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After LSE's sharp rebuff, HKEX begins investor charm offensive

September 15, 2019 by  
Filed under News

Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.


Source: Reuters Business News

Saudi, Gulf stocks fall after attacks on Aramco oil plants

September 15, 2019 by  
Filed under News

Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.


Source: Reuters Business News

Saudi oil exports to run as normal from stocks this week: source

September 15, 2019 by  
Filed under News

Saudi Arabia’s oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, an industry source briefed on the developments told Reuters on Sunday.


Source: Reuters Business News

Axel Springer plans layoffs after KKR becomes biggest shareholder: report

September 15, 2019 by  
Filed under News

Axel Springer is planning layoffs as part of a cost-cutting program that would mainly affect its newspapers, the German media group’s chief executive told the Sueddeutsche Zeitung in an interview released on Sunday.


Source: Reuters Business News

As talks falter, UAW calls first national strike against GM since 2007

September 15, 2019 by  
Filed under News

The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.


Source: Reuters Business News

Overshadowed by U.S. corruption probe, UAW, GM near contract deadline

September 14, 2019 by  
Filed under News

A federal corruption probe of top union officials stirred growing uncertainty about collective bargaining talks on Saturday, as the current labor contract between the United Auto Workers (UAW) and General Motors Co was set to expire at the stroke of midnight.


Source: Reuters Business News

Factbox: What needs to happen before Boeing's 737 MAX can fly again

September 14, 2019 by  
Filed under News

(In September 13 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 15)


Source: Reuters Business News

House panel wants Boeing CEO to allow employee interviews on 737 MAX crashes

September 14, 2019 by  
Filed under News

(In September 12 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 10)


Source: Reuters Business News

Disney CEO Bob Iger resigns from Apple board as TV battle looms

September 13, 2019 by  
Filed under News

Apple Inc said on Friday that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business.


Source: Reuters Business News

UPS to pay $8.4 million to resolve U.S. overcharging probe

September 13, 2019 by  
Filed under News

United Parcel Service Inc has agreed to pay the United States $8.4 million to resolve allegations it overcharged federal agencies for package delivery services, the U.S. Justice Department said on Friday.


Source: Reuters Business News

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