MEXICO CITY, Dec 18 (Reuters) – Mexico’s antitrust commission said on Thursday it had resolved a case over a lack of competition in the mobile operating system market stemming from business practices related to Android. * As part of the ruling, the commission acceptedcommitments from Google to remove contractual restrictions thathad prevented mobile device manufacturers from …
(Fixes typo in headline) Dec 18 (Reuters) – U.S. President Donald Trump took credit during his White House speech on Wednesday night for reducing gasoline prices, increasing power generation, and boosting the coal industry. Here’s a fact check: GASOLINE PRICES Trump said: “Gasoline is now under $2.50 a gallon in much of the country. In …
By Pritam Biswas and Saeed Azhar Dec 18 (Reuters) – Prudential Financial has placed the heads of some key units under the direct supervision of CEO Andrew Sullivan and appointed company veteran Phil Waldeck as the head of its U.S. businesses, in one of the biggest overhauls at the diversified financial services firm. The restructuring …
Prudential puts key units under CEO Sullivan in leadership overhaul Read More »
By Jody Godoy Dec 18 (Reuters) – U.S. antitrust enforcers should consider blocking a bid by Compass, the nation’s largest residential real estate broker, to acquire rival Anywhere Real Estate, amid a housing shortage, two Democratic U.S. Senators said. Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon said in a letter to antitrust …
Compass-Anywhere brokerage deal would hurt homebuyers, US Senators say Read More »
By Jessica DiNapoli NEW YORK, Dec 18 (Reuters) – Ben & Jerry’s independent board late on Wednesday said in a filing that its new corporate owner, the Magnum Ice Cream Company, was not authorized to remove directors including Chair Anuradha Mittal. Magnum, previously a unit of food and household products maker Unilever, this month removed …
Ben & Jerry’s board says Magnum’s removal of chair, directors is unauthorized Read More »
By Timothy Gardner WASHINGTON, Dec 18 (Reuters) – Scientists and companies have been trying for decades to harness fusion energy, the process that fires the sun, to generate electricity on Earth. A $6 billion deal announced on Thursday to merge U.S. President Donald Trump’s social media firm Trump Media and Technology Group with Google-backed TAE …
Explainer-What is fusion energy, the quest coveted by Trump Media? Read More »
By Amanda Stephenson and Shariq Khan CALGARY/NEW YORK, Dec 18 (Reuters) – U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada’s Montney basin, a remote yet massive shale play that is already a hotbed of M&A activity and could see more deals soon, according to executives, …
Why Canada’s hottest shale play is catching the eye of US producers Read More »
OTTAWA, Dec 18 (Reuters) – Canadian Prime Minister Mark Carney on Thursday said a planned trade deal with the United States on key sectors was unlikely, saying the issue would be covered in a planned review of the United States-Canada-Mexico trade pact next year. The two sides had been close to a deal to address …
Carney plays down chances of Canada-US trade deals in key sectors Read More »
By Apratim Sarkar Dec 18 (Reuters) – Bill Ackman-backed Howard Hughes Holdings said on Thursday it will buy specialty insurance firm Vantage Group Holdings for about $2.1 billion, as the real estate firm diversifies beyond property development. Howard Hughes will fund the deal with cash and up to a $1 billion loan from hedge fund …
Ackman-backed Howard Hughes to buy insurer Vantage for $2.1 billion Read More »
Dec 18 (Reuters) – Moderna will get up to $54.3 million in funding from a global coalition to support late-stage development of its experimental bird flu vaccine, the U.S. drugmaker said on Thursday. The vaccine, mRNA-1018, would be the first mRNA-based bird flu vaccine to enter a pivotal trial, Moderna said. In May, the Trump …
Moderna secures up to $54.3 million funding for bird flu vaccine from global coalition Read More »
