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Actelion shares gain on report of progress in Sanofi talks
Swiss biotech group Actelion's shares rose by more than 3 percent on Wednesday following a report that talks with Sanofi are making progress, increasing optimism that the two will strike a deal. Analysts at Basler Kantonalbank and Thurguaer Kantonalbank Originally posted here: Actelion shares gain on report of progress in Sanofi talks Read More →
Rolls-Royce denies UK media report over past Iran sales
British engineering company Rolls-Royce denied a report in The Guardian newspaper on Wednesday that it had in the past sold equipment to Iran by exploiting a series of loopholes in U.S. sanctions. “Rolls-Royce refutes any accusation that it has traded 'in secret' in Iran or that it circumvented U.S. sanctions,” said a Rolls-Royce spokesman in an emailed statement. “We conduct... [Read more]
Nissan, Renault, Mitsubishi to share electric car platform: Nikkei
Nissan Motor Co , Renault SA and Mitsubishi Motors Corp will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said. The strategy comes as auto giants Volkswagen AG and Toyota Motor Corp are also aiming to mass-produce battery electric vehicles amid tightening emissions and fuel-economy regulations around... [Read more]
Facebook underreported iPhone traffic for some publishers
(Reuters) – Facebook Inc said it had underreported the number of views on iPhone of content published by some publishers using its Instant Articles platform between Sept. 20 and Nov. 30. Publishers make money through ads on their posts. Facebook said on Friday that Read the original: Facebook underreported iPhone traffic for some publishers Read More →
Sumner Redstone to step down from Viacom board
Controlling shareholder Sumner Redstone will step down from the Viacom board of directors after the company's annual meeting in February, according to a company filing on Friday. The ailing, 93-year old Redstone, who has not attended an annual investor meeting since 2014, will continue to participate in meetings in a “non-voting” role, according to the filing. It was Redstone's... [Read more]
Australia’s Crown Resorts leaves Las Vegas, sells down Macau
By Byron Kaye and Jonathan Barrett SYDNEY (Reuters) – Australia's No. 1 casino company Crown Resorts Ltd is planning a near-total exit from the world's two biggest gaming hubs, Las Vegas and Macau, as a gambling crackdown in China hits profits and throws its expansion plans into disarray. The retreat from overseas casinos shows the impact the Chinese government's anti-graft campaign... [Read more]
Fed lifts rates, sees faster pace of hikes in Trump’s first year
The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 percent was widely expected. In a news conference following the unanimous rate decision,... [Read more]
Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue
Credit Suisse is the latest bank to shutter one of its private U.S. stock trading venues, as increasing regulatory scrutiny makes it harder to justify the costs of running such trading systems. Credit Suisse on Tuesday confirmed through a spokeswoman that it had shuttered its alternative trading system known as Light Pool on Nov. 18 after a strategic review of its algorithmic trading offerings. Credit... [Read more]
GM delivers its first Bolt electric car in Tesla’s backyard
This allows the Detroit automaker to claim first place in the race to deliver an electric car that can run for more than 200 miles on a charge and has a starting price below $40,000. Tesla Chief Executive Officer Elon Musk has promised its entry in this new segment, the Model 3, will go into production in July. Read the original: GM delivers its first Bolt electric car in Tesla’s backyard Read More →
Iran seals $17 billion Boeing deal, close to Airbus order
By Tim Hepher and Sami Aboudi PARIS/DUBAI (Reuters) – Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran's 1979 Islamic revolution. The deal between IranAir and U.S. planemaker Boeing includes 50 narrow-body... [Read more]