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Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Mon, 16 Oct 2017 23:32:37 -0400

MONTREAL/PARIS (Reuters) - Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.(image)

Netflix adds more subscribers than expected, shares hit record

Mon, 16 Oct 2017 20:04:46 -0400

(Reuters) - Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally.(image)

Oil elevated as Iraq tensions escalate, Asian shares hold firm

Mon, 16 Oct 2017 23:13:06 -0400

TOKYO (Reuters) - Oil prices clung to this month's high on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares held firm on optimism about upcoming earnings.(image)

Colony Capital injects cash, in talks to buy Weinstein Co

Mon, 16 Oct 2017 18:45:39 -0400

NEW YORK (Reuters) - The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein.(image)

Kobe Steel faked quality data for more than 10 years: source

Mon, 16 Oct 2017 23:47:55 -0400

TOKYO (Reuters) - Kobe Steel Ltd falsified data on product quality and specifications longer than the 10 years that the company had previously stated, a source with knowledge of the matter said.(image)

Procter & Gamble says Peltz loses board seat bid by around 6 million votes

Mon, 16 Oct 2017 19:46:58 -0400

(Reuters) - Procter & Gamble Co said on Monday that activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company's board by 6.15 million votes, according to its preliminary tally.(image)

Major Sears investor Berkowitz departs board; stock plunges

Mon, 16 Oct 2017 18:02:30 -0400

(Reuters) - Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent.(image)

Tough U.S. NAFTA demands send ball back into lobbyists' court

Mon, 16 Oct 2017 17:26:42 -0400

ARLINGTON, Va. (Reuters) - Lobbying efforts on the North American Free Trade Agreement faced a major test this week after the Trump administration ignored advice from U.S. business groups and pitched proposals to radically reshape NAFTA, leaving its future in doubt.(image)

Exclusive: China offers to buy 5 percent of Saudi Aramco directly - sources

Mon, 16 Oct 2017 09:59:22 -0400

DUBAI/LONDON (Reuters) - China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.(image)

Striking Canadian autoworkers ratify GM deal

Mon, 16 Oct 2017 19:45:13 -0400

MONTREAL (Reuters) - Striking Canadian workers on Monday voted nearly 86 percent in favor of a new four-year agreement with General Motors Co in a deal that would make it more costly for the U.S. automaker to shut the Ontario plant.(image)