $42 billion ChemChina offer: Bloomberg

VW brand sales fall 5.3 percent in first full month of scandal

BERLIN (Reuters) – Volkswagen brand sales fell 5.3 percent in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States. Deliveries of VW brand vehicles dropped to 490,000 cars from 517,400 a year ago, the eighth straight monthly drop at VW's biggest autos division by sales and revenue, the carmaker said on Friday. “The VW brand is experiencing challenging times,” sales chief Juergen Stackmann said. “We not only

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VW brand sales fall 5.3 percent in first full month of scandal

J.C. Penney sales beat, helped by home goods and Sephora

Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion.

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J.C. Penney sales beat, helped by home goods and Sephora

U.S. retail sales weak; inflation pressures remain subdued

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. Weak inflation and signs of slowing consumer spending could complicate the Federal Reserve's decision next month whether to …

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U.S. retail sales weak; inflation pressures remain subdued

Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd's total value of goods transacted during its Singles' Day shopping festival was 91.2 billion yuan ($14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday. The results are preliminary and unaudited, Alibaba said. Six years ago, Alibaba turned Nov. 11 into China's equivalent of United

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Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

Oil prices edge away from two-month low, but market outlook stays weak

By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices edged away from over two-month lows in early Thursday trading, after a sharp slide on concerns the market would take much longer than many anticipated to rebalance as supplies far outstrip demand. Internationally traded Brent crude futures were at $46.18 a barrel, up 37 cents following a 3.4-percent fall the previous day. “Rising U.S. inventories continue to remain a major theme driving crude oil prices … Iraq is also increasing pressure on U.S. shale producers.

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Oil prices edge away from two-month low, but market outlook stays weak

Blackstone to take minority stake in NCR Corp: source

(Reuters) – Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia-based NCR plans to announce details of the deal with Blackstone, the world's largest private equity firm, by Thursday, the source said, asking not to be identified ahead of any official announcement. Blackstone declined to comment, while NCR did not respond …

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Blackstone to take minority stake in NCR Corp: source

Facebook reports spike in government requests for data

By Yasmeen Abutaleb and Sudarshan Varadhan SAN FRANCISCO/BANGALORE (Reuters) – Facebook Inc said in a report on Wednesday that government demands for its user data surged in the first half of 2015, taking a trend that began at least two years ago when the company …

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Facebook reports spike in government requests for data

Asia shrugs off losses, Aussie spikes on jobs data

By Lisa Twaronite TOKYO (Reuters) – Asian shares shrugged off early losses as crude oil prices pulled away from their overnight lows, while the Australian dollar grabbed the spotlight and surged after a much stronger-than-expected employment report. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 percent, erasing its early modest losses. The S&P/ASX 200 index was down

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Asia shrugs off losses, Aussie spikes on jobs data

U.S. Air Force defends bomber competition process

U.S. Air Force Secretary Deborah James defended on Tuesday the process that selected Northrop Grumman Corp to build the next-generation U.S. bomber, saying it was “very deliberate” and included a number of independent reviews. James said the Air Force stood by its decision, announced last month. GAO is due to rule on the issue by Feb. 16, 2016.

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U.S. Air Force defends bomber competition process

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