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VW truck chief gears up for ‘next level’ after IPO move

Bloomberg Volkswagen AG’s trucks chief wants to take his division to “the next level,” with the German manufacturer considering a stock listing that would catapult the $37-billion unit into the blue chip ranks of Europe’s largest economy. “An initial public offering is just one of the options, another is that we could issue our own bonds,” Andreas Renschler, who oversees ...

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GE books $4.2 billion charge, restates earnings

NEW YORK / Reuters General Electric Co said it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would comply with new accounting standards. The maker of power plants, jet engines, medical devices and other ...

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Disney forced into takeover bid for Sky by UK authority

Bloomberg Walt Disney Co. must make an offer for Sky Plc if its $52.4 billion purchase of most of 21st Century Fox Inc. succeeds, the UK Takeover Panel ruled. Disney would have to bid 10.75 pounds per Sky share upon completing the acquisition of Fox assets, which include an existing 39 percent in Sky, and if Fox or Comcast Corp. ...

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