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Cummins makes offer for VW’s large engines unit: sources

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FRANKFURT (Reuters) – United States-based diesel (gasoil) engines maker Cummins (CMI.N) has made an indicative offer for Volkswagen’s (VOWG_p.DE) MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. FILE PHOTO: The logo of Volkswagen is seen in front of its plant, in Read More

AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar

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BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, is selling its Australian operations to Japan’s Asahi (2502.T) for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. FILE PHOTO: The logo of Anheuser-Busch InBev is pictured inside the brewer’s headquarters in Leuven, Belgium, Feb. Read More

Syngenta profits hit by U.S./China trade wars, bad weather

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ZURICH (Reuters) – Agricultural chemical maker Syngenta on Friday reported a 34% fall in first-half net income, showing the impact of U.S. trade disputes with China and Mexico as well as bad weather in some of its markets. FILE PHOTO: The logo of Swiss agrochemicals maker Syngenta is seen on a farm in the village Read More

BMW picks insider Zipse as CEO to catch up with rivals

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FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

Trump claims he ‘felt bad’ about racist chants at his rally

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Donald Trump has attempted to distance himself from the “send her back” chants aimed at Somali-born congresswoman Ilhan Omar during an election rally. The president has been engaged in an escalating war of words with Ms Omar and three of her Democrat colleagues in recent days, having kicked off the racism row when he told Read More

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s Read More

BMW picks ‘decisive’ new CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ new CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

U.S. Justice Department may sue to block Sprint, T-Mobile merger: source

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WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the Read More

Suncor Energy releases 2019 Report on Sustainability

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All financial figures are in Canadian dollars   CALGARY, Alberta, July 18, 2019 (GLOBE NEWSWIRE) — Suncor today released its annual Report on Sustainability which details the company’s environmental, social and economic performance. Suncor’s perspective on the challenges and opportunities of climate change, and the transition to a low-carbon economy are contained in its third Read More

Baker Hughes sells reciprocating compression business to private equity fund

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7/18/2019 HOUSTON – Arcline Investment Management, a private equity fund with $1.5 billion of capital under management, today announced that it has signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company. The reciprocating compression division manufactures and services mission-critical compression and engine systems that are used in a Read More