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Infosys founders to question payments for CEO

  Bloomberg The board of Infosys Ltd., India’s second-largest technology services company, is facing questions over executive compensation and corporate governance in a letter sent by at least three of its founders, according to people with knowledge of the matter. Narayana Murthy, Nandan Nilekani and Kris Gopalakrishnan have signed the document asking why Chief Executive Officer Vishal Sikka’s compensation was ...

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Syngenta open to picking up disposals from farming deals

  Bloomberg Syngenta AG, which sees its $43 billion takeover by China National Chemical Corp. closing by the end of June, said it’s open to pursuing assets that might become available as a result of antitrust reviews of other mega deals in the agricultural industry. There could be attractive seed acquisition opportunities stemming from the merger of Dow Chemical Co. ...

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China car sales fall first time in 11 months after tax hike

  Bloomberg A sales hangover and holiday-shortened month combined to send China’s passenger-vehicle sales to their first decline in almost a year, with sedan deliveries bearing the brunt of the slump. Deliveries fell 9.8 percent last month to 2.12 million units in January, the first decline since February of last year, according to the China Passenger Car Association. The week-long ...

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Hong Kong television broadcaster seeks details on unbidden suitor

  Bloomberg Television Broadcasts Ltd., Hong Kong’s dominant free-to-air TV broadcaster, said it received an unsolicited offer for 29.9 percent of the company from TLG Movie & Entertainment Group and is gathering more information about the prospective buyer. The broadcaster’s shares rose to the highest close in almost 11 months with trading volume quadruple the 3-month full-day average. A 29.9 ...

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Brexit risks UK nuclear sector jobs

  Bloomberg Britain’s decision to leave the Europe Union is raising risks for 66,000 workers in the nuclear power industry and threatening to disrupt the flow of atomic fuel across international borders. The government in deciding to quit the EU also plans to pull out of the continent’s 60-year-old nuclear safety and research organization, according to a February 2 policy ...

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Construction works at Dakota Access pipeline begin

  AP Construction of the Dakota Access pipeline under a North Dakota reservoir has begun and the full pipeline should be operational within three months, the developer of the long-delayed project said Thursday, even as an American Indian tribe filed a legal challenge to block the work and protect its water supply. The Army granted Energy Transfer Partners formal permission ...

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UK homebuilders surpass Brexit fears

  Bloomberg Looking at UK homebuilding shares this week, you might think the Brexit vote never happened. More than seven months after the country voted to leave the European Union, the stocks closed above the level last seen before the decision. Investor concern that Britain would face economic disaster sent those shares plunging 14 percent in the two days following ...

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VW scion lashes out at managers over diesel row

  Bloomberg Ferdinand Piech vanished from the corporate scene for almost two years after abruptly departing Volkswagen AG, the carmaker his grandfather built. Now he’s looking to settle old scores. Piech, Volkswagen’s former chief executive officer, chairman and one of its biggest shareholders, has rekindled accusations that top managers knew about falsified emissions tests months before publicly admitting to it. ...

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