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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Zurich Insurance falls as CEO fails to convince on growth

  Bloomberg Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December amounted to $685 million compared with a loss of $424 million a year earlier due to restructuring costs ...

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Can Flynn rein in national security apparatus?

Of the many puzzles posed by Donald Trump’s administration, the role of the National Security Council (NSC) is among the trickiest. The NSC usually tries to act as an “honest broker” among Cabinet agencies. But how will it function under a headstrong president who sees his role as disruptor and tweeter-in-chief? This challenge falls to national security adviser Michael Flynn, ...

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Tech fountain of youth isn’t coming for aging companies

  Dig around on finance corners of the internet and you find people touting the logic of May-December corporate romances. If Apple bought all or parts of Time Warner or Disney, or Amazon hitched up with Macy’s Inc., or Google owned a traditional automaker, it would be a sweeter combination than chocolate and peanut butter. The experienced hand and the ...

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Now it’s Shinzo Abe’s turn with Trump

  Japanese Prime Minister Shinzo Abe comes to Washington this Friday bearing gifts, reportedly including a proposal to invest billions in U.S. railroads, bridges and highways. The investment is sorely needed, and the offer will no doubt be appreciated. Still, it’s hard not to ask: Has it come to this? President Donald Trump seems to favour a transactional approach to ...

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Silicon Valley’s united front against travel ban

  Silicon Valley’s biggest firms strongly reacted to US President Donald Trump’s travel ban. They argue that tech world needs immigrants’ creativity and energy to stay competitive. About 58 percent of the engineers and other high-skill employees in Silicon Valley were born outside the US. Hence it is nature that tech giants are against the travel ban. Though the tech ...

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