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Reuters: Business News
- HP reiterates its rejection of Xerox's offer to buy the company November 25, 2019HP Inc reiterated on Sunday its rejection of Xerox Corp's $33.5 billion cash-and-stock offer for the company, adding that the proposal "significantly undervalues HP."
- No 'phase two' U.S.-China deal on the horizon, officials say November 25, 2019An ambitious "phase two" trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary "phase one" agreement, according to U.S. and Beijing officials, lawmakers and trade experts.
- Wall Street Week Ahead: Conditions may be set for Santa Claus rally November 24, 2019(This November 22 story has been refiled to add dropped word in paragraph 12.)
- SoftBank to go ahead with WeWork stock tender offer this week November 24, 2019SoftBank Group Corp will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company's cofounder Adam Neumann, two people familiar with the matter said.
- Novartis to buy U.S. biotech The Medicines Co. for $9.7 billion November 24, 2019Novartis AG is buying U.S. biotechnology company The Medicines Co for about $9.7 billion, the Swiss drugmaker said on Sunday, as it seeks to expand its portfolio of medicines against cardiovascular disease.
- France's 5G spectrum to be sold at floor price of 2.17 billion euros: minister November 24, 2019Frances's 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.4 billion), a minister said on Sunday, significantly more than the amount previously recommended by the country's telecoms regulator Arcep.
- Finnair cancels 276 flights as unions join solidarity strike November 24, 2019Finland's national airline Finnair said on Sunday it was forced to cancel 276 flights scheduled for Sunday and Monday after attempts to settle a labor dispute at the Finnish postal service failed, leading several Finnish labor unions to join a solidarity strike on Monday.
- France's LVMH close to buying Tiffany after sweetening offer: sources November 24, 2019LVMH is close to buying U.S. jewelry chain Tiffany & Co for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market.
- Amazon to open store on China's Pinduoduo marketplace on November 25: source November 24, 2019Amazon.com Inc will open a store on Chinese e-commerce platform Pinduoduo on Monday, a source familiar with the matter said, in a sign of how the U.S. firm's China strategy is evolving after it shut its own online store in the country.
- Japanese hotel group Unizo gets six new buyout offers November 24, 2019Japanese hotel operator Unizo Holdings said on Sunday it had received six more buyout offers at a price competitive with an existing $1.6 billion bid proposed by Blackstone Group .
- Saudi Aramco markets IPO in Dubai after approaching Kuwait fund November 24, 2019Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.
- Saudi Aramco won't breach maximum weight for firms in Saudi index: Argaam November 24, 2019Saudi Aramco's weighting in Saudi Arabia's main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom's Tadawul exchange, a senior executive said on Sunday.
- Saudi central bank says Aramco IPO not causing liquidity issues for banks November 24, 2019Saudi Arabia's central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil giant Aramco's initial public offering (IPO), its governor said on Sunday.
- Elon Musk: About 150,000 orders thus far for Tesla Cybertruck November 23, 2019Tesla Inc Chief Executive Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker's Cybertruck, which was unveiled late on Thursday.
- Still hope for U.S.-China deal this year: U.S. official November 23, 2019United States national security adviser Robert O'Brien said on Saturday that an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Hong Kong.
- Canada's use of Huawei 5G would hamper its access to U.S. intelligence: U.S. official November 23, 2019The U.S. national security adviser urged Canada on Saturday not to use Huawei 5G technology, saying that doing so would put in jeopardy intelligence sharing with the United States and expose Canadians to being profiled by the Chinese government.
- Novartis nears deal to buy U.S. biotech firm Medicines Co for about $7 billion: WSJ November 23, 2019Swiss drugmaker Novartis AG is nearing an agreement to acquire U.S. biotechnology firm The Medicines Co for about $7 billion, the Wall Street Journal reported on Saturday.
- Trump says administration to take 'good look' at Hong Kong rights bill November 23, 2019(This November 22 story has been refiled to fix typo in first paragraph.)
- Trump vague about whether he will veto bills that back Hong Kong protesters November 23, 2019U.S. President Donald Trump was vague on Friday about whether he would sign or veto legislation to back protesters in Hong Kong as he tries to strike a trade deal with China, and boasted that he alone had prevented Beijing from crushing the demonstrations with a million soldiers.
- Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources November 23, 2019UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi , three sources told Reuters, a move seen as a first step toward the Italian bank's full exit from the recession-hit country.