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Sainsbury’s says Asda merger could result in some store sell-offs

LONDON (Reuters) – Sainsbury’s chief executive Mike Coupe said that it was possible that competition authorities would force some stores to be sold to allow the British supermarket chain’s proposed merger with Asda to go ahead. Sainsbury’s and Asda, the UK arm... More »

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SoftBank’s CEO clinches his biggest deal by letting go

(Reuters) – SoftBank Group Corp (9984.T) CEO Masayoshi Son has made a name for himself as the ultimate dealmaker, raising almost $100 billion for investments with his Vision Fund. Yet after four years of haggling, he has scored his biggest deal by simply letti... More »

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Deutsche Telekom leverage to increase on T-Mobile-Sprint deal

FRANKFURT (Reuters) – Deutsche Telekom (DTEGn.DE) said its leverage would increase beyond its target corridor as a result of the takeover by its unit T-Mobile US (TMUS.O) of Sprint Corp (S.N), but will return to the comfort zone in 2021. Deutsche Telekom’s adj... More »

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Democratic senators urge FCC to halt media ownership rule changes

WASHINGTON (Reuters) – More than 20 Democratic U.S. senators on Thursday urged Federal Communications Commission Chairman Ajit Pai not to approve any transfers of broadcast TV licenses as part of proposed mergers pending a federal court ruling. The 22 Democrat... More »

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Italian minister calls Vivendi ‘awful’ investor in Telecom Italia

MILAN (Reuters) – Vivendi has been an “awful” investor in Telecom Italia (TIM), Italy’s outgoing Industry Minister Carlo Calenda told daily la Repubblica on Monday, as the French media company fights to keep its grip on Italy’s biggest phone group. “I am in fa... More »

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Carl Icahn sells Tropicana casinos in $1.85 billion deal

(Reuters) – Hedge fund manager Carl Icahn is cashing out of casino business Tropicana Entertainment Inc (TPCA.PK) in a deal selling most of its properties and operations for $1.85 billion, Icahn Enterprises and the companies involved said in statements on Mond... More »

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Goldman Sachs buys personal finance start-up Clarity Money

NEW YORK (Reuters) – Goldman Sachs Group Inc bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, it said Sunday. Buying Clarity Money, a free app that helps consumers manage their personal finances, is expected to a... More »

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Russia lawmakers draft list of U.S. imports that could be banned

MOSCOW (Reuters) – Russia’s lower house of parliament is to consider draft legislation that would give the Kremlin powers to ban or restrict a list of U.S. imports, reacting to new U.S. sanctions on a group of Russian tycoons and officials. Senior lawmakers in... More »

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Volkswagen open to alliances in areas like autonomous driving

WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said the car and truck maker is open to alliances in areas like self-driving cars. Speaking in Wolfsburg, Germany, at his first news conference since being appo... More »

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Yahoo Japan to buy minority stake in cryptocurrency exchange

TOKYO (Reuters) – Yahoo Japan Corp said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange, becoming the latest major Japanese financial services provider to shrug off security concerns and join the digital money industry. Yahoo J... More »

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Micro Focus shares jump on report Elliott takes stake

LONDON (Reuters) – Micro Focus shares surged on Thursday, with traders citing a Bloomberg report that hedge fund Elliott Management has taken a stake in the UK software firm. The shares jumped as much as 12 percent to their highest in a month before swinging b... More »

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GSK slims portfolio with sale of rare disease gene therapy drugs

LONDON (Reuters) – GlaxoSmithKline is divesting its rare disease gene therapy drugs to private biotech company Orchard Therapeutics as Chief Executive Emma Walmsley makes good on her promise to prune the drugmaker’s pharmaceuticals portfolio. Financially, the ... More »

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Hedge fund Folger Hill to merge with Schonfeld

BOSTON (Reuters) – Folger Hill Asset Management, a hedge fund run by former SAC Capital Advisors LP executive Sol Kumin, will merge with Schonfeld Strategic Advisors after a period of sluggish returns. “It became clear that the best path forward for the Folger... More »

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Verifone to be taken private for $2.6 billion in cash

(Reuters) – Payments technology company Verifone Systems Inc on Monday agreed to be taken private by an investor group led by Francisco Partners for $2.58 billion in cash. Shares of the company, which makes point-of-sale payment devices, surged 52 percent in e... More »

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Philippines, Malaysia put Uber-Grab deal under anti-competition…

