Business

VIENNA (Reuters) – German lighting group Osram (OSRn.DE) advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS (AMS.S) (AMS.VI) and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive. FILE PHOTO: The logo of German lighting manufacturer Osram is seen behind light

NEW YORK (Reuters) – Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original

DETROIT (Reuters) – 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 labor contract talks reached an impasse over wide-ranging issues from wages to health care benefits and temporary workers. A member of United Auto Workers,

FILE PHOTO: The company logo for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo DUBAI (Reuters) – The head of the United Arab Emirates’ General Civil Aviation Authority said on Sunday he was not optimistic the Boeing

FILE PHOTO – United Auto Workers (UAW) union Vice-President Terry Dittes addresses delegates during the ‘Special Convention on Collective Bargaining’ in Detroit, Michigan, U.S. March 12, 2019. REUTERS/Rebecca Cook (Reuters) – The United Auto Workers said late on Saturday that it will not extend its contract with General Motors Co (GM.N) that was set to

DETROIT (Reuters) – Overshadowed by a mushrooming U.S. federal corruption probe into top union officials that has created uncertainty for collective bargaining talks, the contract between the United Auto Workers (UAW) and General Motors Co (GM.N) will expire at midnight on Saturday. FILE PHOTO: United Auto Workers President Gary Jones delivers remarks at the opening

FILE PHOTO: The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. REUTERS/Charles Platiau/File Photo WASHINGTON (Reuters) – The U.S. Justice Department said United Parcel Service Inc (UPS.N) has agreed to pay the United States $8.4 million to

FILE PHOTO: Walt Disney CEO Bob Iger attends the European premiere of “The Lion King” in London, Britain July 14, 2019. REUTERS/Henry Nicholls (Reuters) – Apple Inc (AAPL.O) said on Friday Walt Disney Co (DIS.N) Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as the two companies

SEATTLE/CHICAGO/PARIS (Reuters) – As Boeing Co (BA.N) sets its sights on winning approval to fly its 737 MAX within weeks, following a six-month safety ban, engineers around the world are rolling out plans for one of the biggest logistical operations in civil aviation history. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in

TOKYO/HONG KONG (Reuters) – Asian stocks climbed to their highest in six weeks on Friday, as signs of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped to calm fears of a global economic slowdown. FILE PHOTO: A man points out an electronic board showing the Nikkei stock index outside

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stocks advanced on Thursday, and the S&P 500 closed within striking distance of its all-time high, buoyed by positive developments on the U.S.-China trade front and a

FRANKFURT (Reuters) – The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory on Thursday in an effort to prop up the ailing euro zone economy that was cheered by financial markets. European Central Bank (ECB) President Mario Draghi attends a news conference on the

SHANGHAI (Reuters) – U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world’s largest market of smokers. FILE PHOTO: Juul brand vaping pens are seen for sale in a shop in

FILE PHOTO: Mark Hurd, CEO of Oracle Corporation, speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S. October 18, 2017. REUTERS/Lucy Nicholson (Reuters) – Oracle Corp (ORCL.N) said on Wednesday Chief Executive Officer Mark Hurd would be taking a leave of absence due to health-related reasons, and the business software maker

LONDON (Reuters) – OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude. FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits

TOKYO (Reuters) – Bond yields climbed and stock markets held firm on Wednesday, as hopes of easing U.S.-China tensions and diminished risk of a no-deal Brexit prompted buying of out-of-favor value stocks before key central bank meetings. FILE PHOTO: A man walks past a stock quotation board outside a brokerage in Tokyo December 4, 2013.

A screen displays the logo for Baker Hughes on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019. REUTERS/Brendan McDermid (Reuters) – General Electric Co (GE.N) is looking to raise up to $3 billion in sale of majority-owned Baker Hughes (BHGE.N) shares, resulting in a reduction of the

(Reuters) – WeWork owner The We Company is weighing slashing the valuation of its forthcoming IPO to below $20 billion, two sources said, in the latest headwind for leading shareholder SoftBank Group (9984.T) whose key group portfolio firms have tumbled in value. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working

PARIS/FRANKFURT (Reuters) – Time is running out for European car makers, 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. FILE PHOTO: A model of an electric Mini car is pictured at the booth of Siemens at the Hanover

WASHINGTON (Reuters) – Attorneys general from 48 U.S. states, the District of Columbia and Puerto Rico formally opened an antitrust probe on Monday into Alphabet’s Google (GOOGL.O), in a sign of growing government scrutiny of U.S. technology giants. Texas Attorney General Ken Paxton, who is leading the probe, said it will focus on Google’s “overarching

(Reuters) – AT&T Inc (T.N) shareholder Elliott Management Corp on Monday questioned the wireless carrier’s $85 billion takeover of Time Warner and called for it to sell non-core businesses to boost its stock price, driving shares in the company up 10%. FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico

TOKYO (Reuters) – Asian stocks edged higher on Monday amid a cautious mood as investors pinned their hopes on expected global stimulus to support slowing growth in the world’s major economies. A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share average outside a

FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo (Reuters) – JPMorgan Chase & Co (JPM.N) is close to winning the lead advisory role for Saudi Aramco’s initial public offering, a source familiar with the

FILE PHOTO: Nissan CEO Hiroto Saikawa attends a news conference to release first quarter earnings at the company headquarters in Yokohama, Japan July 25, 2019. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) Chief Executive Hiroto Saikawa has told some executives he plans to resign, the Nikkei newspaper reported on Sunday, as he

FILE PHOTO: Several Boeing 777X aircraft are seen in various stages of production during a media tour of the Boeing 777X at the Boeing production facility in Everett, Washington, U.S., February 27, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Boeing Co (BA.N) on Saturday announced it had suspended load testing of its new widebody 777X aircraft

FILE PHOTO: Customers leave an Albertsons grocery store with their purchases in Burbank, California July 17, 2012. REUTERS/Fred Prouser (Reuters) – Supermarket operator Albertsons Companies said on Saturday it would ask customers not to openly carry firearms at its stores, joining an array of retailers and store chains this week who changed their gun policy

FILE PHOTO: A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau/File Photo (Reuters) – Spirit Airlines (SAVE.N) on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt

FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington, U.S., July 11, 2018. REUTERS/Ting Shen WASHINGTON (Reuters) – The top lawyers at the Environmental Protection Agency and Transportation Department told the California Air Resources Board Friday that the state’s actions in connection with a voluntary

(Reuters) – WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday. FILE PHOTO: The WeWork logo is displayed on the entrance of

LONDON/NEW YORK (Reuters) – U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s (DBKGn.D) money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. The headquarters of Germany’s Deutsche Bank is photographed early