27 July, 2015 by The TZ Newswire Staff Comments Off on Baidu profit weighed down by offline mobile services push
Baidu profit weighed down by offline mobile services push
Baidu Inc’s quarterly profit missed analysts’ estimates as China’s biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable …
27 July, 2015 by The TZ Newswire Staff Comments Off on Syngenta says Monsanto’s $2 billion break-up fee comes with caveat
Syngenta says Monsanto’s $2 billion break-up fee comes with caveat
Syngenta (SYNN.VX) has said a $2 billion break-up fee that unwanted U.S. suitor Monsanto (MON.N) has pledged to pay if its proposed $45 billion merger failed would only apply in limited cases, leaving its shareholders exposed to the bulk of regulatory risks. Swiss Syngenta, the world’s largest maker of farming pesticides, told Reuters that based on its legal interpretation of Monsanto’s proposal, the payment would only be triggered if so-called horizontal antitrust concerns were to trip up the deal. Monsanto has rejected this interpretation.
27 July, 2015 by The TZ Newswire Staff Comments Off on P&G to name David Taylor CEO: WSJ
P&G to name David Taylor CEO: WSJ
The move by P&G, the world’s largest household products maker, is pending a board meeting scheduled for Tuesday, the WSJ said, citing a person familiar with the matter. The decision coincides with a massive overhaul of the company, which is struggling with sluggish sales due to “choppy” growth in developed markets, tough competition and a strengthening U.S. dollar.
27 July, 2015 by The TZ Newswire Staff Comments Off on U.S. private sector vows to ante up on climate finance
U.S. private sector vows to ante up on climate finance
Some of the biggest U.S. corporate names on Monday offered their support – and billions of dollars in green financing pledges – to buttress the Obama administration’s quest for a global agreement on combating climate change. Google, Apple, Goldman Sachs and 10 other well-known companies joined the White House in launching the American Business Act on Climate Pledge, a campaign that the White House said would inject $140 billion in low-carbon investments into the global economy.
27 July, 2015 by The TZ Newswire Staff Comments Off on Fiat Chrysler could spend billions to buy back unrepaired trucks
Fiat Chrysler could spend billions to buy back unrepaired trucks
Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) could pay billions of dollars to buy back defective trucks as part of a settlement with U.S. safety regulators, but has the option to recover costs by reselling vehicles once they are repaired. FCA said on Monday that about 193,000 Ram trucks previously recalled for suspension and steering problems had not been repaired and were therefore eligible for the buyback deal negotiated with the National Highway Traffic Safety Administration.
27 July, 2015 by The TZ Newswire Staff Comments Off on McGraw Hill Financial to buy SNL Financial for $2.23 billion
McGraw Hill Financial to buy SNL Financial for $2.23 billion
McGraw Hill Financial Inc , parent of Standard & Poor’s ratings agency, said it would buy data company SNL Financial for about $2.23 billion, and its shares fell nearly 6 percent. McGraw Hill, which also …
27 July, 2015 by The TZ Newswire Staff Comments Off on Nikkei 225 back in retreat after new highs
Nikkei 225 back in retreat after new highs
We’re seeing the Nikkei falling again after new session highs of 20,423.58 with the Shanghai Comp back down 2% on the day at 3647.58
– Nikkei currently 20,370.31