MANILA/KUALA LUMPUR (Reuters) – Philippines and Malaysia said on Monday they will look into whether Uber Technologies’ [UBER.UL] move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into t... More »

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Alibaba to buy remaining shares in food delivery app Ele.me

(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Monday it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd services for offline consumers. Alibaba and af... More »

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AT&T trial hears of consequences if Turner networks go dark

(Reuters) – Twelve percent of subscribers would quit their cable or satellite companies if Time Warner Inc’s (TWX.N) Turner networks were no longer available, a Massachusetts Institute of Technology marketing professor said on Thursday. John Hauser, who teache... More »

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Exchange operator CME Group to buy Britain’s NEX for $5.5 billion

LONDON (Reuters) – U.S. exchange operator CME Group has made a $5.5 billion offer to buy NEX Group to create a cross-border powerhouse for investors trading in the multi-trillion dollar foreign exchange and government debt markets. Shareholders in NEX, a finan... More »

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Activist CIAM says Ahold’s ‘poison pill’ unfair for investors

LONDON, AMSTERDAM (Reuters) – Activist investor CIAM has criticized plans by Dutch food and retail group Ahold Delhaize (AD.AS) to renew a governance structure that it said acts as a “poison pill” to potential suitors and has served to keep its share price dep... More »

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Toyota, Suzuki to produce cars for each other in India

TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world’s fifth-largest passenger car market. The agreement follows an R&D t... More »

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AT&T judge warns parties to hurry to make June 21 deadline

(Reuters) – U.S. judge Richard Leon on Wednesday warned attorneys for the Department of Justice and AT&T Inc to speed up the trial over the proposed merger of the large telecommunications company and Time Warner Inc, or risk missing the June 21 deadline to com... More »

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Russian billionaire Potanin buys 2 percent of Nornickel from…

MOSCOW (Reuters) – Russian billionaire Vladimir Potanin’s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisiona... More »

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Merkel denies delaying euro zone reforms

BERLIN (Reuters) – German Chancellor Angela Merkel on Monday denied striking an agreement with France to delay the planned proposal of euro zone reforms at a summit of European leaders this month “I have never said anything about delays,” Merkel told a joint n... More »

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DowDuPont says Andrew Liveris to step down, names CEO for new Dow

FILE PHOTO: Andrew Liveris, Chairman and CEO The Dow Chemical Company attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 17, 2017. REUTERS/Ruben Sprich (Reuters) – U.S. chemicals producer DowDuPont Inc said on Monday its Execut... More »

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German utilities overhaul supports European stocks

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 12, 2018. REUTERS/Staff/Remote MILAN (Reuters) – European shares hit their highest level in almost two weeks on Monday, boosted by gains among German utilities ... More »

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Artificial intelligence can make power firms more efficient:…

FRANKFURT (Reuters) – Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said. European utilities c... More »

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Amazon video service looking to expand Indian regional content

FILE PHOTO: Employees of Amazon India are seen behind a glass bearing the company’s logo inside its office in Bengaluru, India, August 14, 2015. REUTERS/Abhishek N. Chinnappa/File photo (This March 11 story has been refiled to reflect changed name of Zee Enter... More »

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Internet tycoon challenges Deutsche Telekom to team up on German…

FILE PHOTO: A logo of Germany’s telecommunications giant Deutsche Telekom AG is seen before the company’s annual news conference in Bonn, Germany, March 2, 2017. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – The billionaire founder of United Interne... More »

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Broadcom promises on security, Qualcomm revamps board

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake (Reuters) – Broadcom Ltd (AVGO.O) has promised not to sell critical national security assets to foreign buyers if its... More »

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Barack Obama in talks to create shows for Netflix: New York Times

(Reuters) – Former U.S. president Barack Obama is in advanced talks with Netflix Inc to produce a series of high-profile shows, the New York Times reported on Thursday, citing people familiar with the matter. Under the terms of a proposed deal, Netflix will pa... More »

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Eni backs U.S. nuclear fusion firm formed by ex-MIT researchers

FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Italian energy company Eni will conduct research with the Massachusetts Institute of ... More »

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Qualcomm asked U.S. security panel to delay shareholder meeting:…

The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman (Reuters) – Broadcom Ltd (AVGO.O) said on Monday Qualcomm Inc (QCOM.O) secretly requested an U.S. national security panel on Jan. 29 to sta... More »

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Mediaset shares fall after Berlusconi party disappoints in vote

