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Novartis CEO plays down prospects for Actelion bid: Blick
Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction. Asked by Swiss Sunday newspaper SonntagsBlick The rest is here: Novartis CEO plays down prospects for Actelion bid: Blick Read More →
Separation anxiety: Trump’s management style poses challenges in Oval Office
It has proven one of Donald Trump's greatest strengths in building a worldwide luxury brand: An obsessive attention to detail, down to the curtains hanging in hotel rooms and the marble lining the lobby floor. “I'm very much involved in the details,” Trump said during a June deposition in a lawsuit stemming from his development of a Washington hotel. A former employee of the... [Read more]
Ford takes Fiesta upmarket to lift profitability
Ford wants to raise profitability in Europe by adding higher-margin versions of the Fiesta subcompact, its best-selling regional model, the carmaker's top European executive said. High-volume carmakers such as Ford have for several years been squeezed in a downmarket expansion by luxury rivals including Daimler'… The rest is here: Ford takes Fiesta upmarket to lift profitability Read More →
Exclusive: Albertsons in advanced talks to buy Price Chopper – sources
U.S. supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said on Tuesday. A deal would underscore the wave of consolidation sweeping the U.S. grocery industry, as regional chains struggle to compete against online retailers such as Amazon.com Inc , big box stores such as... [Read more]
Samsung to unveil shareholder return plans amid calls to split company
By Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd said it will disclose plans to boost shareholder value on Tuesday – a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide more in payouts. The U.S. activist hedge fund, which owns 0.6 percent of Samsung, called on the South Korean tech giant in October to divide itself into... [Read more]
Lufthansa cancels 35 flights on Sunday
Germany's biggest airline Lufthansa has canceled 35 flights on Sunday as the fallout from a four-day strike by pilots over pay spilled into a fifth day. “Almost all LH (Lufthansa) flights will operate according to schedule tomorrow. A spokesman also denied an unsourced report in Frankfurter Allgemeine Zeitung that said the airline had considered going insolvent to rid itself of the costly... [Read more]
Saudi wants OPEC to solve own problems before meeting non-OPEC
DUBAI/LONDON (Reuters) – Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first. The Nov. 28 meeting View original post here: Saudi wants OPEC to solve own problems before meeting non-OPEC Read More →
Thanksgiving sales surge online as shoppers stay home for holiday
At the start of the first holiday shopping season since the election of Donald Trump as president on November 8, U.S. consumers loosened their purse strings and spent $1.15 billion online between midnight and… Originally posted here: Thanksgiving sales surge online as shoppers stay home for holiday Read More →
U.S. factory, confidence data brighten economic outlook
New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month in the wake of the election of Donald... [Read more]
AT&T signs on Fox for DirectTV Now
(Reuters) – AT&T has signed a deal with Fox Networks Group to continue showing its networks across its offerings including its online video service, DirectTV Now, the two companies announced on Monday. Go here to read the rest: AT&T signs on Fox for DirectTV Now Read More →