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Updated: 38 min 8 sec ago

SoftBank's WeWork financing would lead to Adam Neumann's exit - sources

1 hour 43 min ago
SoftBank Group Corp offered close to $10 billion (£7.71 billion) to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling U.S. office-space sharing start-up afloat that would lead to the exit of its co-founder and Chairman Adam Neumann, people familiar with the matter said on Monday.
Categories: India News

Drug companies avert landmark opioids trial as talks on $48 billion settlement set to resume

2 hours 4 min ago
Four large drug companies could resume talks on Tuesday to try to reach a $48 billion (£37.01 billion) settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the U.S. opioid epidemic.
Categories: India News

SoftBank offers to lend WeWork $5 billion, buy out insiders - sources

2 hours 28 min ago
SoftBank Group Corp has made a $5 billion (£3.86 billion) debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with the matter said on Monday.
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UBS, Simmons Energy pare bankers as shale M&A slows - sources

2 hours 42 min ago
UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.
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Trade hopes move S&P 500 close to new record high

2 hours 56 min ago
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
Categories: India News

SoftBank extends $5 billion debt financing offer to WeWork - sources

3 hours 17 min ago
SoftBank Group Corp has made a $5 billion (£3.86 billion) debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with the matter said on Monday.
Categories: India News

Companies slow to disclose financial costs of climate change - report

3 hours 52 min ago
U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody's Investors Service said in a report on Monday.
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Embraer lands $1.4 billion corporate plane order as business jet show kicks off

4 hours 26 min ago
Deals kicked off on Monday ahead of the world’s largest business jet show, led by a $1.4 billion (£1.08 billion) order for aircraft from Brazil's Embraer SA while rivals touted recent improvements in flight ranges and aftermarket services.
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Trump's Vuitton visit stirs discord at the brand as designer hits out

4 hours 26 min ago
Louis Vuitton designer Nicolas Ghesquiere has hit out at Donald Trump after the U.S. president inaugurated one of the brand's factories last week, distancing himself from a visit that was attended by top executives from parent group LVMH .
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Opioid talks with Teva, distributors could resume Tuesday - attorney

4 hours 29 min ago
Talks to reach a settlement of thousands of lawsuits stemming from the U.S. opioid addiction crisis could resume as soon as Tuesday, an attorney for local governments said on Monday.
Categories: India News

Exclusive: Europe regulator to clear Boeing 737 MAX in Jan at earliest

4 hours 52 min ago
European regulators expect to clear Boeing's grounded 737 MAX to return to service in January at the earliest, following flight trials by European test pilots scheduled for mid-December, Europe's top aviation safety official told Reuters.
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Planemakers rev up aftermarket services as business jet show kicks off

7 hours 5 min ago
Corporate planemakers announced plans on Monday to improve maintenance and parts accessibility for customers, amid a broader industry push for higher-margin aftermarket services.
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Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

7 hours 56 min ago
Four large drug companies reached a last-minute $260 million (£200 million) legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
Categories: India News

Shun Malaysia, India's palm oil buyers told amid Kashmir standoff

9 hours 10 min ago
India's top vegetable oil trade body on Monday asked its members to stop buying palm oil from Malaysia, an unprecedented call aimed at helping New Delhi punish the country for criticising India over its policy towards Kashmir.
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Drug companies reach $260 million settlement, averting first federal opioid trial

9 hours 24 min ago
Four large drug companies reached a last-minute $260 million (£200 million) legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland.
Categories: India News

SAP teams up on cloud sales with Microsoft

9 hours 27 min ago
Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud.
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Infosys U.S. listed shares plunge after whistleblower complaints

9 hours 57 min ago
U.S.-listed shares of Infosys Ltd fell nearly 16% in premarket trading on Monday after the Indian software services exporter said it had received whistleblower complaints alleging "unethical practices" by the company's executives.
Categories: India News

Drug companies reach settlement, averting first federal opioid trial

10 hours 34 sec ago
Four large drug companies reached a last-minute $260 million (£200 million) legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland.
Categories: India News

Trade pact differences with U.S. broadly resolved: Piyush Goyal

10 hours 40 min ago
India's Trade Minister Piyush Goyal said on Monday that the broad outline of a trade deal with the United States has been worked out and suggested there could be an announcement soon.
Categories: India News

Drug companies reach settlement as opioid trial set to begin

10 hours 58 min ago
Four drug companies reached a last-minute legal settlement over their role in the opioid addiction epidemic just as a nine-week trial was scheduled to start in Cleveland, the Wall Street Journal reported Monday.
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