Forza Italia leader Silvio Berlusconi gestures during a meeting in Rome, Italy, March 1, 2018. REUTERS/Alessandro Bianchi MILAN (Reuters) – Shares in Mediaset fell more than 5 percent on Monday after the party of former Italian Prime Minister Silvio Berlusconi... More »

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Broadcom return to the U.S. could be complete in mid-May: sources

FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, pl... More »

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Deason sues Xerox to allow new board nominations

FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo (Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow h... More »

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Two arrested in Japanese fast-train bid-rigging case

TOKYO (Reuters) – A Kajima Corp official and a former executive of Taisei Corp were arrested on Friday as part of an investigation into the suspected rigging of bids for a Japanese high-speed rail project, prosecutors said. Prosecutors are investigating constr... More »

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SAIC, Infineon form JV to make electric car power modules in China

FILE PHOTO: SAIC Motor Corp’s logos are pictured at its booth during the Auto China 2016 auto show in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon/File Photo FRANKFURT (Reuters) – Chinese car maker SAIC Motor Corp Ltd and German chipmaker Infineon Tec... More »

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NAFTA teams set to close telecom chapter as U.S. softens stance:…

NAFTA banner is pictured inside a hotel where the seventh round of NAFTA talks involving the United States, Mexico and Canada takes place, in Mexico City, Mexico, March 1, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – NAFTA negotiators paved the way for... More »

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Female-led investor group to buy Weinstein Co assets

FILE PHOTO – Maria Contreras-Sweet listens to remarks during her ceremonial swearing-in as Administrator of the Small Business Administration at the White House in Washington April 7, 2014. REUTERS/Kevin Lamarque (Reuters) – A former Obama administration offic... More »

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Microchip to buy Microsemi for about $8.35 billion

(Reuters) – Microchip Technology Inc said on Thursday it would buy Microsemi Corp, the largest U.S. commercial supplier of military and aerospace semiconductor equipment, for about $8.35 billion. The deal comes amid a new wave of consolidation in the semicondu... More »

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Big pharma, big data: why drugmakers want your health records

FILE PHOTO: A surgery nurse is seen beside the heart beat monitor in the operating theatre of the Unfallkrankenhaus Berlin (UKB) hospital in Berlin, Germany February 29, 2008. REUTERS/Fabrizio Bensch /File Photo LONDON (Reuters) – Drugmakers are racing to scoo... More »

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Geely covets Daimler tech with $9 billion stake, shares surge

FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song/File Photo HONG KONG/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd’s (0175.HK) shares... More »

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Geely’s Li Shufu is betting billions on global push

FILE PHOTO: Li Shufu, founder and chairman of Zhejiang Geely Holding Group, attends the Volvo’s S90 news conference in Shanghai, China November 2, 2016. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Li Shufu, chairman of Chinese carmaker Geely, is making wa... More »

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Qualcomm proposes further price talks with Broadcom

FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Chipmaker Qualcomm Inc (QCOM.O) on Monday urged Broadcom Ltd (AVGO.O) to enter into direct negotiations on its $117 bil... More »

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Buffett says Berkshire can handle $400 billion mega-catastrophe

FILE PHOTO: Berkshire Hathaway CEO Warren Buffett waits to play table tennis during the Berkshire Hathaway annual meeting weekend in Omaha, Nebraska, U.S. May 7, 2017. REUTERS/Rick Wilking/File Photo (Reuters) – A giant hurricane, earthquake or other conflagra... More »

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Trump tax cut fuels record profit for Buffett’s Berkshire

FILE PHOTO: Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting in Omaha, Nebraska, U.S., May 2, 2015. REUTERS/Rick Wilking/File Photo (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported a record ... More »

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Norway’s sovereign wealth fund buys 245 million pounds stake in…

((This Feb. 22 story corrects paragraph 4 to clarify NBIM’s partnership with Crown Estate)) By Noor Zainab Hussain and Esha Vaish (Reuters) – The sovereign wealth fund of Norway bought a 245 million pounds ($342 million) stake in British property group Shaftes... More »

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Japan’s Mizuho sees pickup in U.S. M&A lending after tax cut

FILE PHOTO: Pedestrians are reflected on Mizuho Bank’s signboard in Tokyo, Japan, January 25, 2017. Picture taken January 25, 2017. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Japan’s Mizuho Financial Group Inc (8411.T) sees a pickup in overseas lendin... More »

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Proxy advisory firm ISS says Qualcomm should negotiate sale to…

FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened... More »

