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GM, Ford Shares Suffer as China Talks about Penalizing U.S. Automakers Over Price-Fixing

After a Chinese official warned the government could slap a penalty on an unnamed U.S. automaker for monopolistic behavior, shares of U.S. automakers General Motors Co and Ford Motor Co skidded on Wednesday.   It was only a few days ago that U.S. President-elect Donald Trump questioned the...

Scale Issue is Left Lingering by Abandoned CBS, Viacom Merger

Sumner Redstone's holding company National Amusements Inc is under pressure to buy or partner with peers in an industry where scale matters after its decision to abandon a merger of its prized media assets, CBS Corp and Viacom Inc.   Scale was crucial for both companies, because it would...

In 'Massive' Cyber Attack, Thyssenkrupp Secrets Stolen

In cyber attacks earlier this year, hackers stole technical trade secrets from the steel production and manufacturing plant design divisions of ThyssenKrupp AG, the German company said.   Engaged in what it said were "organized, highly professional hacker activities", it had been targeted by...

$1.3 Billion to be Invested in Mexico by Retailer Wal-Mart de Mexico

In what is perceived as a show of commitment to Mexico at a time of uncertainty after the election of Donald Trump, retailer Wal-Mart de Mexico has announced that it will invest $1.3 billion in logistics in Latin America's No. 2 economy.   Wal-Mart spokeswoman Jo Warner assured the media...

From Smart Toothbrushes to o Cancer, Philips Bets Big on Software

A transformation at the former Dutch conglomerate, Philips, that its chief executive says will gather pace was reflected in the fact that these days the average researcher at Philips is more likely to be a software developer than an product engineer.   Noting that around 60 percent of the...

$1 Billion Verdict in Hip Implant Trial to be Questioned on Grounds of Fairness of Trial by J&J

A verdict of $1 billion in damages against Johnson & Johnson last week over allegations of design flaws in its Pinnacle hip implant would be challenged in terms of the fairness of the trial that resulted in the fine, the company said.   The Texas jury's penalty, the largest product...

To Accelerate Push into Auto Electronics, Panasonic may buy ZKW: Reuters

Accelerating its push into the automotive electronics market, Japan's Panasonic Corp may buy European automotive light maker ZKW Group, reported news agency Reuters citing information derived from a person familiar with the matter.   While claiming that ZKW was not negotiating with Panasonic...

Analysts say Despite U.S. Block, Aixtron Could Revive Takeover

If the German semiconductor equipment maker sells its Silicon Valley division to get around U.S. objections, analysts said that the sale of Aixtron to Chinese investors could go ahead under new terms.   Aixtron U.S., the division of the Germany company in California where nearly a fifth of...

In 1MDB-Related Probe, Penalties Slapped on Stanchart and Coutts by Singapore

Due to money laundering breaches related to Malaysia's scandal-tainted 1MDB fund, the local units of U.K.-based Standard Chartered Bank and Coutts were imposed penalties by Singapore's central bank, it said on Friday.   The central bank have earlier this year ordered the closure of the local...

Over $1 Billion Penalty Verdict on Hip Implants Slapped Against J&J

Six plaintiffs who said they were injured by Pinnacle hip implants were granted to be paid more than $1 billion by Johnson & Johnson and its DePuy Orthopaedics unit by a federal jury in Dallas.   The companies failed to warn consumers about the risks and the metal-on-metal Pinnacle hip...

To Help Finance Syngenta Bid, Chemchina Setting Up $5 Billion Fund: Basis Point

To help finance its purchase of Swiss seeds group Syngenta, China National Chemical Corp or ChemChina is reportedly setting up a fund that will aim to raise $5 billion for that purpose, reported Thomson Reuters publication Basis Point quoting two sources with direct knowledge of the matter.  ...

Actelion would be Left with 'Lot of Explaining to do' if it Rejects J&J Offer

Chief Executive of Actelion, Jean-Paul Clozel, would be left  with some explaining to do if he turned down an offer around that level as some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson & Johnson.   The two companies are...
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