International News

Bloomberg Ceridian HCM Holding Inc., the software maker backed by Thomas H. Lee Partners, raised $462 million in its initial public offering. The company priced 21 million shares at $22 apiece, above the $19 to $21 price range marketed to investors, according to data compiled by Bloomberg. The IPO gives Ceridian a market value of almost $3 billion, according to ...

Bloomberg Ford Motor Co. is sharpening its knives to cleave another $11.5 billion from spending plans and cut several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. The automaker expects to save $25.5 billion by 2022, Chief Financial Officer Bob Shanks told reporters as Ford reported first-quarter earnings per share and ...

Bloomberg Sales of London homes under construction rose as developers lowered asking prices for the first time since 2010. About 6,900 of the properties were sold in the first quarter, the most in three years, with about 30 percent snapped up by institutional investors betting on rental properties, according to a report by Molior London seen by Bloomberg News. Londoners ...

Bloomberg The US issued a new warning to China on its handling of intellectual property as President Donald Trump prepares to dispatch senior advisers to the Asian nation to head off a trade dispute. The US Trade Representative’s office kept China on its “priority watch list” of countries whose IP practices require monitoring. China has an “urgent need” to fix ...

Bloomberg Honda Motor Co., which until last year was the fastest-growing car brand in China, gave a full-year profit forecast that trailed analysts’ estimates on a stronger yen as it halted sales of its popular CR-V crossover in the world’s largest vehicle market. Operating profit will probably fall to 700 billion yen ($6.4 billion) in the year ending March 2019, ...

Bloomberg ZTE Corp. reported its earnings have surged, without addressing the impact of US sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking. The second-largest Chinese telecom gear maker, which had delayed its results release by a week to digest a seven-year ban on purchasing American components, didn’t offer an update on the crisis. Instead, the ...

Bloomberg Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen. Rural electrification became a cornerstone of the prime minister’s plan, which included connecting more than 18,000 villages by the end of this month. And with only a few left to be electrified, according to government data, ...

Bloomberg T-Mobile US Inc. and its German owners are advancing towards a long-awaited telecommunications union that would value merger partner Sprint Corp. at about $24 billion, according to people with knowledge of the matter. Under the terms being discussed, T-Mobile backer Deutsche Telekom AG would receive a 42 percent stake and 69 percent voting interest in the combined company, said ...

Bloomberg Xerox Corp.’s plan to sell itself to Japanese rival Fujifilm Holding Corp. was temporarily blocked by a New York judge who determined the chief executive officer behind the deal was trying to preserve his own job. Investor Darwin Deason sued to block the transaction, accusing CEO Jeffrey Jacobson of acting without authorisation to strike a deal with Fujifilm that ...

Bloomberg Johnson & Johnson persuaded an appeals court to throw out a $151 million award against the company over its Pinnacle artificial hips in a ruling that will affect thousands of lawsuits over the devices. A judge’s error in allowing hip recipients’ lawyers to use “highly prejudicial” evidence about bribes paid by officials of J&J units in their 2016 case ...