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Halliburton refiles bid for EU approval of $35 billion Baker Hughes buy
U.S. oil services provider Halliburton Co has refiled a request for EU antitrust approval of its $35 billion bid for smaller rival Baker Hughes , four months after regulators rejected an earlier application because of insufficient data. The European Commission will decide by Jan. 12 whether to clear the deal or open a full investigation… More here: Halliburton refiles bid for EU approval of... [Read more]
Musk’s Tesla faces German battle over battery-powered homes
By Vera Eckert and Christoph Steitz FRANKFURT (Reuters) – If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. The South African-born entrepreneur's company Tesla, best known for its electric cars, sparked global interest in the idea of… Read more from the original source: Musk’s Tesla... [Read more]
HSBC whistleblower Falciani sentenced to five years in prison
(Reuters) – Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday. HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen … Here is the original: HSBC whistleblower Falciani sentenced to five... [Read more]
Barclays fined for lax crime checks in ‘deal of century’
By Steve Slater and Huw Jones LONDON (Reuters) – Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the “deal of the century.” Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich... [Read more]
Thanksgiving shopping crowds ‘good not great’; online sales strong
PITTSBURGH/CHICAGO (Reuters) – Retailers across the United States offered early Black Friday discounts to lure bargain-hunters on Thanksgiving eve, but initial checks showed crowds in brick-and-mortar stores were subdued even as online sales jumped. “It's still early, and from what we are seeing so far the crowds are good but not… Original post: Thanksgiving shopping crowds... [Read more]
United Continental to offer 13 percent pay increase to pilots: Bloomberg
The 2016 increase would be followed by annual increases of 3 percent and 2 percent, Bloomberg said. Reuters reported last week that the second-largest U.S. airline by capacity and its pilots union had reached an agreement in principle to extend the labor contract that covers United's more than 12,000 pilots by two years. United's contract with the Air Line Pilots Association International... [Read more]
GM, law firm can keep ignition switch documents secret: U.S. judge
By Jonathan Stempel NEW YORK (Reuters) – General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in… Read more from the original source: GM, law firm can keep ignition switch documents secret: U.S. judge Read More →
Fed may need permanently big balance sheet, Williams says
By Ann Saphir BERKELEY, Calif. (Reuters) – The U.S. Federal Reserve and other global central banks may need to consider new tools in a world of permanently lower interest rates, including keeping big balance sheets or using negative interest rates to combat shocks, a top Fed official said … Here is the original: Fed may need permanently big balance sheet, Williams says Read More →
Some Chipotle customers say undeterred by E. coli outbreak
By Katie Reilly NEW YORK (Reuters) – Diners at Chipotle Mexican Grill locations on Saturday said freshness and convenience outweighed concerns about contamination following the news that food poisoning cases had erupted at the chain's locations in six U.S. states. Shares of the fast-casual chain tumbled 12.3 percent to an 18-month low on Friday on word that the E. coli outbreak, originally... [Read more]
Cognac makers ramp up U.S. efforts as China sips less
By Martinne Geller COGNAC, France (Reuters) – France's centuries-old cognac houses are raising their bets on the U.S. market with new products and campaigns to broaden the drink's See the rest here: Cognac makers ramp up U.S. efforts as China sips less Read More →