Tuesday , June 19 2018

Indian auto-parts maker to get boost from regulation

Bloomberg Minda Industries Ltd., the Indian vehicle-component maker that’s seen its stock climb the most among peers in the past five years, is expected to benefit from tightening safety regulations in one of the world’s largest automobile markets. Shares of the components manufacturer, which supplies to companies including BMW and ...

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Thyssenkrupp shareholders skeptical of Tata agreement

Bloomberg Thyssenkrupp AG’s top shareholders are skeptical about the company’s plan to combine European steel operations with Tata Steel Ltd., and have discussed voting against the proposal at a board meeting as early as next week, according to people familiar with the matter. The shareholders, which include Cevian Capital and ...

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Coal plants keep shutting despite Trump’s order to rescue them

Bloomberg President Donald Trump has ordered a rescue of the nation’s struggling coal and nuclear power industries, but that doesn’t mean utilities are reconsidering the shutdown of unprofitable plants. Many power generators contacted said Trump’s June 1 announcement hasn’t altered their plans to retire old units even as the administration ...

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Audi CEO Stadler arrested over diesel emissions scandal

Bloomberg Audi CEO Rupert Stadler was arrested in Munich in connection with the diesel-cheating scandal, making him the highest-profile target in the probe that’s engulfed the carmaker and parent Volkswagen for almost three years. Munich prosecutors investigating Audi’s role in the 2015 scandal confirmed they arrested Stadler, 55, in the ...

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CYBG to buy Branson’s Virgin Money for $2.3 billion

Bloomberg CYBG Plc agreed to buy Virgin Money Holdings UK Plc for about 1.7 billion pounds ($2.3 billion) in an all-stock transaction, creating a bank with about six million customers to challenge Britain’s largest lenders. The purchase of the Richard Branson-backed bank gives consumer and business lender CYBG greater scale, ...

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