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Tuesday, October 10, 2017

Honeywell review opts to keep bulk of aerospace business

(Reuters) - Honeywell International Inc unveiled a corporate makeover on Tuesday that ties its growth more strongly to aerospace technology - the opposite of what activist investor Third Point Capital has urged since April.

Wal-Mart launches $20 billion buyback plan

(Reuters) - Wal-Mart Stores Inc on Tuesday unveiled a $20 billion share buyback plan and forecast U.S. online sales to increase by about 40 percent in the fiscal year ending January 2019.

OPEC Secretary General urges U.S. shale oil producers to help cap global supply

NEW DELHI (Reuters) - OPEC's Secretary General Mohammed Barkindo on Tuesday called on U.S. shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term.

Trian's Peltz to face close Procter & Gamble shareholder vote

(Reuters) - Procter & Gamble Co on Tuesday will become the biggest ever company to face a shareholder vote over a proxy contest, seeking to prevent activist hedge fund Trian Fund Management LP CEO Nelson Peltz from securing a seat on its board of directors.

Uber says UK National Insurance contributions would cost tens of millions of pounds

LONDON (Reuters) - Uber said on Tuesday that paying National Insurance contributions for its British drivers would add tens of millions of pounds to the taxi app's costs were they to be deemed employees.

Netflix fends off criticism over Canada investment

(Reuters) - Netflix Inc said on Tuesday it had received formal approval to start a C$500 million production unit in Canada and sought to quell talk that it had asked for special tax benefits for investing in its first such unit outside the United States.

Pfizer mulls options for consumer healthcare business

(Reuters) - Pfizer Inc said on Tuesday it was reviewing options for its consumer healthcare business, including a full or partial separation of the unit.

Exclusive: EU regulators to approve Atlantia, Abertis deal - sources

MILAN/BRUSSELS (Reuters) - EU antitrust regulators are expected to clear without conditions Italian infrastructure group Atlantia's bid for Spanish Abertis to create the world's largest toll-road operator, three sources with knowledge of the matter said on Tuesday.

Kobe Steel's data-fabrication stuns Japanese manufacturers

TOKYO (Reuters) - Japan's government sought on Tuesday to contain the fallout from the disclosure by the nation’s third-biggest steel maker, Kobe Steel Ltd , that it had fabricated data on components used in cars, aircraft and space rockets, sending shock waves through the Japanese manufacturing sector.

Air France continues long-haul drive with Vietnam Airlines joint venture

PARIS/HANOI (Reuters) - Air France signed a new joint venture deal with Vietnam Airlines and said it was in advanced talks with India's Jet Airways over a partnership as part of efforts to boost its long-haul network.