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Current feed - Reuters: Business News

Linde-Praxair deal clears final hurdle with U.S. antitrust nod
Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time.

Hasbro results dented by lingering Toys 'R' Us woes, shares drop
Toymaker Hasbro Inc missed analysts' expectations for quarterly revenue and profit on Monday, as the demise of major retail partner Toys 'R' Us hurt sales in Europe and the United States, sending its shares down as much as 8 percent.

Exclusive: Aston Martin considers flying in components, changing ports to handle Brexit
Aston Martin is considering flying in car components and moving more parts through UK ports other than Dover to avoid possible border friction after Britain leaves the European Union, its boss told Reuters.

Philip Morris stop-smoking campaign attacked as PR stunt
Marlboro cigarette maker Philip Morris International drew accusations of hypocrisy on Monday after using a four-page newspaper advertisement to urge smokers to quit cigarettes.

Wall Street drops as China support fades, earnings disappoint
U.S. stocks edged down on Monday as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower.

KKR's Calsonic buys Fiat Chrysler parts firm Magneti Marelli for $7.1 billion
Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.

Belgium chooses Lockheed's F-35 over Eurofighter: Belga
Belgium has chosen Lockheed Martin's F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, news agency Belga cited government sources as saying, in a move that would cement the U.S.-made war plane's position in Europe.

Hasbro sees no impact from Sears bankruptcy
Hasbro Inc said on Monday the recent bankrupt retailer Sears Holding Corp will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year.

Oil slips below $80 after Saudi pledges rapid output rise
Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its crude production to a record, two weeks before U.S. sanctions potentially choke off Iranian crude supplies.

Netflix unveils $2 billion debt issue to fund new content
Netflix Inc announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.

 

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