Business

CHICAGO/CALGARY, Alberta (Reuters) – Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has proposed a takeover of Bunge Ltd (BG.N), according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc (GLEN.L). Large grain traders that make money by buying, selling, storing and shipping crops
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(Reuters) – McDonald’s Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that began in 2015. Administrative Law Judge Lauren Esposito in Manhattan said that even though
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(Reuters) – The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies. A top division chief at the U.S. Securities and Exchange Commission detailed the agency’s concerns about the wild-trading
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WASHINGTON (Reuters) – The U.S. government and MetLife Inc (MET.N) announced on Thursday they would jointly seek to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system. MetLife and the Financial Stability Oversight Council (FSOC), a top federal panel of financial regulators, filed a
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LONDON (Reuters) – Nestle (NESN.S) proposed three new independent directors to its board on Thursday, as the world’s largest food company seeks to accelerate its transformation into a health-conscious company. Pablo Isla, chief executive of Zara-owner Inditex, Adidas (ADSGn.DE) CEO Kasper Rorsted and Kimberly Ross, former chief financial officer of Baker Hughes (BHGE.N) will stand
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LONDON (Reuters) – Strong Chinese data on Thursday kept world stocks hovering near record highs, as bond markets pushed U.S. Treasury yields – the benchmark for global borrowing costs – to a 10-month high. Underlining the momentum of the world economic expansion into the back end of last year, both Chinese fourth quarter growth of
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(Reuters) – Wall Street’s main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the financial sector. Bank stocks were trading lower for much of the session following underwhelming results from Goldman Sachs and Bank of America. Goldman Sachs was down 2.28 percent after posting its first
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(Reuters) – Industrial conglomerate General Electric (GE.N) has appointed Peter Stracar chief executive and president of its European region, the company said in a statement. Stracar, has been chief executive of GE Central and Eastern Europe since 2013, succeeds Mark Hutchinson, who the company said was retiring from GE as of Jan. 1. (bit.ly/2mH0tZn) The
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DETROIT (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s (VOWG_p.DE) 2015 diesel emissions scandal. General Motors Co (GM.N) said at the Detroit auto show it would offer a diesel 2019 Chevrolet Silverado pickup truck and now offers diesel versions of its Equinox, Cruze,
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PARIS (Reuters) – Airbus (AIR.PA) is three years away from recovering leadership of the commercial aircraft market by outproducing U.S. rival Boeing (BA.N), its top planemaker predicted on Monday. Speaking to journalists after posting higher orders and deliveries in 2017, Chief Operating Officer and planemaking president Fabrice Bregier said he was prepared to bet that
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DETROIT (Reuters) – General Motors Co on Saturday fired a new round in the battle for profits from one of the U.S. auto industry’s most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at Detroit’s auto show. The new Silverado, a highlight of the show, is the successor to
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(Reuters) – Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The S&P 500 and Nasdaq both registered their eight record closing highs out of the first nine trading days of
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LOS ANGELES (Reuters) – Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg and Twitter Inc (TWTR.N) Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co’s (DIS.N) board because of growing conflicts of interest between the media giant and the technology companies, Disney said on Friday. Disney is moving heavily into online delivery
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WASHINGTON (Reuters) – Underlying U.S. consumer prices recorded their largest increase in 11 months in December on gains in the cost of rental accommodations and healthcare, bolstering expectations that inflation will accelerate this year. The strengthening domestic demand was also underscored on Friday by other data showing retail sales increasing at a solid clip in
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