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Air Liquide to buy US industrial gas firm Airgas for US$13.4b

Air Liquide to buy US industrial gas firm Airgas for US$13.4b

NEW YORK: France’s Air Liquide announced on Tuesday that it will acquire Airgas of the United States for US$13.4 billion to build the world’s largest industrial gas company. Air Liquide said the transaction would significantly enhance its position in the US, the world’s leading market for industrial gases. It catapults Air Liquide past Linde AG of Germany as the […]

November 17, 2015 | By | Reply More
Uber can't appeal class certification order in US driver lawsuit

Uber can't appeal class certification order in US driver lawsuit

SAN FRANCISCO: A U.S. appeals court on Tuesday denied ride service Uber’s request to immediately appeal an order approving class certification in a lawsuit filed by drivers who wish to be deemed employees. The ruling, from the 9th U.S. Circuit Court of Appeals in San Francisco, was made in a case in which drivers contend […]

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American Airlines to reward fliers for money spent, not mileage flown

American Airlines to reward fliers for money spent, not mileage flown

REUTERS: American Airlines Group Inc on Tuesday said it will change its loyalty program in the second half of next year so customers earn frequent-flier miles based on the fares they pay rather than the distance they fly. The move, long anticipated by investors, makes it harder for travelers to attain elite status and benefits […]

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Wall St. higher after retail earnings

Wall St. higher after retail earnings

REUTERS: U.S. stocks rose on Tuesday as better-than-expected earnings from Wal-Mart and Home Depot allayed some concerns about consumer spending ahead of the holiday shopping season. Wal-Mart , up 4.5 percent at US$60.50, and Home Depot , 3.8 percent higher at US$125.48, provided the biggest boost to the Dow and the S&P. Positive results from […]

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A world of debt

A world of debt

LIKE the sub-prime mortgage crisis in America and the sovereign debt crisis in Europe, emerging markets could be on the cusp of their own debt reckoning <param…Continue reading

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Syngenta among possible targets as Monsanto mulls takeover push

Syngenta among possible targets as Monsanto mulls takeover push

ST. LOUIS: Monsanto Co. executives are discussing whether the world’s largest seed company should try to acquire agrochemical rivals, including top pesticide maker Syngenta AG , Monsanto President Brett Begemann said on Tuesday. The internal discussions, ongoing since the company walked away from its US$46 billion offer for Syngenta in August, include weighing the benefits […]

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TJX raises same-store sales forecast as shoppers hunt for deals

TJX raises same-store sales forecast as shoppers hunt for deals

REUTERS: TJX Cos Inc , the owner of off-price chains TJ Maxx and Marshalls, reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and household goods. TJX also raised its comparable sales growth forecast for the year ending January, indicating healthy demand for the holiday […]

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Exclusive: Lyft executive says on track to hit US$1 billion in gross annual revenue

Exclusive: Lyft executive says on track to hit US$1 billion in gross annual revenue

SAN FRANCISCO: Ride-hailing app Lyft, Uber Technologies Inc’s biggest competition in the United States, expects to reach US$1 billion in gross annual revenue, the company’s co-founder told Reuters. Hitting a US$1 billion run rate over the next year would suggest privately owned Lyft has grown its market share in some critical U.S. cities, despite competition […]

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Marriott’s deal to buy Starwood makes it the world's biggest hotelier

Marriott’s deal to buy Starwood makes it the world's biggest hotelier

THE $12.2 billion deal in which Marriott, an American hotelier, will buy a rival, Starwood, follows months of rumours about the bid target, whose brands include Westin and Sheraton. In April Starwood’s slow growth, at a time when other chains are doing well, prompted it to start exploring “strategic and financial alternatives”. Marriott’s acquisition, announced […]

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Ford seeks to expand SUV portfolio, sees market at 40 percent by 2020

Ford seeks to expand SUV portfolio, sees market at 40 percent by 2020

REUTERS: Ford Motor Co is looking at ways to expand its sport utility vehicle portfolio as SUVs grow to 40 percent of the U.S. light vehicle market by 2020 from about a third today, global sales chief Stephen Odell told Reuters. “As a segment gets that big, it’s probably going to fragment into different requirements,” […]

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