Business
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Oil jumped more than 2 percent to its highest in more than three weeks
May 15, 2017News Hour: Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018,... -
Thermo Fisher Scientific Inc to buy Dutch drug ingredients maker Patheon NV for $5.2 billion
May 15, 2017News Hour: Thermo Fisher Scientific Inc said on Monday it would buy Dutch drug ingredients maker Patheon NV, as it looks to become a one-stop shop for contract drug development and manufacturing. The offer price of... -
Western Digital sought international arbitration to stop partner Toshiba Corp from selling its chips arm
May 15, 2017News Hour: Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. The two companies jointly... -
Siemens sees the first signs of success from a turnaround of its underperforming medical ultrasound business
May 15, 2017News Hour: Siemens is seeing the first signs of success from a turnaround of its underperforming medical ultrasound business, the chief executive of Siemens Healthineers said on Monday. “We know we can do better and we... -
China’s retail sales grew 10.7 percent year on year in April
May 15, 2017News Hour: China’s retail sales, a key indicator of consumption, grew 10.7 percent year on year in April, 0.2 percentage points slower than the March level, official data showed on Monday. Total retail sales of consumer... -
China’s factories and workshops saw their output slow sharply in April
May 15, 2017News Hour: China’s factories and workshops saw their output slow sharply in April, data showed on Monday, as the world’s second-largest economy grapples with tighter credit and weaker demand. The data comes as China hosts an... -
Toshiba to delay reporting its annual earnings for the past fiscal year
May 15, 2017News Hour: Troubled conglomerate Toshiba on Monday said it will delay reporting its annual earnings for the past fiscal year, but warned it will likely book a net loss of 950 billion yen ($8.4 billion). The... -
Wells Fargo & Co may have opened as many as 3.5 million unauthorized customer accounts
May 14, 2017News Hour: Wells Fargo & Co may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice. The... -
Chile joins AIIB
May 14, 2017News Hour: Chile is joining the Asian Infrastructure Investment Bank (AIIB), the Foreign Ministry announced on Saturday as President Michelle Bachelet paid a visit to China, reports BSS. Bachelet, on a visit to the multilateral lender’s... -
Nissan’s manufacturing plant in Sunderland, northeast England affected by a cyber attack
May 13, 2017News Hour: Nissan’s manufacturing plant in Sunderland, northeast England, has been affected by a cyber attack that has hit nearly 100 countries, a spokesman for the Japanese carmaker said on Saturday, reports Reuters. “Like many organizations...
