Asia stocks near two-year high, euro steady as French vote lifts mood Asian equities hit a near two-year high on Tuesday, buoyed by a jump in risk appetite following the centrist victory in the first round of the French presidential election that also lifted the euro and pressured safe-haven assets. […]
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Not an inside job: How two analysts became SEC whistleblowers Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months. Orthofix International NV (OFIX.O) […]
East Coast refiners eye Texas oil as North Dakota alternative U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. […]
Ghosn wants Mitsubishi to reform, rules out Nissan merger A full merger of Japanese car makers Mitsubishi Motors Corp (MMC) (7211.T) and Nissan Motor Co Ltd (7201.T) is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday. "Full merger is not on the table. We want […]
T-Mobile open to merger talks, new subscribers top estimates T-Mobile US Inc (TMUS.O) is open to merger talks after a federal ban expires this week, the No. 3 U.S. wireless carrier said on Monday, as it reported stronger-than-expected subscriber growth in the first quarter. The U.S. Federal Communications Commission barred […]
LVMH, Arnault to simplify Christian Dior business structure Luxury goods group LVMH (LVMH.PA) and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. Arnault's family company said the deal was […]
Credit Suisse investors prepare to grill chairman Rohner over pay Credit Suisse (CSGN.S) Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totaling 5.65 billion Swiss francs ($5.7 billion) since 2015. Rohner, 57, is facing calls to stand down […]
Nikon files patent case against ASML, Carl Zeiss over lithography tech Japan's Nikon Corp on Monday said it has initiated legal action against ASML Holding NV and Carl Zeiss AG [CZTOP.UL], saying the Dutch and Germany companies used its lithography technology without its permission. Nikon, the world's eighth-largest chip equipment […]
ABB, IBM team up on industrial artificial intelligence ABB has sealed a collaboration agreement with International Business Machines Corp, the Swiss engineering company said on Tuesday, the latest step in its efforts to ramp up its presence in digital technology and the internet of things. In a joint statement ABB […]
Microsoft Nadella banks on LinkedIn data to challenge Salesforce Microsoft Corp (MSFT.O) is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialized business software. The improvements to Dynamics […]
