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Activist investor draws up plan to take Barnes & Noble private: WSJ

Reuters Business News - 6 hours 21 min ago
(Reuters) - Sandell Asset Management Corp, an activist investor in Barnes & Noble Inc , has proposed a transaction that would take the bookseller private with the help of current shareholders and debt financing, the Wall Street Journal reported on Thursday.
Categories: business

Siemens to cut 6,900 jobs to tackle flailing turbines business

Reuters Business News - 6 hours 24 min ago
FRANKFURT (Reuters) - Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.
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FCC to loosen TV, newspaper ownership rules

Reuters Business News - 6 hours 40 min ago
WASHINGTON (Reuters) - The U.S. Federal Communications Commission wants to rollback landmark media ownership regulations that prohibit owning a television station and newspaper in the same market and making it easier to acquire additional TV or radio stations, Chairman Ajit Pai said on Wednesday.
Categories: business

Meredith approaches Time again with Koch brothers backing: source

Reuters Business News - 6 hours 51 min ago
(Reuters) - Meredith Corp is in talks again to buy Time Inc in a potential deal backed by billionaire brothers Charles Koch and David Koch, a source familiar with the situation told Reuters on Thursday.
Categories: business

Ex-Trump lawyer to defend AT&T-Time Warner merger

Reuters Business News - 7 hours 4 min ago
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Categories: business

Tesla to unveil electric big-rig truck in midst of Model 3 factory 'hell'

Reuters Business News - 7 hours 38 min ago
SAN FRANCISCO (Reuters) - Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan central to the company's future.
Categories: business

Cobalt hedging not mining the route for VW in EV drive, official says

Reuters Business News - 7 hours 49 min ago
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Categories: business

Wal-Mart shares jump on strong U.S. sales growth

Reuters Business News - 8 hours 21 min ago
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Categories: business

Wal-Mart, tech stocks lead Wall Street gains

Reuters Business News - 8 hours 33 min ago
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Categories: business

Emerson sweetens bid for Rockwell Automation to $29 billion

Reuters Business News - 8 hours 59 min ago
(Reuters) - U.S. industrial automation equipment company Emerson Electric Co raised its cash-and-stock offer to acquire Rockwell Automation Inc to $29 billion on Thursday, ratcheting up pressure on its smaller peer to engage in deal talks.
Categories: business

T-Mobile to roll out U.S. 5G network by 2020

Reuters Business News - 16 hours 18 min ago
BARCELONA (Reuters) - T-Mobile US, the third-largest U.S. mobile operator, will roll out its fifth-generation network across the United States by 2020, Chief Technology Officer Neville Ray said on Thursday.
Categories: business

Europe's longest stocks sell-off of the year abates

Reuters Business News - 16 hours 31 min ago
LONDON (Reuters) - Investors tentatively returned to world stock markets on Thursday, looking for bargains after Europe's longest losing streak of the year and the worst run since March for the top global indices.
Categories: business

Few banks seen queuing for China's red carpet invite

Reuters Business News - 17 hours 11 min ago
HONG KONG (Reuters) - China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few bankers thought their long-held dream of better access to the world's largest banking market was within reach.
Categories: business

Volkswagen Group earmarking $11.8 billion to develop, build China electric cars

Reuters Business News - Thu, 2017-11-16 06:56
GUANGZHOU/BEIJING (Reuters) - Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.
Categories: business

Meredith, Time Inc restart deal talks with Koch brothers' support: NYT

Reuters Business News - Thu, 2017-11-16 06:17
(Reuters) - Time Inc is in talks with Meredith Corp again to sell itself in a potential deal backed by billionaire brothers Charles Koch and David Koch, the New York Times reported.
Categories: business

Mexico bristles at U.S. proposal that would benefit AT&T in NAFTA

Reuters Business News - Thu, 2017-11-16 03:46
MEXICO CITY (Reuters) - Mexico shot down a proposal by the United States to include provisions in the North America Free Trade Agreement that would benefit AT&T Inc , Mexico's Economy Minister Ildefonso Guajardo said on Wednesday.
Categories: business

Narrow win for Fox shows restlessness with dual-class shares

Reuters Business News - Thu, 2017-11-16 01:23
LOS ANGELES/NEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to scrap its dual-class share structure was rejected on Wednesday, although the measure received significant support among voters outside the controlling Murdoch family.
Categories: business

Trian's Peltz claims win in proxy fight, P&G says not yet

Reuters Business News - Thu, 2017-11-16 00:43
(Reuters) - Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter & Gamble Co's board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said it wants to see a certified result before declaring a winner.
Categories: business

Wall Street falls with energy shares; tax angst weighs

Reuters Business News - Wed, 2017-11-15 23:49
NEW YORK (Reuters) - U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while a late run-up was thwarted by concerns over the passage of a tax revamp after Republican senators were critical of the proposal.
Categories: business

Exclusive: Mattel snubs Hasbro's latest acquisition approach - sources

Reuters Business News - Wed, 2017-11-15 23:00
(Reuters) - Mattel Inc has rebuffed Hasbro Inc's latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world's two largest toy companies.
Categories: business

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