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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 Suisse also runs Crossfinder, the No. 2 U.S. alternative trading system and has no plans to

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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

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.

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GM delivers its first Bolt electric car in Tesla’s backyard

Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval

Shareholders of U.S. seeds and agrochemicals company Monsanto Co approved the company's $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds …

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Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval

Slack data management exposed BP to high safety risk: leaked report

BP's refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015. The report, co-authored by BP, IBM and industry consultancy WorleyParsons , states that the British company's refining and petrochemical business, known as downstream, is trailing rivals such as Royal Dutch Shell by up to seven years in managing information to reduce safety risks and financial losses. “Inadequate management and use of engineering…

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Slack data management exposed BP to high safety risk: leaked report

British pension funds warn on any Fox/Sky deal

British public sector pension funds on Tuesday called for an “appropriate” premium in any potential deal between Twenty-First Century Fox and Sky as well as for safeguards to protect minority shareholders. Rupert Murdoch's Twenty-First Century Fox Inc aims to table a firm cash bid valuing Sky at 10.75 pounds ($13.66) per share as early as Wednesday …

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British pension funds warn on any Fox/Sky deal

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 737 MAX aircraft and 30 long-haul 777s, split equally between the 777-300ER, which is badly in need of an order boost, …

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Iran seals $17 billion Boeing deal, close to Airbus order

Japan’s Honda ties up with ride-hailing service Grab

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan's Honda Motor Co had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services. …

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Japan’s Honda ties up with ride-hailing service Grab

France’s Amundi to buy Pioneer from UniCredit for $3.75 billion

French fund management company Amundi is to buy asset manager Pioneer from Italian bank UniCredit for 3.55 billion euros ($3.75 billion), and will finance the deal with a debt and equity issue. The deal is one of various disposals being pursued…

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France’s Amundi to buy Pioneer from UniCredit for $3.75 billion

Exclusive: Lonza in talks to buy Capsugel for more than $5 billion – sources

Swiss pharmaceutical manufacturer Lonza Group AG is in advanced talks to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems, for more than $5 billion, according to people familiar with the matter. The deal would come as Lonza seeks to boost its life sciences

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Exclusive: Lonza in talks to buy Capsugel for more than $5 billion – sources

Fed turns to Trump agenda with rate hike nearly in the bag

The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank'…

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Fed turns to Trump agenda with rate hike nearly in the bag

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