EXCLUSIVE Bell, Telus lobby Canada to stop sale of Shaw’s wireless business to Quebecor -sources

EXCLUSIVE Bell, Telus lobby Canada to stop sale of Shaw’s wireless business to Quebecor -sources

The Shaw Communications logo is seen at their office in Calgary, Alberta, Canada, April 17, 2019. REUTERS / Chris Wattie Register now for FREE unlimited access to Reuters.com Register TORONTO, May 19 (Reuters) – The Canadian federal government and competition bureau should block Quebecor from buying Shaw Communications’ wireless business, telecom operators Bell Inc and … Read more

Caterpillar eyes energy transition as growth driver for mining business

Caterpillar eyes energy transition as growth driver for mining business

People visit heavy machinery of Caterpillar at Bauma China, the International Trade Fair for Construction Machinery in Shanghai, China November 27, 2018. REUTERS / Aly Song / Files Register now for FREE unlimited access to Reuters.com Register DALLAS, May 17 (Reuters) – Construction equipment maker Caterpillar Inc (CAT.N) believes demand for critical minerals as the … Read more

Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS / Charles Platiau Register now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – British startup Wayve said on Wednesday it would use supercomputer infrastructure designed for the firm by its investor Microsoft (MSFT.O) to process vast … Read more

Allianz to pay $ 6 bln in US fraud case, fund managers charged

Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more

Argo testing driverless vehicles on Miami and Austin streets

Argo testing driverless vehicles on Miami and Austin streets

An Argo Ai self driving prototype vehicle is seen outside a Ford and Volkswagen joint news conference in New York City, New York, US, July 12, 2019. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com register AUSTIN, May 17 (Reuters) – Self-driving startup Argo AI on Tuesday said it was having driverless vehicles … Read more

Enel eying US market for grid business

Enel eying US market for grid business

A logo of Italian multinational energy company Enel is seen at the Milan’s headquarter, Italy, February 5, 2020. REUTERS / Flavio Lo Scalzo / File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, May 16 (Reuters) – Italy’s Enel (ENEI.MI) is keeping an eye on the United States for the development of … Read more

REE Automotive to build commercial EV plant in UK’s Coventry

REE Automotive to build commercial EV plant in UK’s Coventry

Prototypes of a rolling chassis for electric vehicles developed by Israel’s REE Automotive, is seen during a test drive in Beersheba, southern Israel September 17, 2020. REUTERS/Amir Cohen Register now for FREE unlimited access to Reuters.com register LONDON, May 16 (Reuters) – REE Automotive (REE.O), which develops rolling chassis for commercial electric vehicles (EVs), said … Read more

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

May 6 (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co (WFC.N), the fourth-largest US bank, misled or defrauded shareholders about its commercial loans. US District Judge William Alsup in San Francisco said shareholders failed to adequately allege that Wells Fargo unjustifiably inflated the quality of its loans, understated … Read more

Deutsche Bank not financing controversial African oil pipeline, source says

Deutsche Bank not financing controversial African oil pipeline, source says

The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families … Read more

Exclusive: Carlyle to acquire NSM Insurance from White Mountains in $ 1.78 billion deal

Exclusive: Carlyle to acquire NSM Insurance from White Mountains in $ 1.78 billion deal

May 9 (Reuters) – Private equity firm Carlyle Group Inc (CG.O) told Reuters on Monday it has agreed to acquire US specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd (WTM.N) for $ 1.78 billion in cash. Carlyle said the deal is expected to close in the second half of this year. … Read more