Friday Papers: Pfizer in $17bn deal to buy Hospira
Top stories Financial Times: Pfizer has unveiled its biggest deal since abandoning an ill-fated pursuit of AstraZeneca, agreeing to buy a maker of copycat biotech drugs and sterile injectables,...
View ArticleSaturday Papers: Norfolk Southern rejects $29bn CP bid
Top stories Financial Times: Norfolk Southern, one of the largest US railway operators, has rejected a $29 billion takeover approach from rival Canadian Pacific as “grossly inadequate,” and creating...
View ArticleWednesday Papers: Shell plans big cost cuts on BG merger
Top stories The Daily Telegraph: Shell is planning to slash $7 billion (£4.7 billion) of costs, $8 billion of investment and 10,300 jobs in the next two years if shareholders approve its plan to buy...
View ArticleTuesday Papers: Deutsche Bank to rip out IT systems
Top stories Financial Times: John Cryan will promise to rip out and replace much of Deutsche Bank’s messy and outdated technology as one of his top priorities when the German bank’s new boss presents...
View ArticleVolkswagen diesel scandal: What you need to know
Overview: On Friday the Environmental Protection Agency accused Volkswagen of violating the federal Clean Air Act by cheating emissions testing on its 2.0-liter four-cylinder turbo diesel engines....
View ArticleVolkswagen scandal threatens 'Made in Germany' image
BERLIN: Until last Friday, the mighty Volkswagen brand symbolised German engineering prowess and reliability. In just four days, that has changed radically. A scandal over cheating on US diesel...
View ArticleFriday Papers: Bank of England to boost watchdog role
Top stories The Guardian: The Bank of England plans to beef up its watchdog role after it failed to spot one of the biggest scandals in the City’s recent history. Financial Times: Royal Bank of...
View ArticleThe Latest: 1.2 million Skoda cars affected by VW scandal
BERLIN (AP) -- The latest developments on the Volkswagen emissions scandal. All times local. --- 7:45 p.m. Czech carmaker Skoda Auto, which belongs to Volkswagen AG, says 1.2 million of its vehicles...
View ArticleWednesday Papers: VW shares tumble as global inquiries launched
Top stories Financial Times: Shares in carmakers in Europe and the US tumbled, as investors worried that the Volkswagen scandal could draw in other carmakers and threaten the future of diesel...
View ArticleThe Latest: Dutch VW dealers halt sale of diesel cars
BERLIN (AP) -- The latest developments on the Volkswagen emissions scandal. All times local. --- 9:40 p.m. Dutch Volkswagen dealers are halting the sale of diesel cars that may be affected by the...
View ArticleMaurice Blackburn files $100m class action against Volkswagen
Law firm Maurice Blackburn has launched a class action lawsuit on Thursday on behalf of Australian owners of scam-tainted Volkswagen seeking total damages "well north" of $100 million. Volkswagen is...
View ArticleFriday Papers: Swiss stun markets and scrap franc ceiling
Top stories Financial Times: Switzerland’s central bank stunned markets in one of the most dramatic currency interventions in decades as it unexpectedly abandoned a ceiling put in place more than three...
View ArticleVolkswagen's value plummets by $15 billion in a single day
The revelation that Volkswagen had cheated on emissions testing for more than 500,000 diesel cars in the US was enough to pollute consumer confidence in the company, and send stocks plunging by 17.1%...
View ArticleWednesday Papers: BT billing on EE costs ‘inappropriate’
Top stories Financial Times: The telecoms regulator has labelled “inappropriate” a move by BT to bill part of the cost related to its £12.5 billion acquisition of EE to its Openreach division, which...
View ArticleThursday Papers: Samsung gets ticking with new smartwatch
Top stories Financial Times: Samsung Electronics has become the first global mobile computing company to launch a smartwatch, leaping ahead of rivals Apple, Google and Microsoft in the “wearable...
View ArticleWednesday Papers: Rolls-Royce chief warns of job cuts
Top stories The Guardian: The new chief executive of Rolls-Royce has warned that senior job losses will form part of £200 million in annual cost cuts. The Daily Telegraph: Europe’s banks are barely...
View ArticleMonday Papers: Saudi Arabia withdraws overseas funds
Top stories Financial Times: Saudi Arabia has withdrawn tens of billions of dollars from global asset managers as the oil-rich kingdom seeks to cut its widening deficit and reduce exposure to volatile...
View ArticleSchaeffler Said to Face Shadow of Volkswagen in IPO Meetings
Auto parts supplier Schaeffler AG is fielding questions from investors over the scandal facing its biggest customer Volkswagen AG, a slowdown in China and the shift to hybrid vehicles, as it markets an...
View ArticleMonday Papers: Saudi Arabia to keep on pumping oil
Top stories Financial Times: Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom’s economy....
View ArticleTuesday Papers: Shell abandons Alaska Arctic drilling
Top stories The Guardian: Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition in what jubilant environmentalists described as “an...
View Article