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U.S. House panel to review DOJ automaker antitrust probe

The U.S. House Judiciary Committee plans to hold hearings and seek documents into the Justice Department's decision to open an antitrust investigation into four major automakers' voluntary agreement with California to adopt compromise vehicle emissions requirements.



5 years ago

Exclusive: Repsol in advanced talks to buy Exxon assets in Gulf of Mexico - sources

Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday.



5 years ago

Carmakers near CO2 cliff-edge in electrification race

Time is running out for European carmakers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply.



5 years ago

Huawei drops lawsuit against U.S. over seized equipment: court filing

China's Huawei Technologies Co Ltd has dropped a lawsuit against the U.S. government after Washington released telecommunications equipment it had seized on suspicion of violations of export controls, according to a court filing on Monday.



5 years ago

Bond prices dip on German spending plan as stocks await ECB

Bond prices edged lower on Tuesday after German bund yields hit a one-month high following a report by Reuters that Germany is considering a "shadow budget" to allow the government to circumvent its strict national debt rules.



5 years ago

Judge lets Facebook privacy class action proceed, calls company's views 'so wrong'

A federal judge on Monday ordered Facebook Inc to face most of a nationwide lawsuit seeking damages for letting third parties such as Cambridge Analytica access users' private data, calling the social media company's views on privacy "so wrong."



5 years ago

Asian stocks mostly weaker on steep Chinese factory price declines

Most Asian stocks swung lower on Tuesday, weighed by Chinese markets after data showed mainland factory prices shrinking at their fastest pace in three years while reports of German stimulus plans pushed global bond prices down.



5 years ago

SoftBank urges WeWork to shelve IPO over valuation concerns: FT

SoftBank Group , a top shareholder in the holding company of U.S. office-sharing startup WeWork, is urging it to shelve a planned IPO on concerns over the valuation that can be achieved in a listing, the Financial Times reported on Monday.



5 years ago

Stockpiles of tomatoes? UK retailers bristle at demands of no-deal Brexit

A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can't find everything they want on the shelves.



5 years ago

Dorian industry insured losses seen in several billions of dollars: Munich Re

Insured losses from Hurricane Dorian are expected to total several billions of dollars, German reinsurer Munich Re said on Sunday.



5 years ago

Long-term care insurance costs are way up. How advisors can help clients cope

Annual premiums for long-term care insurance are rising sharply for people who bought coverage years ago. Here's how advisors are helping them handle the expense.

5 years ago

Nissan CEO Saikawa tells some executives he plans to resign: Nikkei

Nissan Motor Co Chief Executive Hiroto Saikawa has told some executives he plans to resign, the Nikkei newspaper reported on Sunday, in what would mark the latest upheaval over governance at the troubled Japanese automaker.



5 years ago

JPMorgan close to winning lead advisory role for Saudi Aramco IPO: source

JPMorgan Chase & Co is close to winning the lead advisory role for Saudi Aramco's initial public offering, a source familiar with the situation said on Sunday.



5 years ago

Saudi Aramco likely to give IPO roles to Citi, Goldman, HSBC and Samba -source

Saudi Aramco is likely to give roles to Citi , Goldman Sachs , HSBC and Samba Financial Bank for its planned initial public offering (IPO), a source familiar with the transaction said on Sunday.



5 years ago

Britain at risk of losing leading edge in maritime services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.



5 years ago