Business

FRANKFURT (Reuters) – The chief executive of German energy producer Uniper (UN01.DE) has criticized Finnish suitor Fortum (FORTUM.HE) for a lack of clarity about its intentions in a planned 8 billion euro ($9.6 billion) takeover of the company. Fortum has agreed to buy 47 percent of Uniper from Uniper’s parent E.ON (EONGn.DE) and offered the
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FRANKFURT (Reuters) – Did you mean Birkenstock? A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google. The ruling is a victory for the German sandal maker, whose relationship with Amazon has grown increasingly antagonistic. It convinced
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FRANKFURT (Reuters) – Volkswagen AG said on Thursday it would petition Germany’s constitutional court in an effort to overturn the appointment of a special auditor to investigate the actions of management in the “Dieselgate” emissions scandal. A lower court appointed the auditor in November, in a victory for shareholder groups that want to establish whether
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WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits was unchanged last week and the underlying trend remained consistent with a tightening labor market. U.S. workers filed 245,000 initial claims for state unemployment benefits during the week that ended Dec. 23, according to seasonally adjusted figures published by the Labor Department on Thursday.
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NEW YORK (Reuters) – U.S. stocks eked out a slight gain on Wednesday, as advances in some major technology stocks offset losses in energy and helped keep major indexes just above the unchanged mark. The S&P technology index was up 0.2 percent and managed to snap a five-session losing streak, its longest since April. The
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(Reuters) – Tesla Inc (TSLA.O) is likely to deliver about 5,000 Model 3s in the fourth quarter, KeyBanc Capital Markets analysts said on Wednesday, far below the brokerage’s estimate of 15,000. The numbers indicate that the electric carmaker may still not be out of its self-described “manufacturing hell” for the production of the $35,000 Model
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(Reuters) – The original owner of the Baha Mar Resort, BML Properties Ltd, has filed a $2.25 billion lawsuit alleging a “massive fraud” by the Chinese contractor of the luxury hotel and casino project in Nassau, the Bahamas, that opened its doors in April after years of delays. The 259-page complaint, filed in state court
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