Reuters : Business (209)

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

MONTREAL/PARIS - Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co.

Global stocks stay buoyant as dollar, bond yields rise

LONDON - World equity markets held close to all-time highs on Tuesday, as investors latched on to rising bets on higher borrowing costs in the U.S. and Britain.

Midnight in Toulouse: How CSeries deal shook status quo

TOULOUSE, France - Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night.

China factories grapple with soaring prices as pollution crackdown bites

GUANGZHOU, China - Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers.

U.S. exchanges set for highest number of Asian IPOs since 2010

HONG KONG - U.S. exchanges are set to record their busiest year for IPOs from Asian firms since 2010 and may sustain the pace in 2018, as startups from Taiwan, Singapore, Indonesia and Vietnam join a flurry of Chinese firms that have already listed in the country.

Malaysia CEO to return to Ryanair to help fix pilot problems

DUBLIN - Malaysia Airlines' chief executive Peter Bellew is to leave after just over a year in charge and rejoin former employer Ryanair as chief operations officer, the Irish airline said in a statement.

NAFTA trade ministers to square off over hard-line U.S. demands

WASHINGTON - Trade ministers from the United States, Canada and Mexico wrap up a contentious round of NAFTA trade talks on Tuesday marked by aggressive U.S. demands that have left the future of the 23-year-old free trade pact in doubt.

Habitual cheat: Kobe Steel faked product data for more than 10 years - source

TOKYO - When cheating becomes habitual, the consequences could be costly.

Kobe Steel faked quality data for more than 10 years: source

TOKYO - Kobe Steel Ltd falsified data on product quality and specifications longer than the 10 years that the company had previously stated, a source with knowledge of the matter said.

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

MONTREAL/PARIS - Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.

Oil elevated as Iraq tensions escalate, Asian shares hold firm

TOKYO - Oil prices clung to this month's high on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares held firm on optimism about upcoming earnings.

Netflix adds more subscribers than expected, shares hit record

- Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally.

Oil prices firm as Iraq tensions escalate, shares extend rally

TOKYO - Oil prices held firm on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares look set to extend their bull run on optimism about upcoming earnings.

Airbus to take majority stake in Bombardier C-Series jet program

MONTREAL/PARIS - Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc's CSeries program in a deal that the Canadian plane-and-train-maker said would boost sales and position the company strategically against a potentially costly U.S. trade dispute with Boeing Co .

Procter & Gamble says Peltz loses board seat bid by around 6 million votes

- Procter & Gamble Co said on Monday that activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company's board by 6.15 million votes, according to its preliminary tally.

Airbus to take majority stake in Bombardier's C-Series program

- Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc's C-Series passenger jet program.

Major Sears investor Berkowitz departs board; stock plunges

- Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent.

Tough U.S. NAFTA demands send ball back into lobbyists' court

ARLINGTON, Va. - Lobbying efforts on the North American Free Trade Agreement faced a major test this week after the Trump administration ignored advice from U.S. business groups and pitched proposals to radically reshape NAFTA, leaving its future in doubt.

Striking Canadian autoworkers ratify GM deal

MONTREAL - Striking Canadian workers on Monday voted nearly 86 percent in favor of a new four-year agreement with General Motors Co in a deal that would make it more costly for the U.S. automaker to shut the Ontario plant.

Activist investor RBR launching campaign to break up Credit Suisse: FT

- Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG into three parts, the Financial Times reported on Monday.

Netflix adds more subscribers than expected, shares hit record

- Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally.

Wall St. inches up with financials; earnings in focus

NEW YORK - All three major U.S. stock index rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week and as financial shares recovered from last week's losses.

Colony Capital injects cash, in talks to buy Weinstein Co

NEW YORK - The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein.

Wells Fargo brokerage to return $3.4 million for risky products

NEW YORK - A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank.

Wall St. inches up with financials, energy

- U.S. stocks edged higher on Monday as financial shares recovered from last week's losses and higher oil prices lifted energy shares.