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Novartis readies to auction U.S. generic pills business: sources

FILE PHOTO: The logo of Swiss drugmaker Novartis AG is seen at its headquarters in Basel, Switzerland, January 25, 2017. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Switzerland’s Novartis AG (NOVN.S) is preparing to auction its U.S. generic pill business, loo... More »

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As mining investors push caution, Glencore differs from rivals

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo TORONTO/MELBOURNE (Reuters) – As shareholders push the world’s cash-rich miners to ... More »

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Pot Pharm: Booming Canada weed sector plots next-wave medicines

A worker collects cuttings from a marijuana plant at the Canopy Growth Corporation facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie TORONTO (Reuters) – Canopy Growth Corp, one of the world’s biggest medical marijuana producers, ... More »

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Comcast mulling new bid for Fox assets: sources

FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. on November 6, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Comcast Corp is considering a new offer for Rupert Murdoch’s Twenty-First C... More »

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Qualcomm, Broadcom plan to meet on February 14: sources

A sign on the Qualcomm campus is seen, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – Qualcomm Inc (QCOM.O) and Broadcom Ltd (AVGO.O) plan to meet on Wednesday to talk about the latter’s $121 billion acquisition offer, the firs... More »

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Takata, injured drivers reach deal to end U.S. bankruptcy

The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. Picture taken February 9, 2017. REUTERS/Toru Hanai WILMINGTON, Del. (Reuters) – Takata Corp’s U.S. unit reached a settlement with its creditors, lawyer... More »

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Qualcomm warns of customer losses, legal hazards to Broadcom buyout

FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Qualcomm Inc warned... More »

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Allergan completes restructuring, pushes hard in China

FILE PHOTO: The Allergan logo is seen in this photo illustration in Singapore November 23, 2015. REUTERS/Thomas White/File Photo PARIS (Reuters) – Botox-maker Allergan (AGN.N) has embarked on a big push in China where it plans to hire 200 additional staff this... More »

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Daimler open to alliances, partial listing of mobility services

Dieter Zetsche, CEO of Mercedes car maker Daimler AG speaks during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a br... More »

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Deutsche Bank lowers 2018 cost-cutting aim on delayed divestitures

Deutsche Bank CEO John Cryan poses before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank expects its costs to decline by only 4 percent to 23 billion euros ($28.8 billion) t... More »

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SpaceX rocket launches Luxembourg satellite for NATO

CAPE CANAVERAL, Fla. (Reuters) – A SpaceX Falcon 9 rocket blasted off from Florida on Wednesday carrying into orbit a Luxembourg-made communications satellite designed in part to expand NATO’s surveillance reach and its capability to deter cyber attacks on all... More »

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Japan’s Rakuten to acquire Asahi Fire for 45 billion yen

FILE PHOTO: Pedestrians walk past a Rakuten Cafe at a shopping district in Tokyo August 4, 2014. REUTERS/Yuya Shino/File Photo TOKYO (Reuters) – Japanese e-commerce company Rakuten Inc said on Monday it would acquire Asahi Fire & Marine Insurance Co Ltd for 45... More »

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Google says invests in Indonesian ride-hailing firm Go-Jek

A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta SINGAPORE (Reuters) – Google has invested in Indonesian ride-hailing firm Go-Jek, as part of its strategy to support and participate in the growth of In... More »

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U.S. SEC files suit over possible insider trading on Bioverativ

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo (Reuters) – The U.S. Securities and Exchange Commission filed an insider trading... More »

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Italy must think of partnership with France for space: minister

MILAN (Reuters) – Italy needs to start thinking of a partnership in the space industry with France after the two countries have joined forces over the naval sector, Industry Minister Carlo Calenda said on Friday. “We now must think of a partnership in the spac... More »

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Shell buying spree cranks up race for clean energy

People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a ... More »

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Sanofi to buy U.S. haemophilia group Bioverativ for $11.6 billion

French multinational pharmaceutical company SANOFI logo seen at their headquater in Paris, France, March 8, 2016. REUTERS/Philippe Wojazer – D1AESRMWVNAA PARIS (Reuters) – French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ ... More »

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Sanofi shares fall on $11.6 billion Bioverativ takeover

PARIS (Reuters) – Shares in French drugmaker Sanofi fell on Monday after the company announced a $11.6 billion takeover of U.S. haemophilia treatment specialist Bioverativ, with some traders saying the price looked expensive. Sanofi shares were down 2.3 percen... More »