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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 … See the original post: Siemens to buy Mentor Graphics in $4.5 billion deal Read More →
China says concerned about EU protectionism on steel imports
China is greatly concerned about the European Union's protectionist measures against Chinese steel products, the commerce ministry said on Saturday. The ministry was responding to the EU's latest decision to take temporary anti-dumping measures against imports of Chinese seamless steel pipes, based on preliminary Read the original here: China says concerned about EU protectionism on steel... [Read more]
Trump may already have a plan ready to revamp Dodd-Frank
When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party’s nominee, Donald Trump, could easily adopt. Now that Trump is president-elect, he appears to be doing just that. Language about financial services posted on the Trump... [Read more]
Japan car makers shuffle output, boost imports to meet U.S. SUV demand
By Naomi Tajitsu and Maki Shiraki TOKYO/MARYSVILLE (Reuters) – Japan's top automakers are shuffling their U.S. product portfolios and resorting to larger imports of popular models there as they scramble to meet booming demand for gas-guzzling SUVs and trucks in the world's No. 2 auto market. Honda Motor Co , Japan's third-largest automaker, said it will begin producing from early... [Read more]
Cyrus Mistry to remain chairman of Tata Steel: TV
NEW DELHI (Reuters) – Cyrus Mistry, who was ousted as Tata Sons' [TATAS.UL] chairman last month, will stay on as chairman of group company Tata Steel , television channel ET Now reported on Friday, citing sources. Original post: Cyrus Mistry to remain chairman of Tata Steel: TV Read More →
Exclusive: Pfizer weighs sale or spin-off of consumer health unit – sources
By Lauren Hirsch, Olivia Oran and Carl O'Donnell (Reuters) – U.S. drugmaker Pfizer Inc is evaluating a potential sale or spin-off of its consumer health division that could value the unit at as much as $14 billion, people familiar with the matter said on Wednesday. A Pfizer exit from the consumer health business, which includes lip balm Chapstick and painkiller Advil, would be one of its... [Read more]
Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands
LONDON (Reuters) – At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev , sources familiar with the matter said on Tuesday. Read the original: Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands Read More →
After $195 million in talc verdicts, J&J strives to change court
After a $67.5 million jury verdict against Johnson & Johnson on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the … See more here: After $195 million in talc verdicts, J&J strives to change court Read More →
Dollar rallies against yen, euro as FBI clears Clinton
TOKYO/SYDNEY (Reuters) – The dollar jumped early on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server. Markets have tended to see U.S. presidential Go here to see the original: Dollar rallies against yen, euro as FBI clears Clinton Read More →
Taco Bell to hire 100,000 as part of U.S. expansion
Taco Bell, which operates about 7,000 restaurants in the United States, generated revenue of about $2 billion in 2015. Taco Bell's U.S. expansion follows its plans to grow its international store base to 1,000 restaurants by 2022. The planned hiring and expansion efforts come on the heels of Yum Brands' spinoff of its China operations, the company's top profit generator, into a separate... [Read more]