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UK and China regulators discuss framework for financial projects
July 31, 2016 by elegant · Leave a Comment
British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to…
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UK and China regulators discuss framework for financial projects
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Delaware judge proposes October trial over removal of Viacom directors
July 31, 2016 by creative · Leave a Comment
Judge Andre Bouchard proposed Oct. 17 for the beginning of the trial. In June, 93-year old Redstone, through his National Amusements Inc holding company, removed five of Viacom's directors, including Chief Executive Philippe Dauman, from the company's board. National Amusements owns 80 percent of voting shares of Viacom and CBS Corp .
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Delaware judge proposes October trial over removal of Viacom directors
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Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon
July 15, 2016 by elegant · Leave a Comment
By Makiko Yamazaki TOKYO (Reuters) – The head of the developer behind Nintendo Co Ltd's Pokemon GO said he wanted to launch the smash-hit mobile game in roughly 200 countries and regions “relatively soon” and was working on bolstering server capacity to enable the wider rollout. The game, which marries a classic 20-year old…
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Developer of Nintendo’s Pokemon GO aiming for rollout to 200 markets soon
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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance
July 13, 2016 by creative · Leave a Comment
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 …
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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance
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UBS chief says Swiss government is leaving banks exposed
July 10, 2016 by creative · Leave a Comment
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, France and the United States. “This is unacceptable and opens the door for a new offensive against Swiss banks,” he told the paper, adding that the government…
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UBS chief says Swiss government is leaving banks exposed
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France’s Danone to buy WhiteWave to boost U.S. business
July 7, 2016 by creative · Leave a Comment
France's Danone said on Thursday it would double the size of its U.S. business by buying organic foods producer WhiteWave Foods Co for $10.4 billion in its largest acquisition since 2007. The purchase will help Danone pursue affluent consumers by adding WhiteWave's popular health food offerings such as Silk almond milk, Earthbound Farm organic salad and Horizon organic milk to its lineup as it struggles in more challenging markets such as…
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France’s Danone to buy WhiteWave to boost U.S. business
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SolarCity recuses two more board members from voting on Tesla offer
June 26, 2016 by publisher · Leave a Comment
Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new …
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SolarCity recuses two more board members from voting on Tesla offer
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Exxon CEO back at Russia shindig after hiatus over Ukraine: sources
June 14, 2016 by publisher · Leave a Comment
By Denis Pinchuk MOSCOW (Reuters) – Exxon Mobil Chief Executive Rex Tillerson is to attend a major investment forum in Russia this week, two industry sources said, ending a two year absence from the event that began when sanctions were imposed on Russia over the crisis
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Exxon CEO back at Russia shindig after hiatus over Ukraine: sources
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Siemens CEO says not interested in robot maker Kuka
June 12, 2016 by admin · Leave a Comment
Siemens has no interest in becoming a white knight for German robot maker Kuka , which is the target of a 4.5 billion euro ($5.06 billion) takeover bid by Chinese home appliance maker Midea , Siemens' chief executive said. “If we had been interested, we would have acted on it some time ago,” Joe Kaeser told German broadcaster ntv in an interview. Midea's bid has fanned a furious debate over Chinese takeovers in Europe, with politicians such as German Economy Minister Sigmar Gabriel calling for tougher restrictions.
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Siemens CEO says not interested in robot maker Kuka
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Tesla to clarify how customers may disclose problems
June 11, 2016 by creative · Leave a Comment
Tesla Motors Inc on Friday revised a nondisclosure clause in its customer repair agreements after a U.S. regulator took issue with the practice, while the electric carmaker's chief executive separately called most customer reports of suspension problems in its Model S sedan fraudulent. Tesla CEO Elon Musk went on the offensive on …
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Tesla to clarify how customers may disclose problems