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Monday, October 9, 2017

Germany, China lift world stocks, Spanish worries simmer

LONDON (Reuters) - World shares rose on Monday, with Chinese stocks hitting 21-month highs and the German index setting a new record, while political uncertainty triggered big moves in sterling, the Turkish lira and Spanish debt.

Google uncovered Russia-backed ads on YouTube, Gmail: Washington Post

WASHINGTON (Reuters) - Google has discovered that Russian operatives spent tens of thousands of dollars on ads on YouTube, Gmail, Google search and other products, The Washington Post reported on Monday.

Weinstein Co board ousts Harvey Weinstein after harassment allegations

(Reuters) - The Weinstein Co has fired co-Chairman Harvey Weinstein, effective immediately, following reports of sexual harassment allegations against the executive, who was one of Hollywood's biggest power brokers, the film production company said on Sunday.

DSW investor group rejects Linde-Praxair merger offer

BERLIN (Reuters) - German investors' association DSW recommended on Monday that shareholders in industrial gases group Linde not tender their shares in an exchange offer for its planned $80 billion merger with U.S. peer Praxair .

Dove faces PR disaster over ad that showed black woman turning white

LONDON (Reuters) - A social media outcry over an advertisement for Dove body wash which showed a black woman removing her top to reveal a white woman has escalated into a public relations disaster for the Unilever brand.

Exclusive: Honeywell prepares to spin off businesses - sources

(Reuters) - Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter.

Uber suspends unlicensed service in Norway in change of tack

(Reuters) - Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities.

Auf Wiedersehen Air Berlin: flights to cease this month

BERLIN (Reuters) - Flights operated by insolvent German carrier Air Berlin will end by Oct. 28 at the latest, it said on Monday, urging staff to seek jobs elsewhere while it works toward a carve-up of its assets.

Qualcomm offers EU concessions over $38 billion NXP takeover bid

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its $38-billion bid for NXP Semiconductors, the largest ever in the semiconductor industry.

GE names Trian co-founder Ed Garden to board

(Reuters) - U.S. industrial conglomerate General Electric Co said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors.