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Bayer’s Monsanto acquisition to face politically charged scrutiny

WASHINGTON D.C./NEW YORK (Reuters) – As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over… Go here to see the original:  Bayer’s Monsanto acquisition to face politically charged scrutiny  Read More →

British businesses ‘lazy and fat’, pro-Brexit trade minister says

Britain as a trading nation has become “too lazy and too fat” and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets, International Trade Secretary Liam Fox was recorded saying. Fox, who was a prominent campaigner for Britain to leave the European Union and says the country must forge new trading relationships with the rest of the... [Read more]

Samsung urges Note 7 users to switch off phones and turn them in

By Se Young Lee and Jeffrey Dastin SEOUL (Reuters) – Samsung Electronics Co Ltd on Saturday urged users of its Galaxy Note 7 phones to turn in their handsets as soon as possible as part of a recall aimed at limiting the damage caused by the fire-prone devices. The world's top smartphone maker said last week it would exchange all Note 7 phones in 10 markets including South Korea and the... [Read more]

Blackstone’s Schwarzman launches ambitious scholars program in China

When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman hit upon the idea of creating a one-year Master's … View original post here: Blackstone’s Schwarzman launches ambitious scholars program... [Read more]

Oklahoma judge OKs McClendon land sale, freeing Thunder stake

By Ben Fenwick and Jessica DiNapoli OKLAHOMA CITY/NEW YORK (Reuters) – The judge overseeing Aubrey McClendon's estate approved a land deal on Friday that will pay off one of the late energy … View original post here:  Oklahoma judge OKs McClendon land sale, freeing Thunder stake  Read More →

Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after... [Read more]

Fed’s Williams sees ‘unsustainable tension’ on pot-related banking

RENO, Nev. (Reuters) – As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tuesday. “This is a big issue for this country,” Williams said… See original here:  Fed’s Williams sees ‘unsustainable... [Read more]

Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

By David Shepardson WASHINGTON (Reuters) – Auto supplier Robert Bosch GmbH [ROBG.UL] concealed the use of Volkswagen AG's secret “defeat device” software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for American owners alleged in a court filing. The filing on Friday in U.S. District Court in San Francisco expands... [Read more]

Fed’s Williams says U.S. economy in good shape, wants rate hike

A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year. It “makes sense … See the original post here:  Fed’s Williams says U.S. economy in good shape, wants rate hike  Read More →

Nissan, dealers fined 6 million euros over antitrust practices in Spain

MADRID (Reuters) – Spanish competition regulator CNMC said on Monday that Nissan's unit in the Iberian Peninsula and several of its autodealers had been fined 6 million euros ($6.69 million) over antitrust practices. Read the original post: Nissan, dealers fined 6 million euros over antitrust practices in Spain  Read More →

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