Guggenheim says it is cooperating with SEC investigation Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission. “We are cooperating fully with the SEC’s investigation of our subsidiary,” the statement read, […]
Business
Business
J&J Baby Powder litigation takes new focus with asbestos claims A $117 million verdict against Johnson & Johnson (JNJ.N) and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J’s Baby Powder could open a new front for thousands of cases […]
Boiled frog syndrome’: Germany’s China problem Bauer, a big producer of construction equipment, is better placed than many German companies that invested heavily in China over the past few decades. The Bavaria-based firm, which traces its roots back to 1790, does not have to worry about keeping a Chinese joint […]
Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources U.S. chipmaker Qualcomm (QCOM.O) will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors (NXPI.O), sources said, giving regulators more time to decide on the deal and […]
AirAsia X won’t buy ‘too expensive’ Airbus A350: co-group CEO Malaysia’s AirAsia X Bhd (AIRX.KL) has no plans to buy the Airbus SE (AIR.PA) A350 widebody jet, the airline’s co-group CEO said on Monday, despite the airline having 10 of them on order. “The A350 is not an aircraft we […]
Bond yields rise, oil prices drop after Syria strikes Oil prices fell sharply and government bond yields rose on Monday on expectations that the weekend’s missile attacks on Syria would not mark the start of greater Western involvement in the conflict. European shares were broadly flat, however, adding to a […]
Domino’s unveils pizza delivery ‘hotspots’ as competition rages Domino’s Pizza Inc (DPZ.N) is ramping up the food delivery wars, adding online ordering for more than 150,000 new delivery “hotspots” at U.S. parks, beaches and other destinations that do not have traditional addresses. Executives say the move opens new sales opportunities […]
Oil prices drop as fears about Syria strikes fallout wane Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend. The United States, France and Britain launched 105 missiles on […]
Exclusive: Walmart close to buying majority of India’s Flipkart Walmart Inc (WMT.N) is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with […]
Toyota’s Hino, VW’s truck unit tie up to reduce R&D costs The truck units of Toyota Motor (7203.T) and Volkswagen AG (VOWG_p.DE) are forming an alliance to bolster their market positions as commercial vehicle makers face growing costs to develop lower-emission vehicles and automated driving capabilities. The strategic tie-up of […]
