Reuters - Business Today

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Tuesday, November 28, 2017

Emerson Electric pulls Rockwell Automation bid off table

(Reuters) - Factory automation maker Emerson Electric Co on Tuesday withdrew its offer to buy Rockwell Automation Inc after the smaller rival rebuffed its buyout offer twice.

SoftBank offers to buy Uber shares at 30 percent discount

SAN FRANCISCO (Reuters) - Japan's SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

Global crypto-currency crackdown sparks search for safe havens

NEW YORK (Reuters) - When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform's tokens.

Traders await Powell hearing; Brexit doubts grip pound

LONDON (Reuters) - The dollar was stuck near a two-month low on Tuesday as traders waited for the confirmation hearing of new Federal Reserve chair Jerome Powell, while the pound slipped from a two-month high as Brexit-related doubts began to re-exert their grip.

Arby's restaurant owner to buy Buffalo Wild Wings for $2.4 billion

(Reuters) - Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings Inc for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy fight demanding management change.

Amazon is a potential customer, says Textron aviation chief

(Reuters) - Textron Inc sees Amazon.com Inc as a potential customer, the head of the company's aviation business told CNBC on Tuesday, given the increased need for freight and transport with a booming ecommerce industry.

Airbus poaches Rolls-Royce executive to head aircraft sales

PARIS/LONDON (Reuters) - Airbus has hired the boss of Rolls-Royce's civil engines division, Eric Schulz, to replace John Leahy as head of commercial aircraft sales, following months of uncertainty over who would replace the veteran dealmaker.

U.S. boom in RV shipments keeps rolling

(Reuters) - The boom in U.S. recreational vehicle sales keeps on rolling, thanks to a strong economy and a wave of retiring Baby Boomers and others filled with wanderlust.

Shell signals return to pure cash dividend, focus on renewables

LONDON (Reuters) - Royal Dutch Shell will return to paying pure cash dividends and step up its investment in cleaner energy as it turns a corner after more than two years of cost cuts and disposals prompted by weak oil prices.

Siemens, Airbus, Rolls-Royce team up on hybrid-electric propulsion

(Reuters) - Airbus , Rolls-Royce and Siemens have come together to develop a hybrid electric engine as the race intensifies to advance battery technology and electric motors to lower flying costs and move away from fossil fuels.