Business

BERLIN (Reuters) – Siemens (SIEGn.DE) employees protested in various German cities on Friday against the company’s proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union. Siemens said on Thursday it wanted to cut about 6,900 jobs, or close to 2 percent of its global workforce.
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(Reuters) – Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch’s Twenty-First Century Fox Inc’s assets, two people familiar with the situation told Reuters on Thursday. FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6,
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WASHINGTON (Reuters) – Major U.S. airlines are bumping far fewer passengers from overbooked flights after a high-profile incident in April prompted the industry to reassess its practices, the U.S. Department of Transportation (DOT) reported on Thursday. People watch airplanes land during unseasonably warm weather at Reagan National Airport in Washington, U.S., February 22, 2017. REUTERS/Joshua
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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. FILE PHOTO: Rupert Murdoch, executive chairman of News Corporation, reacts during a panel discussion at the B20 meeting
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LONDON (Reuters) – Nestle (NESN.S), the world’s largest packaged food company, said on Wednesday it would reorganize its infant nutrition business to try to improve its performance. FILE PHOTO: The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland February 18, 2016. REUTERS/Pierre Albouy/File Photo The Swiss company said from Jan.
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BEIJING (Reuters) – Beijing’s landmark move to ease or remove limits on foreign ownership in China’s financial sector will likely stoke acquisition interest in smaller banks, Fitch Ratings said. A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s
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DANANG, Vietnam (Reuters) – Asia-Pacific leaders agreed on Saturday to address “unfair trade practices” and “market distorting subsidies” in a statement that bore the imprint of U.S. President Donald Trump’s efforts to reshape the global trade landscape. The summit of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam has put on show the contrasting vision of
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DANANG, Vietnam (Reuters) – Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival. Taking the agreement forward is a boost for the principle of multilateral trade pacts
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BEIJING (Reuters) – China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world’s second-biggest economy seeks to position itself as a major global finance hub. A security guard walks on the bund in front of the financial district of Pudong
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(Reuters) – Wisconsin’s economic development agency on Wednesday approved a $3 billion incentives package for Taiwan-based Foxconn to build a massive liquid-crystal display plant in the state, Governor Scott Walker said. The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s headquarters in New Taipei City,
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BERLIN (Reuters) – Investors seeking billions of dollars in damages from Volkswagen (VOWG_p.DE) were given a boost on Wednesday when a German court ruled an independent auditor should be appointed to investigate the carmaker’s emissions scandal. A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam Volkswagen’s (VW)
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BEIJING (Reuters) – Chinese regulations do not require foreign payment card firms to establish joint ventures to operate in the onshore market, the central bank said on Wednesday. FILE PHOTO: An American Express and a Visa credit cards are seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration/File Photo
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