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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…

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Ford seeks partnerships as it looks beyond car-making

Tribune gets $70.5 million investment from billionaire Soon-Shiong

Tribune also rejected Gannett Co Inc's latest takeover offer, but said on Monday that it would allow the publisher of USA Today access to some confidential corporate information. Los Angeles-based Soon-Shiong, through his fund Nant Capital LLC, will hold about 12.9 percent in Tribune and join the publisher's board as vice chairman on June 2. Soon-Shiong, a South African-born surgeon, is part-owner of the Los Angeles Lakers basketball team and a founder of two drug companies, which…

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Tribune gets $70.5 million investment from billionaire Soon-Shiong

Fed’s Bullard: rates too low for too long could be risky

U.S. interest rates being kept too low for too long could cause financial instability in future and stronger market expectations for a rate rise are “probably good”, St. Louis Federal Reserve President James Bullard said on Monday. A relatively tight labor market in the United States may also exert upward pressure on inflation, raising the case for higher interest rates, Bullard added. “I do worry that keeping rates too low for too long could feed into future financial instability even if it…

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Fed’s Bullard: rates too low for too long could be risky

Bayer defies critics with $62 billion Monsanto offer

By Ludwig Burger and Georgina Prodhan FRANKFURT (Reuters) – German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry. Monsanto Co's stock rose 5 percent to $106.61 by midday trade on the New York Stock Exchange – well below Bayer's offer price, in a sign that it faces a tough task …

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Bayer defies critics with $62 billion Monsanto offer

Dean Foods’ Davis said he threw phone in creek to hinder FBI

By Nate Raymond NEW YORK (Reuters) – Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI …

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Dean Foods’ Davis said he threw phone in creek to hinder FBI

U.S., Japan disagreement on yen moves overshadows G7 meeting

By Leika Kihara and Tetsushi Kajimoto SENDAI, Japan (Reuters) – The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a Group of 7 finance leaders' gathering in the Asian nation. Japan and the United States are at logger-heads over currency policy with Washington…

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U.S., Japan disagreement on yen moves overshadows G7 meeting

How old-school factories stay alive in China’s south

Squeezed by high costs and unpredictable demand, some factories in southern China's manufacturing heartland are turning to a new strategy to survive: hiring workers by the day. It is a far cry from Beijing's vision of a slick, hi-tech manufacturing future of computers and chip makers: on a warm morning in the southern town of Shiling, dozens of workers gather on a city street to haggle for a day of work making bags for $20 …

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How old-school factories stay alive in China’s south

Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

By Nick Brown SAN JUAN (Reuters) – Hedge funds who own debt at Puerto Rico's Government Development Bank are accusing the bank and the island's governor of giving preferential treatment to local creditors under a law designed to restructure GDB's debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month. A bondholder group that includes hedge funds Brigade, Claren Road and Fir Tree updated an existing lawsuit against the bank and Governor Alejandro Garcia Padilla late Friday…

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

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

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Viacom says its board has not had access to Redstone

VW board tried to dilute Lower Saxony influence: Der Spiegel

FRANKFURT/HAMBURG (Reuters) – A power struggle erupted on Volkswagen's supervisory board after the owning Porsche and Piech families joined representatives from Qatar in what proved to be a failed attempt to

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VW board tried to dilute Lower Saxony influence: Der Spiegel

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