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The Baker Hughes campus sits mostly empty in Williston

Halliburton, Baker Hughes set to end $28 billion deal: source

Reuters - Halliburton Co and Baker Hughes Inc are expected to announce the termination of their merger agreement on Monday following opposition from U.S. and European antitrust regulators, a person familiar …

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  • The Baker Hughes campus sits mostly empty in Williston
    Halliburton, Baker Hughes set to end $28 billion deal: source Reuters

    Halliburton Co and Baker Hughes Inc are expected to announce the termination of their merger agreement on Monday following opposition from U.S. and European antitrust regulators, a person familiar with …

    The Baker Hughes campus sits mostly empty in Williston

    Halliburton Co and Baker Hughes Inc are expected to announce the termination of their merger agreement on Monday following opposition from U.S. and European antitrust regulators, a person familiar with the matter said. The contract governing Halliburton's cash-and-stock acquisition of Baker Hughes, which was valued at …

  • FCA sees issues in Deutsche Bank controls over financial crimes, FT reports Reuters

    Deutsche Bank has "serious" and "systemic" failings in its controls against money laundering, terrorist financing and sanctions, according to a confidential letter by the UK's financial regulatory agency, …

    A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt

    Deutsche Bank has "serious" and "systemic" failings in its controls against money laundering, terrorist financing and sanctions, according to a confidential letter by the UK's financial regulatory agency, the Financial Times reported. The watchdog agency, the Financial Conduct Authority (FCA), has now ordered a separate …

  • German finmin criticizes Volkswagen management over bonuses: paper Reuters

    Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. "I …

    German Finance Minister Wolfgang Schaeuble speaks during a news conference at the 2016 World Bank-IMF Spring Meeting in Washington

    Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. "I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and …

  • Air France-KLM to name Jean-Marc Janaillac as new CEO: source Reuters

    Air France-KLM's board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group's next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the matter said on Saturday. …

    An Air France pilot looks on as he taxis his Boeing 777 aircraft after landing at the Charles de Gaulle International Airport in Roissy, near Paris

    Air France-KLM's board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group's next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the matter said on Saturday. Frederic Gagey would remain as head of Air France, the source said. Sixty-three year old Janaillac, CEO of multi-modal …

  • Daimler hires Deloitte for internal emissions probe Reuters

    Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker …

    Car bonnet emblems for Mercedes-Benz S-class models are pictured at a plant in Sindelfingen

    Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said. The investigation is to see if Daimler used devices to manipulate emissions tests and comes after another German …

  • Facebook hit with lawsuit over plan to issue new stock Reuters

    By Dan Levine SAN FRANCISCO (Reuters) - A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move an …

    Facebook CEO Mark Zuckerberg holds a pair of the touch controllers for the Oculus Rift virtual reality headsets during the Facebook F8 conference in San Francisco, California

    By Dan Levine SAN FRANCISCO (Reuters) - A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware …

  • U.S., European trade negotiators battle political headwinds Reuters

    By David Lawder NEW YORK (Reuters) - Facing deeply entrenched differences and political headwinds, the top negotiators trying to reach a sweeping U.S.-European free trade deal avoided agriculture, public …

    A Mini car is seen with a Union flag and European Union flag design on its bonnet in London

    By David Lawder NEW YORK (Reuters) - Facing deeply entrenched differences and political headwinds, the top negotiators trying to reach a sweeping U.S.-European free trade deal avoided agriculture, public procurement and other thorny issues in talks this week. Instead, Assistant U.S. Trade Representative Daniel Mullaney …

  • Bombardier family has no plans to relinquish majority control: chairman Reuters

    By Allison Lampert MIRABEL, Quebec (Reuters) - Bombardier Inc's dual-class share structure is vital to protect the long-term interests of the Quebec-based aerospace and transportation company, and the …

    File photo of a Bombardier C Series aircraft at the Singapore Airshow at Changi Exhibition Center

    By Allison Lampert MIRABEL, Quebec (Reuters) - Bombardier Inc's dual-class share structure is vital to protect the long-term interests of the Quebec-based aerospace and transportation company, and the Bombardier-Beaudoin family has no plans to relinquish its majority control, Executive Chairman Pierre Beaudoin said on …

  • Oil ends steady near $50; best monthly gain in Brent in seven years Reuters

    By Barani Krishnan NEW YORK (Reuters) - Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in …

    File photo of a pump jack is seen near sunflowers in Guthrie, Oklahoma

    By Barani Krishnan NEW YORK (Reuters) - Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years. A weaker dollar and optimism that a global oil glut will ease have lifted crude futures by more than $20 a …

  • Renault board maintains CEO pay deal despite shareholder revolt Reuters

    By Laurence Frost PARIS (Reuters) - Renault stuck by its decision to pay Carlos Ghosn 7.2 million euros ($8.2 million) for 2015, defying a shareholder vote against the chief executive's package on Friday. …

    Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a round table discussion during Auto China 2016 auto show in Beijing

    By Laurence Frost PARIS (Reuters) - Renault stuck by its decision to pay Carlos Ghosn 7.2 million euros ($8.2 million) for 2015, defying a shareholder vote against the chief executive's package on Friday. Investors representing 54 percent of voting rights opposed Ghosn's pay deal at their annual meeting. In a hastily …

  • Nissan to recall 3.53 million vehicles: air bags may not deploy Reuters

    Nissan Motor Co Ltd said on Friday it will recall 3.53 million vehicles, most in the United States, citing passenger-side air bags that may not work properly because vehicle sensors may malfunction. The …

