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Bloomberg Zhejiang Geely Holding Group denied selling any of its 9.7 percent stake in Daimler AG, following a Bloomberg report that the holding had been cut in half. Geely, in a statement on its website, said that as a long-term investor in Daimler and its largest single shareholder, it has no plans to cut its holding in Daimler and that ...

Bloomberg Tata Consultancy Services Ltd narrowly missed analyst estimates as quarterly profit was hit by a volatile currency and unexpected rise in employee costs. Asia’s largest software outsourcing provider reported a 24 percent increase in net income to 81.1 billion rupees ($1.2 billion) in the three months ended in December, compared with the 81.9 billion-rupee average of estimates. Sales came ...

Bloomberg Japanese Olympic Committee President Tsunekazu Takeda was charged as part of a French corruption probe into the awarding of the 2020 Olympic Games to Tokyo, a person familiar with the matter said. Takeda, however, insisted that he hadn’t been indicted. The charges against Takeda, who led Tokyo’s successful bid, were filed on December 10, said the person, asking not ...

Bloomberg Some of Britain’s largest and most storied manufacturers are making a last-ditch plea to lawmakers to avoid a disorderly retreat from the European Union with stark warnings of production grinding to a halt and political inertia hurting their business. Ultra-luxury carmaker Rolls-Royce said its factory in southern England risks being paralysed in the event of a hard Brexit if ...

Bloomberg US job openings fell to a five-month low in November while still exceeding the number of unemployed Americans by almost 1 million, data consistent with a tight job market. The number of positions waiting to be filled fell by 243,000 to 6.89 million, from a revised 7.13 million in the prior month, according to the Job Openings and Labor ...

Bloomberg When CBS Corp board members go to Los Angeles for their January 31 meeting, they’ll have more on the agenda than just a tour of the local TV studios. The 11-member panel is expected to discuss both the hunt for a permanent chief executive officer and the possibility of a merger with Viacom Inc, according to people familiar with ...

Bloomberg Amsterdam’s homes are going for record prices as more expats move into the city. House prices in the Amsterdam region rose 8 percent in the fourth quarter compared to the year earlier, statistics from realtors association NVM sho-wed. The median transaction price was 448,000 euros ($517,000), a new record. Although the pace of the rise was the slowest in ...

Bloomberg PG&E Corp’s financial woes have spiralled into a crisis of confidence on Wall Street and beyond after fallout from deadly wildfires hobbled the company’s credit rating and eviscerated more than $16 billion of market value. The embattled California power giant’s bonds were among the biggest decliners in the high-yield market. Protesters interrupted a California Public Utilities Commission meeting in ...

Bloomberg Fifth-generation wireless technology may one day handle sci-fi tasks like guiding driverless cars, but today’s consumers are more concerned with making their phones work faster — and that’s not lost on mobile carriers who headed to CES in Las Vegas this year. In coming weeks, AT&T Inc will introduce an interim “5G E” service that promises 50 percent faster ...

Bloomberg Samsung Electronics Co showed off robots at the CES technology conference in Las Vegas, including one for retail stores and another in the healthcare space. The Bot Care can measure blood pressure and heart rate, detect falls and administer medicine, the South Korean technology giant said. It’s designed for in-home use. Bot Retail communicates with consumers in stores, while ...