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Takeda shareholders group say working to block $62 billion Shire deal

Global Business News Reuters - Mon, 06/11/2018 - 06:28
TOKYO (Reuters) - A group of Takeda Pharmaceutical Co Ltd shareholders is building support to block the $62 billion acquisition of London-listed Shire Plc at an extraordinary general meeting, a leading member of the group told Reuters on Monday.
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Rolls-Royce, preparing to cut thousands of jobs, says engine problem has spread

Global Business News Reuters - Mon, 06/11/2018 - 06:27
LONDON (Reuters) - Britain's Rolls-Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group that is due to cut more than 4,000 jobs this week.
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Stocks rise despite G7 clash; Italy helps euro

Global Business News Reuters - Mon, 06/11/2018 - 04:45
LONDON (Reuters) - European stocks edged higher on Monday, shrugging off the weekend's fractious G7 meeting as investors looked forward to an event-packed week while receding tensions in Italy nudged the euro towards a recent three-week high.
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KPMG fined $4.3 million in Britain over audit of Quindell

Global Business News Reuters - Mon, 06/11/2018 - 03:43
LONDON (Reuters) - Britain's accounting watchdog fined KPMG 3.2 million pounds ($4.3 million) on Monday for failings in its audit of Quindell Plc, after the legal services firm twice restated its accounts leading to heavy losses.
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White House adviser says Canada's Trudeau 'stabbed us in the back'

Global Business News Reuters - Sun, 06/10/2018 - 13:40
WASHINGTON (Reuters) - The top White House economic adviser accused Canada's prime minister on Sunday of betraying President Donald Trump with "polarizing" statements on U.S. trade policy that risked making the American leader look weak on the eve of a historic summit with North Korea.
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U.S.-Canada spat escalates, Europeans criticize Trump's G7 move

Global Business News Reuters - Sun, 06/10/2018 - 13:39
QUEBEC CITY (Reuters) - The United States and Canada swung sharply towards a diplomatic and trade crisis on Sunday as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after U.S. President Trump called him "very dishonest and weak."
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White House's Navarro says 'three strikes you're out' for ZTE

Global Business News Reuters - Sun, 06/10/2018 - 13:27
WASHINGTON (Reuters) - Chinese technology company ZTE Corp will be "shut down" in the United States if it engages in one more bad activity, White House trade adviser Peter Navarro warned on Sunday.
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Trump torpedoes G7 effort to ease trade spat, threatens auto tariffs

Global Business News Reuters - Sun, 06/10/2018 - 09:47
LA MALBAIE, Quebec (Reuters) - U.S. President Donald Trump threw the G7's efforts to show a united front into disarray after taking aim at Canadian Prime Minister Justin Trudeau, adding he might double down on import tariffs by hitting the sensitive auto industry.
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G7 agrees to fight protectionism as Trump threatens allies on trade

Global Business News Reuters - Sat, 06/09/2018 - 19:35
LA MALBAIE, Quebec (Reuters) - Leaders of the G7 nations on Saturday papered over the cracks in their alliance at a summit in Canada but came away with little more than an agreement to disagree on trade, as U.S. President Donald Trump defiantly brandished his "America First" agenda.
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UK to force big companies to publish worker to boss pay gap

Global Business News Reuters - Sat, 06/09/2018 - 19:32
LONDON (Reuters) - Britain's biggest companies will from 2020 be legally required to publish the gap between the salary of their chief executive and what they pay their average UK worker, under proposed new government rules.
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Canadian PM open to compromise on disputed NAFTA sunset clause

Global Business News Reuters - Sat, 06/09/2018 - 19:27
LA MALBAIE, Quebec (Reuters) - Canadian Prime Minister Justin Trudeau on Saturday rejected a U.S. demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact.
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German regulator found defeat devices in Daimler diesel cars: BamS

Global Business News Reuters - Sat, 06/09/2018 - 18:25
FRANKFURT (Reuters) - Germany's road vehicle authority KBA has found five "illegal switch-off devices" in Daimler car engines, newspaper Bild am Sonntag (BamS) reported on Sunday.
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With sales boom in mind, Gucci tightens grip on suppliers

Global Business News Reuters - Sat, 06/09/2018 - 15:35
FLORENCE, Italy (Reuters) - Kering's fashion powerhouse Gucci is bringing more manufacturing in-house, as luxury firms step up efforts to meet rampant demand from Chinese shoppers with slicker operations.
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Investors focusing on profit margins as rising prices, wages start to bite

Global Business News Reuters - Fri, 06/08/2018 - 22:16
NEW YORK (Reuters) - For years U.S. inflation has been the dog that did not bark, but rising prices and wages are now showing signs of squeezing profit margins across corporate America, leading investors to punish companies whose results are deteriorating.
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U.S., EU take small step on trade, but no breakthrough at G7 summit

Global Business News Reuters - Fri, 06/08/2018 - 21:26
LA MALBAIE, Quebec (Reuters) - The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said on Friday, signaling a modest step forward for bitterly divided allies at a Group of Seven summit in Canada.
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Disney animation chief, Pixar co-founder Lasseter to quit after 'missteps'

Global Business News Reuters - Fri, 06/08/2018 - 19:56
(Reuters) - Walt Disney Co animation head and co-founder of Pixar John Lasseter, regarded as a modern day Walt Disney because of his creativity and commercial success, will leave at the end of the year, the company said on Friday.
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Chevron names Brazil chief to lead Venezuela operations after arrests

Global Business News Reuters - Fri, 06/08/2018 - 18:53
RIO DE JANEIRO/HOUSTON (Reuters) - U.S. oil producer Chevron Corp has permanently assigned its Brazil country chief to run its Venezuelan operations after the months-long detention of two executives escalated tensions between the OPEC-member nation and foreign oil firms.
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Trump, Trudeau swap jokes but hold firm in trade dispute

Global Business News Reuters - Fri, 06/08/2018 - 18:24
LA MALBAIE, Quebec (Reuters) - U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau were all jokes and smiles for the media as they met at the Group of Seven leaders summit in Quebec on Friday, but neither budged on the serious trade dispute between them.
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U.S. Justice Department, AT&T await nail-biter of a court decision

Global Business News Reuters - Fri, 06/08/2018 - 18:16
WASHINGTON (Reuters) - A federal judge will decide next week whether AT&T , which owns DirecTV, will be allowed to buy Time Warner , home to CNN and March Madness basketball, for $85 billion.
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Shareholder lawsuit attacks Musk's pay, seeks to overhaul Tesla board

Global Business News Reuters - Fri, 06/08/2018 - 17:25
WILMINGTON, Del. (Reuters) - Elon Musk's multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law suit filed by a shareholder on Thursday.
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