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Thursday, August 24, 2017

Thomas Cook's Condor preparing offer for Air Berlin planes: source

BERLIN (Reuters) - Thomas Cook's German leisure airline Condor is interested in taking on a double-digit number of planes from insolvent Air Berlin , a source familiar with the negotiations said on Thursday.

Western Digital group to offer $17.4 billion for Toshiba chip unit: sources

TOKYO (Reuters) - A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday.

Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals

WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc , with approvals from a U.S. regulator and the grocery chain's shareholders.

China's JD.com partners Qihoo in push to broaden sales channels

BEIJING (Reuters) - JD.com Inc on Thursday said it has reached a deal to sell goods through the popular browser, search engine and app store of Qihoo 360 Technology Co Ltd , as China's second-biggest e-commerce firm seeks new ways of attracting users.

CRH sells U.S. distribution arm to Beacon Roofing for $2.6 billion

DUBLIN (Reuters) - Irish building materials firm CRH has sold its U.S. distribution business to Beacon Roofing Supply Inc. for $2.63 billion in cash and will use the proceeds to continue an acquisition spree elsewhere, it said on Thursday.

Flying water taxis highlight French startup frustrations

PARIS (Reuters) - French yachtsman Alain Thebault wants to turn a boat design he used to break a world speed sailing record in 2009 into a clean, fast taxi service for the waterways of major cities.

Exclusive: In China, the Party’s push for influence inside foreign firms stirs fears

BEIJING (Reuters) - Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the ruling Communist Party in the local operations of foreign firms, according to three people with knowledge of the discussions.

GE, ABB restart talks over industrial solutions deal: sources

(Reuters) - General Electric Co has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd , after the U.S. industrial conglomerate moderated its price expectations, people familiar with the matter said.

GMH says owner is no supporter of plan for German steel champion

DUESSELDORF/FRANKFURT (Reuters) - Juergen Grossmann, owner of German steel firm Georgsmarienhuette (GMH) and a former CEO of utility RWE , has distanced himself from a report saying his group could play a key role in the country's steel sector consolidation, a spokeswoman said.

Mitsui Sumitomo to buy Singapore insurer for $1.6 billion in SEAsia growth push

SINGAPORE/TOKYO (Reuters) - Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore's First Capital Insurance for $1.6 billion from Canada's Fairfax Financial Holdings , in the biggest takeover by a Japanese insurer in populous Southeast Asia - a key target region for global players.