May, 2019

• 19 May

  Japan Display’s backers seek to add new investor

  

  Bloomberg Japan Display Inc, a struggling supplier of screens for Apple Inc’s iPhone, has to find an additional investor to get a $727 million rescue package from a group of Chinese and Taiwanese firms, according to the Asahi newspaper. Negotiations with the consortium, which includes Taiwan’s TPK Holding Co, Harvest Tech Investment Management Co, Cosgrove Global Ltd, and Topnotch Corporate ...

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• 19 May

  In aging Japan, 75-year-old job hunters may be the new normal

  

  Bloomberg At the age of 75, Mikiko Kuzuno found herself recently laid off and applying for a job at a factory near Tokyo. She insisted on making the application in person. “I asked them to please take a look at me,” she said. “I wanted to show them how healthy I am. Some people are very frail.” Kuzuno, 78, is ...

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• 19 May

  Toyota rebukes Trump for message carmaker ‘not welcomed’

  

  Bloomberg Toyota Motor Corp rebuked President Donald Trump’s declaration that imported cars threaten US national security, signaling contentious talks are ahead for the White House and America’s key trading partners. In an unusually strong-worded statement, Japan’s largest automaker said Trump’s proclamation that the US needs to defend itself against foreign cars and components “sends a message to Toyota that our ...

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• 19 May

  CBS in talks with Lions Gate to buy Starz cable network

  

  Bloomberg CBS Corp’s seemingly inexorable march towards acquiring Viacom Inc. may take a detour. The broadcasting giant recently talked to Lions Gate Entertainment Corp about buying that company’s Starz cable network, according to people familiar with the matter, a deal that could happen alongside a potential purchase of Viacom. CBS made an informal bid of about $5 billion that was ...

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• 19 May

  UK plows $36mn into car batteries in low-carbon push

  

  Bloomberg Business Secretary Greg Clark pledged 28 million pounds ($36 million) to research electric car batteries as he pushes for the UK to establish an industry-leading factory. The cash for the Coventry, central England-based Battery Industrialisation Centre adds to an initial investment of 80 million pounds, Clark’s Department for Business, Energy and Industrial Strategy said in a statement. The government ...

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• 19 May

  PG&E lines tied to deadliest California fire in state report

  

  Bloomberg California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the Camp Fire that killed 85 people and destroyed an entire town in November, the California Department of Forestry and ...

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• 19 May

  UK wages rise 3.3% in first quarter of 2019

  Bloomberg British workers are enjoying a resurgence of bargaining power as labour shortages leave employers struggling to fill jobs. Basic pay rose an annual 3.3% in the first quarter, close to the fastest pace since 2008, Office for National Statistics figures show. Pay including bonuses rose 3.2%. The increase came as the number of people in work rose by 99,000, ...

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• 19 May

  New York deals blow to $1b shale gas pipeline

  

  Bloomberg New York denied a key permit for a $1 billion Williams Cos. shale gas pipeline, dealing a critical blow to a project that would shuttle fuel to customers in New York City and Long Island. The New York State Department of Environmental Conservation said that the pipeline would result in water quality violations, including those caused by kicking up ...

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• 19 May

  Arkema set to acquire US chemical-maker for $570m

  Bloomberg Arkema SA agreed to buy a US-based supplier of mining-additives from Golden Gate Capital for $570 million as part of Chief Executive Officer Thierry Le Henaff’s drive to expand in higher-margin specialty chemicals. Purchasing ArrMaz Custom Chemicals Inc. will add a portfolio of defoamers and other so-called surfactants also used in road construction and agrochemicals generating annual sales of ...

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• 19 May

  Saudi says no to war with Iran, vows strong response

  

  Bloomberg Saudi Arabia does not want a war with Iran but will respond “with strength and determination” if Iran decides to start one, a top Saudi official said. “We don’t want a war in any way, but at the same time we won’t allow Iran to continue its hostile policies towards the kingdom,” Minister of State for Foreign Affairs Adel ...

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