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ExxonMobil launches bidding war for InterOil in PNG gas push
ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gasfield, winning the support of its target and topping an offer from Australia's Oil Search Ltd. The bid pits ExxonMobil, the world's biggest oil company, against Total SA, which is backing Oil Search, as the French giant looks to push forward with its planned Papua LNG... [Read more]
Paramount stake sale could hamper deal for Viacom: National Amusements
(Reuters) – Sumner Redstone's privately held movie theater company said on Friday it opposes the sale of a minority stake in Viacom Inc's Paramount Pictures, because such a transaction could hurt the chances of a deal involving all of Viacom. View original post here: Paramount stake sale could hamper deal for Viacom: National Amusements Read More →
Takata settles Florida air bag injury lawsuit
By David Shepardson WASHINGTON (Reuters) – Lawyers for a Florida woman who was left a quadriplegic after a Takata air bag inflator deployed in a 2014 crash said Friday they had settled a lawsuit against the Japanese company. The settlement was confirmed See original here: Takata settles Florida air bag injury lawsuit Read More →
Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance
NEW YORK/TEL AVIV (Reuters) – Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close “at any time,” even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. “We … See the original post here: Teva says Allergan... [Read more]
U.S. economy shows few signs of sustained inflation pressure: Fed
The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday. Wage… See the original post here: U.S. economy shows few signs of sustained inflation pressure: Fed Read More →
Financial stability should not become Fed’s third mandate: Mester
Maintaining stability in financial markets should not be an explicit goal for the Federal Reserve, which should use interest rates to head off a crisis only if more precise and better-suited tools fail, a top Fed official said on Tuesday. “If our macroprudential tools proved… More: Financial stability should not become Fed’s third mandate: Mester Read More →
Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ
Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalised on Wednesday, the… Go here to see the original: Exclusive: Japan government to cut inflation forecasts, gloomier... [Read more]
UBS chief says Swiss government is leaving banks exposed
Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sunday. Since the financial crisis, cash-strapped governments around the world have clamped down on tax evasion, with authorities investigating Swiss banks in Germany,... [Read more]
German authority would not have approved beta-phase Tesla autopilot: newspaper
Germany's Federal Office for Motor Vehicles (KBA) would not have approved the autopilot system installed on Tesla cars if the technology was still in a beta-phase version, it told German newspaper Welt am Sonntag. Tesla'… Here is the original: German authority would not have approved beta-phase Tesla autopilot: newspaper Read More →
Theranos CEO Holmes barred from operating lab for 2 years
(Reuters) – A U.S. health regulator has barred blood-testing company Theranos Inc's founder and CEO, Elizabeth Holmes, from operating a lab for at least two years, the latest blow for a company that is under scrutiny for the accuracy and quality of its tests. The Centers for Medicare & Medicaid Services (CMS)revoked a key certificate for the company's Newark, California lab, and... [Read more]