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Huge nuclear cost overruns push Toshiba's Westinghouse into bankruptcy

By Tom Hals, Makiko Yamazaki and Tim Kelly WILMINGTON, DEL./TOKYO (Reuters) - Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit...

Wednesday, March 29, 2017 - 10:09am

Mobileye deal to fuel investment in late-stage Israeli start-ups

By Tova Cohen and Steven Scheer TEL AVIV (Reuters) - Intel's $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector's other late-stage startups,...

Wednesday, March 22, 2017 - 10:45pm

Walmart announces plan to invest $800 million in Chile

SANTIAGO (Reuters) - Wal-Mart Stores Inc's <WMT.N> Chilean unit will invest $800 million in the country over the next three years and open 55 to 60 new supermarkets, the company said on Wednesday, a significant outlay at a time of slow economic growth...

Wednesday, March 22, 2017 - 9:43pm

Shareholders urge Akzo to negotiate with suitor PPG

By Thomas Escritt and Toby Sterling AMSTERDAM (Reuters) - Shareholders piled pressure on Dutch paint maker Akzo Nobel <AKZO.AS> to open talks with U.S. rival PPG Industries <PPG.N> on...

Wednesday, March 22, 2017 - 4:18pm

Chinese supermarkets pull Brazil meat from shelves as food safety fears grow

By Dominique Patton BEIJING (Reuters) - Some of China's largest food suppliers have pulled Brazilian beef and poultry from their shelves in the first concrete sign that a deepening scandal...

Wednesday, March 22, 2017 - 3:04pm

Adobe, Microsoft team up to share sales and marketing data

By Stephen Nellis (Reuters) - Microsoft Corp and Adobe Systems Inc are joining to make their respective sales and marketing software products more potent competitors to Salesforce.com Inc and Oracle Corp offerings, the two firms said Monday. On the...

Monday, March 20, 2017 - 11:53pm

U.S. investor, CEO groups set for lobbying battle over proxy challenges

By Sarah N. Lynch WASHINGTON (Reuters) - Shareholder activists are pushing back against a major business trade group's request that the White House use its influence on the U.S. securities regulator to make it harder to get governance, political or environmental...

Monday, March 20, 2017 - 6:40pm

Piech Porsche SE stake may be sold by end May: Bild am Sonntag

FRANKFURT (Reuters) - A large Porsche SE <PSHG_p.DE> stake owned by former Volkswagen <VOWG_p.DE> chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said. Porsche SE...

Saturday, March 18, 2017 - 7:19pm

Last RBS investor group held settlement talks over 2008 cash call : sources

By Andrew MacAskill and Kirstin Ridley LONDON (Reuters) - Lawyers representing tens of thousands of Royal Bank of Scotland <RBS.L> shareholders have held tentative talks to settle a 1.2 billion pound ($1.5 billion) damages claim over the lender's 2008...

Friday, March 17, 2017 - 7:35am

BAT says strong demand for 'glo' smokeless tobacco

TOKYO (Reuters) - British American Tobacco (BAT) said demand for its "glo" tobacco heating device overwhelmed supply in its Japan test marketing, as global cigarette giants shift focus to the new product category amid declining smoking population. The "heat but...

Thursday, March 16, 2017 - 10:24pm

Bank of America shareholders revive chairman debate

NEW YORK (Reuters) - Bank of America Corp <BAC.N> Chairman and Chief Executive Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank's proxy filing on Wednesday. A shareholder proposal calls...

Wednesday, March 15, 2017 - 12:20pm

China consumer day show skewers Nike shoes, Muji foods

By Jackie Cai and Adam Jourdan SHANGHAI (Reuters) - China's annual consumer rights day television show turned its spotlight on U.S. sports brand Nike Inc <NKE.N> for misleading advertising...

Wednesday, March 15, 2017 - 11:31am

AIG asked CEO Hancock to resign to avoid battle with Icahn: WSJ

(Reuters) - American International Group Inc's <AIG.N> decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter...

Tuesday, March 14, 2017 - 2:28pm

Novartis wins U.S. approval for breast cancer drug; to compete with Pfizer's Ibrance

By John Miller ZURICH (Reuters) - Novartis has won U.S. Food and Drug Administration approval for Kisqali to treat postmenopausal women who have a difficult-to-treat form of breast cancer, challenging U.S. rival Pfizer's Ibrance. The Swiss company...

Tuesday, March 14, 2017 - 10:20am

China's ZTE Corp names new chairman

By Sijia Jiang HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp <000063.SZ> <0763.HK>, which last week agreed to plead guilty and pay nearly $900 million for breaching U.S. sanctions, on Tuesday named Yin Yimin as its new chairman with...

Tuesday, March 14, 2017 - 7:07am

Mitsubishi Heavy shares jump on favorable ruling in $6.7-billion claim

TOKYO (Reuters) - Mitsubishi Heavy Industries Ltd (MHI) <7011.T> jumped over 6 percent on Tuesday after an international arbitrator ruled in its favor over a $6.7 billion compensation claim against the company related to the shutdown of California's San Onofre...

Monday, March 13, 2017 - 11:38pm

Volkswagen pleads guilty in U.S. court in diesel emissions scandal

By Nick Carey and David Shepardson DETROIT/WASHINGTON (Reuters) - Volkswagen AG <VOWG_p.DE> pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in...

Friday, March 10, 2017 - 10:08am

Pimco revamps BOND ETF, changing fund's name and managers

By Trevor Hunnicutt and Jennifer Ablan NEW YORK (Reuters) - Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund <BOND.P> and changing its name, a spokeswoman for the fund...

Thursday, March 9, 2017 - 1:15am

Boeing says 737 MAX 10X jet has support from airlines, suppliers

By Alwyn Scott SEATTLE (Reuters) - Boeing Co <BA.N> defended its proposed 737 MAX 10X aircraft on Wednesday, saying it has drawn plaudits from numerous airlines and interest from parts suppliers to rebut criticisms aired at an industry conference on...

Wednesday, March 8, 2017 - 10:43pm

Uber works to mend relationship with regulators

By Heather Somerville SAN FRANCISCO (Reuters) - Uber Technologies Inc is working to mend its relationship with regulators as pressure mounts for the company to improve its business practices and temper Chief Executive Travis Kalanick's aggressive leadership...

Wednesday, March 8, 2017 - 8:05pm