Nordstrom family suspends attempt to take U.S. retailer private

- Nordstrom Inc said on Monday that a founding family group had suspended attempts to take the U.S. department store operator private because of difficulties in arranging debt financing for its bid ahead of the key holiday shopping season.

Colony Capital injects cash, in talks to buy Weinstein Co

NEW YORK - The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein.

Striking Canadian union approves deal with GM

MONTREAL - General Motors Co. on Monday welcomed the ratification of a new four-year agreement by unionized workers at its SUV plant in Ontario, Canada, ending a near month-long strike.

Tough U.S. NAFTA demands send ball back into lobbyists' court

ARLINGTON, Va. - Lobbying efforts on the North American Free Trade Agreement hit a crucial stage this week after the Trump administration ignored the U.S. business community's advice and pitched proposals to radically reshape NAFTA, leaving its future in doubt.

U.S. buyers favor iPhone 7 over 8: research

- Apple Inc's older iPhone 7 models are outselling the recently launched iPhone 8 ahead of the early November debut of the premium iPhone X, broker KeyBanc Capital Markets said, citing carrier store surveys.

Wall Street hits fresh record on financial, tech gains

- Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a barrage of earnings reports this week.

Exclusive: China offers to buy 5 percent of Saudi Aramco directly - sources

DUBAI/LONDON - China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.

China data boosts world stocks and commodities, oil jumps

LONDON - World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as an escalation in fighting between the Iraqi government and Kurdish forces threatened supply.

Exclusive: T-Mobile, Sprint plan merger without selling assets

- T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.

Wall Street to inch up as earnings head for higher gear

- Wall Street was set to open slightly higher on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week.

BlackBerry shares down after another top exec leaves

- BlackBerry's U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month.

China data boosts world stocks and commodities, oil jumps

LONDON - World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply.

Fake paperwork, poor parts challenge China's aerospace boom

SHANGHAI - Chinese suppliers to U.S. flight control systems maker Moog sold it poorly made parts, faked paperwork and outsourced work to a factory not approved by the company, according to an internal report by U.S. aviation regulators.

Toyota to test self-driving, talking cars by about 2020

TOKYO - Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence to engage with drivers, as the company competes with tech firms to develop new vehicles.

Daimler takes first steps on new structure for cars and trucks

BERLIN - Daimler said it has taken the first steps towards a new structure that could see its Mercedes Benz cars and vans and its Daimler Trucks divisions split off into separate entities.

Kobe Steel shares hit near five-year lows as cheating scandal raises financial risks

TOKYO - Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd in crisis and ensnared hundreds of firms, the embattled steelmaker's shares skidded to five-year lows on Monday as investors worried about the financial and legal fallout.

Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal

- Food services company Aramark said on Monday it would buy Avendra LLC, majority owned by Marriott International Inc , and uniform and linen supplier AmeriPride Services Inc for a total of $2.35 billion, before tax benefit adjustments.

As the quartet breaks up, central banking leadership flux looms

WASHINGTON - The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible political landscape will challenge ...

Asian shares conquer 10-year peak, oil up on Iraq tensions

SYDNEY - Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces threatened supply.

Kobe Steel shares tumble to near five-year low as cheating crisis deepens

TOKYO - Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese steelmaker ensnared hundreds of firms and left investors fearing for the financial and legal fallout.

Asian shares conquer new peaks, oil up on Iraq tensions

SYDNEY - Asian shares advanced to new highs on Monday following Wall Street's lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and Kurdish forces threatened supply.

Bombardier exploring options for aerospace businesses: Bloomberg

- Canadian train-and-plane maker Bombardier Inc is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday.

Viacom, Spectrum continue talks past 7 pm deadline: source

- Viacom Inc and cable operator Spectrum continued talks Sunday night as the 7 pm ET deadline on their programming agreement passed, a source familiar with the situation told Reuters.

Bombardier exploring options for aerospace businesses: Bloomberg

- Canadian aerospace manufacturer Bombardier Inc is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday.

Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

- T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.