International News

Winter air pollution grabs India’s capital

  AP Even for a city considered one of the world’s most polluted, the Indian capital hit a new low this past week. Air so dirty you can taste and smell it; a gray haze that makes a gentle stroll a serious health hazard. According to one advocacy group, government data shows that the smog that enveloped New Delhi was ...

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Oracle wins shares needed to clinch $9bn NetSuite buy

  Bloomberg NetSuite Inc. shareholders endorsed Oracle Corp.’s bid for the software provider, clearing the path for the $9 billion acquisition after weeks of conflict between a large investor and executives over the price tag. The deal received approval from 53 percent, or 21.78 million shares, of NetSuite stockholders that were eligible to endorse the bid, Oracle said in a ...

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Nestle pays $145mn for stake in biotech firm Aimmune

  Bloomberg Nestle SA’s health unit is investing $145 million for a 15 percent stake in Aimmune Therapeutics Inc., a California maker of food-allergy therapies. Nestle Health Science, a subsidiary of the Swiss food giant, will pay $19.20 a share for about 7.55 million newly issued shares of Aimmune, and the unit’s Chief Executive Officer Greg Behar will join the ...

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Dow-DuPont beset by delays as EU demands missing deal info

  Bloomberg Dow Chemical Co. and DuPont Co. face further delays to their plan to create the world’s biggest chemical company after the European Commission demanded more information about the $59 billion tie-up. The European Union’s merger regulator “stopped the clock” in its in-depth investigation on Oct. 13, the watchdog said in an e-mail on Friday. This happens “if the ...

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Gas traders giving up on US winter

  Bloomberg Natural gas bears wagering on a no-show US winter may be in for a frosty surprise. Gas for delivery next March traded at the lowest premium on record to the April 2017 contract Friday, signaling that traders see little risk of another Polar Vortex in the months ahead. Autumn warmth has spooked the gas market, pushing prices to ...

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German minister snubs automakers to back e-vehicle China quota plan

  Bloomberg Germany’s environment minister is throwing her support behind an aggressive Chinese plan to boost sales of electric and hybrid vehicles, putting her at odds with her country’s automobile industry and some within the German government. China is considering legislation that would require automakers to sell a specific quota of zero- and low-emission vehicles. The figure would start at ...

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Facebook projects greater costs, slowdown in ad sales

  Bloomberg Facebook Inc. reported a quarter that blew past expectations. But its shares fell after executives suggested they won’t be able to repeat the performance. The stock dropped as much as 7.1 percent on Thursday in premarket trading after two sobering comments on its conference call the night before. First, Chief Financial Officer David Wehner said revenue growth rates ...

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Court deals blow to UK government’s Brexit plans

  AFP The High Court struck a blow on Thursday to the British government’s plans for leaving the EU, ruling it must seek parliament’s approval before starting exit talks in a landmark judgement that could delay Brexit. Three senior judges said Prime Minister Theresa May’s government does not have the power on its own to trigger Article 50 of the ...

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Ford reaches consenses on Canada investment

  Ottawa / AFP The Ford Motor Company reached a new labor agreement with the union representing more than 6,400 auto workers at the company’s plants in Canada, averting a strike. The deal includes a commitment from Ford — similar to those offered by General Motors and Fiat Chrysler in earlier talks — to invest more than Can$630 million (US$470 ...

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TAG Heuer enters Silicon Valley

  Bloomberg TAG Heuer will open an office in Silicon Valley, marking the first time a big Swiss watchmaker has expanded into the cradle of the US technology sector and cementing its smartwatch alliance with Google and Intel Corp. The office, which opened Nov. 1 and is located on Intel’s campus in Santa Clara, California, will house about a dozen ...

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