seen-at-its

Obama officials work against time to wrap banking rules

U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and his fellow Republicans will have control of Congress and government agencies, allowing the new administration to block or roll back many of the last-minute changes. Some rules are meant to flesh out the Dodd Frank Act of 2010 designed to …

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Obama officials work against time to wrap banking rules

seen-at-its

Siemens to buy Mentor Graphics in $4.5 billion deal

Siemens agreed to buy U.S.-based Mentor Graphics in a $4.5 billion cash deal that will further enhance the German engineering group's industrial software capabilities. Siemens said on Monday it …

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Siemens to buy Mentor Graphics in $4.5 billion deal

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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal

By Hyunjoo Jin and Miyoung Kim SEOUL (Reuters) – Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean firm. The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little…

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Samsung to buy car tech firm Harman for $8 billion, South Korea’s biggest overseas deal

seen-at-its

Samsung placing product images in Youku videos, targeting Chinese viewers

By Malathi Nayak NEW YORK (Reuters) – Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content. For instance, in …

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Samsung placing product images in Youku videos, targeting Chinese viewers

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person close to the company told Reuters on Sunday. The Japanese automaker is under investigation by the transport ministry after saying last week that it overstated the fuel economy of four of its minivehicle…

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

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AIG strikes deal with Icahn, avoids proxy fight

The agreement with Icahn comes just two days ahead of AIG's deadline for shareholders to submit board candidates. Sandler O'Neill & Partners LP analyst Paul Newsome said the deal does not signal the end of the tussle between AIG's management and Icahn. AIG said it agreed to nominate Paulson, a billionaire investor and president of Paulson & Co, and Samuel Merksamer

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AIG strikes deal with Icahn, avoids proxy fight