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COPENHAGEN (Reuters) -A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources. Northvolt is in talks with investors and lenders to secure short-term funding of some …

Northvolt co-founder, Swedish funds may inject cash, broadcaster reports Read More »

By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday. The move, sources have previously told Reuters, forms part of CEO Andrea Orcel’s strategy aimed at slimming down the corporate …

UniCredit inks jobs deal with unions in corporate centre downsizing Read More »

ROME (Reuters) -Italy is in talks with several companies including U.S. energy group Westinghouse and France’s EDF as potential partners for a state-backed company that will build advanced nuclear reactors in the country, Energy Minister Gilberto Pichetto Fratin said. “The scale of investment in nuclear power requires cooperation with several international players,” he told reporters, …

Italy in talks with Westinghouse, EDF for nuclear plants, minister says Read More »

(Reuters) -German science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for $600 million, it said ahead of its Capital Markets day on Thursday. “Our guiding principle is and always has been, the right target, at the right time, for …

Germany’s Merck open to more M&A for its Life Science division Read More »

(Reuters) – Travelers Companies’ third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto …

Insurer Travelers beats profit estimate on underwriting strength, investment gains Read More »

By Victoria Waldersee BERLIN (Reuters) -Volkswagen unions and management are in the midst of talks unions say went from abysmal to controversial, as workers have accused the carmaker of failing to present a vision for the future despite assurances that a new strategy is underway. In an interview published online to workers in Volkswagen’s works …

VW, unions in fact-finding talks as carmaker develops new strategy Read More »