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U.S. FTC requires divestitures in $13.53 billion Boehringer-Sanofi deal

December 29, 2016 by · Leave a Comment 

German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle charges that a proposed asset swap with Sanofi would harm competition, the U.S. Federal Trade Commission…

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U.S. FTC requires divestitures in $13.53 billion Boehringer-Sanofi deal

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Takata could settle U.S. criminal probe next month: source

December 29, 2016 by · Leave a Comment 

Part of a settlement would include Takata pleading guilty to criminal misconduct, the source told Reuters. The Justice Department has investigated whether Takata hid information from safety regulators and issued misleading statements about the dangers posed by the air bags. Any deal would likely include a monitor to ensure Takata's compliance with the agreement, the source said.

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Takata could settle U.S. criminal probe next month: source

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U.S. refiners face severe labor shortage for deferred maintenance

December 29, 2016 by · Leave a Comment 

(Reuters) – After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but facing a severe labor shortage that could delay work, drive up costs and raise accident risks.

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U.S. refiners face severe labor shortage for deferred maintenance

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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

December 29, 2016 by · Leave a Comment 

By Richard Cowan PALM BEACH, Fla. (Reuters) – U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of a previously disclosed pledge by Japan's SoftBank Group Corp. SoftBank holds stakes in both companies and its chief, billionaire…

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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

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Formula One sale to Liberty Media to go ahead next week: auto motor und sport

September 4, 2016 by · Leave a Comment 

A sale of Formula One to Liberty Media is to go ahead next week, the sport's commercial supremo Bernie Ecclestone told German trade magazine auto motor und sport on the sidelines of the Italian Grand Prix at Monza on Saturday. The magazine said that according to Ecclestone, Liberty Media will transfer the first of two tranches of payment in the $8.5 billion…

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Formula One sale to Liberty Media to go ahead next week: auto motor und sport

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Daimler plans at least six electric car models: source

September 4, 2016 by · Leave a Comment 

German carmaker Daimler plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla and Volkswagen's Audi, a person familiar with Daimler's plans told Reuters. The maker of Mercedes-Benz cars remains on track to unveil a new electric car at the Paris

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Daimler plans at least six electric car models: source

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Delta cancels hundreds more flights, expects normal operations soon

August 10, 2016 by · Leave a Comment 

Delta, the No. 2 U.S. airline by passenger traffic, said systems that allow customer service agents to process check-ins and dispatch aircraft are now functioning normally. As of 2:30 p.m. EDT (1830 GMT), Delta said it had canceled 311 flights on the day, adding to the more than 1,600 cancellations since Monday. Another 2,540 flights departed on Wednesday, with 70 percent of them within 30 minutes of their scheduled times, the airline said.

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Delta cancels hundreds more flights, expects normal operations soon

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U.S. reviewing suspension complaints in Tesla Model S cars

June 9, 2016 by · Leave a Comment 

U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors Inc's Model S cars, a government spokesman said on Thursday. The NHTSA also said it had learned that Tesla had entered into what it called a “troublesome nondisclosure agreement” with a Tesla Model S owner who had suspension problems. A Tesla spokeswoman said she was looking into NHTSA's

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U.S. reviewing suspension complaints in Tesla Model S cars

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U.S. authorities question Citigroup about transactions in FIFA corruption probe

February 27, 2016 by · Leave a Comment 

Citigroup Inc said it has received questions from U.S. federal authorities investigating the role of financial institutions in alleged corruption and money laundering involving FIFA. In an annual filing with securities regulators on Friday, Citigroup said it

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U.S. authorities question Citigroup about transactions in FIFA corruption probe

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Qualcomm decides against breakup, says current structure best

December 15, 2015 by · Leave a Comment 

Qualcomm Inc has decided not to split into separate chipmaking and technology licensing businesses, concluding a six-month strategic review instigated by hedge fund Jana Partners. San Diego-based Qualcomm, the biggest maker of chips used in mobile phones, said on Tuesday its current structure offered unique strategic benefits that cannot be replicated. Qualcomm, whose earnings have slumped by more than 40 percent in each of the last

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Qualcomm decides against breakup, says current structure best

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