×

Wires

  • Dec 11- Activist investor Elliott Management Corp said on Monday that NXP Semiconductors NV is worth $135 per share on an intrinsic standalone basis, more than the $110 Qualcomm Inc has offered to buy the company. Elliott on Aug. 4 disclosed its stake in NXP and indicated it was pushing for a higher price than Qualcomm's $38 billion all-cash offer.

  • LONDON, Dec 11- Scientists have for the first time fixed a protein defect that causes Huntingdon's disease by injecting a drug from Ionis Pharmaceuticals into the spine, offering new hope for patients with the devastating genetic disease. Lead researcher Sarah Tabrizi, professor of clinical neurology at University College London, said the ability of the drug...

  • AMSTERDAM— A group of cyclists slams on the brakes as a man pushing a wheeled suitcase stops abruptly in the middle of a busy bike path in downtown Amsterdam to pick up a toiletries bag he dropped. It's a scene that is emblematic of the problem of overtourism that is clogging the streets of cities like Amsterdam, Rome, Barcelona and Venice. City alderman Udo Kock has a...

  • All data is from IFR, which is part of Thomson Reuters:. *Steinhoff has $2 billion of term loans maturing between 2018 and 2020. *The company agreed a 2.9 billion euro revolving credit facility in July 2016.

  • HANOI, Dec 11- Vietnam's biggest fuel distributors said they would complete a shift to an ethanol-blended product by Friday as part of a government program to promote a more eco-friendly fuel. State-owned PetroVietnam Oil Corp, which sells oil and fuels, will replace RON 92 fuel at all of its fuel stations with E5, a mixture of 95 percent of RON 92 and 5 percent of...

  • SAO PAULO, Dec 11- Brazil's federal police are serving 14 search warrants on Monday in connection with a bribery probe implicating meatpacker JBS SA and tax authorities, they said in a statement. The raids are based on plea bargain testimony by JBS executives who suggested that 160 million reais in bribes were paid to speed up the release of tax credits to the...

  • The Shanghai- based startup plans to start producing its first car at a new plant in Wenzhou during the second quarter of next year, Freeman Shen, WM Motor's founder and chief executive, told Reuters ahead of a media event. The exterior design for the SUV was presented at the event in Shanghai on Monday. Tesla's "mass market" Model 3 sedan starts around $35,000 in the...

  • Dec 11- Activist investor Elliott Management Corp said on Monday that NXP Semiconductors NV is worth $135 per share on a intrinsic standalone basis, more than the $110 Qualcomm Inc has offered to buy the company. Elliott Management, which has a stake of about 6 percent in NXP, told fellow shareholders in a letter that Qualcomm's offer was acting as a ceiling on...

  • LONDON, Dec 11- HSBC drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice would end its deferred prosecution agreement, lifting the threat of further penalties. Europe's biggest bank paid a $1.9 billion fine and entered into the five-year deal in 2012 for failing to prevent Mexican drug...

  • NFL AND VERIZON ANNOUNCE PARTNERSHIP TO DISTRIBUTE MOBILE ACCESS TO LIVE NFL GAMES.

  • Dec 11- Auto parts retailer LKQ Corp said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros, including debt, to expand its already large European presence. Stahlgruber will help Chicago- based LKQ compete better with rivals including U.S.-based Genuine Parts Co, which in September announced its foray into Europe with a $2 billion deal to...

  • LONDON, Dec 11- Hedge fund managers have started to take profits from the big rise in crude oil and refined products prices since June now the rally has lost momentum and inventories are showing signs of stabilising. Portfolio managers cut their combined net long position in the five major futures and options contracts linked to petroleum prices by the...

  • *C.bank regular rate-setting meeting due on Dec. 15. *Rate decision due at 1030 GMT, press briefing at 1200 GMT. MOSCOW, Dec 11- The Russian central bank is expected to lower its key interest rate to 8 percent on Friday, in what would be the sixth rate cut so far this year, a Reuters poll showed on Monday.

  • REUTERS POLL- ALL 22 ANALYSTS SEE RUSSIA CENTRAL BANK CUTTING KEY RATE BY 25 BPS TO 8.00 PCT ON DEC 15.

  • JOHANNESBURG, Dec 11- South African bourse operator, JSE Ltd, has launched in investigation into whether. embattled retailer Steinhoff broke its. disclosure rules, it said on Monday.

  • The resignation of Jonathan Christodoro, a former managing director of Icahn Capital LP, ended a standstill arrangement the company and the Icahn Group agreed on in June 2016 and allowed Icahn to make his nominations, Xerox said. Christodoro, a Xerox's board member since June last year, told Xerox's chairman in a letter that he was one of the four Icahn...

  • US TREASURY YIELDS FALL ON REPORT OF INCIDENT IN MANHATTAN, 10- YEAR YIELDS FALL TO 2.36 PCT.

  • SAO PAULO, Dec 11- Brazil's federal police are serving 14 search warrants on Monday in connection with a bribery probe implicating meatpacker JBS SA and tax authorities, they said in a statement. The raids are based on plea bargain testimony by JBS executives who suggested that 160 million reais in bribes were paid to speed up the release of tax credits to the...

  • ROME, Dec 11- Italy has suspended a plan to sell stakes in two businesses it controls to holding company Cassa Depositi e Prestiti after European authorities questioned whether it should be shifting assets to a state-controlled entity, sources said on Monday. Eurostat and the Treasury have been in contact on the matter informally, and the Bank of Italy has...

  • COLUMBIA, S.C.— The parent company of South Carolina Electric& Gas Co. is offering the site of a failed nuclear reactor project to the state-owned utility Santee Cooper. SCANA has proposed giving the Fairfield County site to Santee Cooper so the project could be preserved and perhaps finished at some point in the future, The State newspaper reported.