    Man walks past logo of Nissan Motor Co. at the company's showroom in Yokohama

    Nissan Motor Co Ltd said on Friday it will recall 3.53 million vehicles, most in the United States, citing passenger-side air bags that may not work properly because vehicle sensors may malfunction. The Japanese automaker said this is the fourth recall since 2013 to address problems with occupant classification systems …

  • China's Baosteel Group says U.S. Steel accusations groundless Reuters

    By Ruby Lian and Manolo Serapio Jr SHANGHAI/MANILA (Reuters) - China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, …

    A woman is reflected on a wall with a company logo of Baosteel Group at an office in Shanghai

    By Ruby Lian and Manolo Serapio Jr SHANGHAI/MANILA (Reuters) - China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and vowed to protect its legal rights. China's second-biggest steelmaker and the world's fourth …

  • Rovi to buy DVR maker TiVo for $1.1 billion Reuters

    By Liana B. Baker NEW YORK (Reuters) - Rovi Corp, a provider of digital television guides, said on Friday it would buy video recorder pioneer TiVo Inc in a $1.1 billion deal that brings together two video …

    A Tivo Bolt is displayed during the 2016 CES trade show in Las Vega

    By Liana B. Baker NEW YORK (Reuters) - Rovi Corp, a provider of digital television guides, said on Friday it would buy video recorder pioneer TiVo Inc in a $1.1 billion deal that brings together two video software players with deep patent portfolios. The combined company, which will add Tivo's 10 million customers to …

  • Delta orders 37 Airbus A321s worth $4.25 billion Reuters

    By Jeffrey Dastin ATLANTA (Reuters) - Delta Air Lines Inc said on Friday it has ordered 37 current-generation A321 aircraft from Airbus Group SE worth $4.25 billion at list prices, a move that will …

    A Delta plane sits on a runway prior to takeoff at John F Kennedy International Airport in New York

    By Jeffrey Dastin ATLANTA (Reuters) - Delta Air Lines Inc said on Friday it has ordered 37 current-generation A321 aircraft from Airbus Group SE worth $4.25 billion at list prices, a move that will help it replace aging aircraft. The new jets, set to be delivered through 2019, add to A321s Delta already has on order, …

  • McDonald's probes copycat burger joint in separatist east Ukraine Reuters

    By Anton Zverev and Maria Kiselyova MOSCOW (Reuters) - The McDonald's fast food chain said its lawyers were investigating after entrepreneurs in separatist-controlled eastern Ukraine started selling …

    Letters "Mc" and flag of self-proclaimed Luhansk People's Republic are seen on building which before housed McDonald's restaurant in Luhansk

    By Anton Zverev and Maria Kiselyova MOSCOW (Reuters) - The McDonald's fast food chain said its lawyers were investigating after entrepreneurs in separatist-controlled eastern Ukraine started selling McDonald's-style hamburgers out of a restaurant that the company shut down two years ago. The company said it pulled out …

  • Valeant annual report reveals new issues, company overhauls board Reuters

    Valeant Pharmaceuticals International Inc on Friday issued a 2015 financial report that met an important deadline for creditors, revealing new details on a range of financial and legal issues, and it …

    File photo of the headquarters of Valeant Pharmaceuticals International Inc in Laval

    Valeant Pharmaceuticals International Inc on Friday issued a 2015 financial report that met an important deadline for creditors, revealing new details on a range of financial and legal issues, and it also announced changes to its board. Shares in Valeant fell 4.0 percent to $33.81 in midday trading in New York on Friday …

  • Sanofi, Medivation dig in for big biotech takeover battle Reuters

    By Matthias Blamont PARIS (Reuters) - Sanofi and its takeover target Medivation dug in for trench warfare on Friday, with the French drugmaker confident of winning over investors and the U.S. cancer …

    French multinational pharmaceutical company SANOFI logo is seen at the headquarters in Paris

    By Matthias Blamont PARIS (Reuters) - Sanofi and its takeover target Medivation dug in for trench warfare on Friday, with the French drugmaker confident of winning over investors and the U.S. cancer firm insisting it was better off staying independent. Sanofi, which has a track record of winning hostile fights in the …

  • OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters survey Reuters

    By Alex Lawler LONDON (Reuters) - OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than …

    OPEC logo is pictured at its headquarters in Vienna

    By Alex Lawler LONDON (Reuters) - OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages. Top exporter Saudi Arabia, however, made no major change to output, the …

  • Medivation board rejects Sanofi's $9.3 billion takeover offer Reuters

    (Reuters) - Medivation Inc said on Friday its board rejected an unsolicited $9.3 billion takeover proposal from Sanofi SA , saying the offer undervalued the company and its pipeline of oncology drugs. …

    The Sanofi logo is seen at the company's Sanofi Pasteur headquarters in Lyon

    (Reuters) - Medivation Inc said on Friday its board rejected an unsolicited $9.3 billion takeover proposal from Sanofi SA , saying the offer undervalued the company and its pipeline of oncology drugs. Medivation's shares were trading at $56.41 before market open on Friday. "Our Board strongly believes that Medivation's …

  • Mitsubishi Motors has cash to weather mileage scandal, but brand battered, again Reuters

    By Naomi Tajitsu TOKYO (Reuters) - Mitsubishi Motors' (MMC) <7211.T> market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion …

    The company logo of Mitsubishi Motors is seen at its headquarters in Tokyo

    By Naomi Tajitsu TOKYO (Reuters) - Mitsubishi Motors' (MMC) <7211.T> market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages. The scope of its cheating also now seems more …