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Reuters: Business News

Investment firms explore buyout of Yum China: sources
Investment firms are exploring a buyout of Yum China Holdings Inc. in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters.


POSTED AUGUST 15, 2018 12:07 AM
Walmart teams up with Ellen DeGeneres to launch fashion line
Walmart Inc said on Wednesday that it would tie up with comedian and talk show host Ellen DeGeneres to launch a women's fashion line, its latest attempt to make deeper inroads into the apparel space and gain market share in the category.


POSTED AUGUST 15, 2018 12:06 AM
China says U.S. solar tariffs violate trade rules, lodges WTO complaint
China's commerce ministry said a U.S. decision to subsidize renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China's interests, firing the latest shot in a broader trade conflict.


POSTED AUGUST 14, 2018 11:46 PM
Asian stocks retreat as Turkey worries weigh, dollar buoyant
Asian stocks retreated on Wednesday, failing to follow Wall Street's gains, while the dollar was near a 13-month high as concerns about Turkey's financial crisis weighed on investor appetite despite the lira's move away from an all-time low.


POSTED AUGUST 14, 2018 10:55 PM
Soros Fund Management adds popular tech names, BlackRock in second quarter
Soros Fund Management LLC added Facebook Inc, Apple Inc and Twitter Inc, but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.


POSTED AUGUST 14, 2018 9:22 PM
Musk bid for Tesla: no formal offer, no firm deals with advisers
Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.


POSTED AUGUST 14, 2018 8:53 PM
A look at Tesla's nine-member board
Tesla Inc's board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him.


POSTED AUGUST 14, 2018 8:53 PM
Major Tesla shareholders trimmed stakes last quarter: filings
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.


POSTED AUGUST 14, 2018 8:53 PM
Goldman shareholders can again pursue class action over CDOs
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.


POSTED AUGUST 14, 2018 7:53 PM
Lockheed wins $2.9 billion contract for U.S. missile warning satellites
Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.


POSTED AUGUST 14, 2018 7:04 PM

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