EU regulators delay ChemChina/Syngenta merger decision to April 12

BRUSSELS (Reuters) – European Union antitrust regulators have extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days to April 12. Syngenta said in a statement the two companies had asked for the extension to allow “sufficient time for the discussion of remedy proposals”. […]




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Twitter’s China boss Kathy Chen quits after eight months

NEW YORK/BEIJING (Reuters) – Twitter Inc (TWTR.N) executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend. Twitter has been blocked in China since 2009 but is still used through virtual private networks (VPN). Domestically, the Sina Weibo microblogging […]




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BlackRock’s U.S.-based active funds post record 2016 withdrawals: Morningstar

By Trevor Hunnicutt NEW YORK (Reuters) – Investors pulled $19.3 billion from BlackRock Inc’s (BLK.N) U.S.-based actively managed mutual funds in 2016, Morningstar Inc estimates showed on Tuesday, a record high as the investment industry struggles to restrain an exodus to lower-cost investments. The funds posted nearly $8.5 billion in outflows during the fourth quarter, […]




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Hershey names COO Michele Buck as chief executive

(Reuters) – U.S. chocolate maker Hershey Co (HSY.N) named Chief Operating Officer Michele Buck as its chief executive and president, pinning its hopes on a company veteran to build on a recovery in demand in North America. Buck, whose appointment is effective March 1, will succeed John Bilbrey, who said in October he would retire […]




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U.S. manufacturing, construction sectors shine as year ended

By Lucia Mutikani WASHINGTON (Reuters) – U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and rapidly rising raw material prices, indicating that some of the drag on manufacturing from prolonged dollar strength and a slump in oil prices was fading. Other data on Tuesday showed U.S. construction […]




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Toshiba shares slip ahead of chip business sale approval

TOKYO (Reuters) – Shares of Toshiba Corp 6502.T slipped in early trading on Wednesday as the company prepared to give the nod to spinning off its chip business. Its shares slumped 2.2 percent to 254 yen, even as the Nikkei stock index (.N225) rose 1.7 percent. Toshiba’s board will meet on Friday to approve plans […]




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