Company News

UPDATE 1-China-backed fund shunned by Trump to buy British chip maker

Sept 22 (Reuters) – Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc. Reuters: Company News

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UPDATE 1-Wal-Mart tests direct-to-fridge; Amazon ups restaurant game

Sept 22 (Reuters) – Wal-Mart Stores Inc is testing a service to stock groceries directly to customers’ refrigerators as it seeks to take on e-commerce giant Amazon.com. Reuters: Company News

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BRIEF-Pershing Square ‍says NAV per share as of 19 September 2017 was $16.87

* ‍PSH NAV per share as of close of business on 19 September 2017 was USD 16.87 / GBP 12.47​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom) Reuters: Company News

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UPDATE 1-More than 120 birds dead at Suncor-owned Canada oil sands mine

CALGARY, Alberta, Sept 19 (Reuters) – More than 120 birds in Canada’s oil heartland of Alberta were killed after getting caught in a pond of oil sands byproducts operated by the country’s largest producer, Suncor Energy Inc, the local regulator said on Tuesday. Reuters: Company News

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UPDATE 2-UK’s May to press Trump this week on Boeing/Bombardier dispute

OTTAWA, Sept 18 (Reuters) – British Prime Minister Theresa May said on Monday she would press U.S. President Donald Trump this week about a trade challenge by Boeing Co that could endanger thousands of aerospace jobs in Northern Ireland. Reuters: Company News

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BRIEF-Concord Medical announces resignation of Li Yongjun as independent director

* Concord Medical Services Holdings Ltd – Announced resignation of Li Yongjun as independent director of company and a member of audit committee of Board Reuters: Company News

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UPDATE 2-Canada’s Unifor union goes on strike at GM’s Ontario plant

Sept 18 (Reuters) – Canada’s Unifor union said its members at General Motors Co’s CAMI auto assembly plant in Ingersoll, Ontario are on a strike from 1059 pm local time Sept. 17 as it failed to reach a tentative agreement with the automaker. Reuters: Company News

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UPDATE 2-China’s Zhongwang, Aleris extend merger deadline amid US probe

BEIJING, Sept 16 (Reuters) – Zhongwang USA, an investment firm backed by a Chinese aluminium tycoon, and its acquisition target Aleris Corp have decided to extend a deadline to complete their merger by two weeks, according to representatives of the two companies. Reuters: Company News

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UPDATE 1-Lilly takes on Pfizer, Novartis with new breast cancer drug data

* Drugs similar in efficacy, different side effects -experts (Updates with comments from doctors at ESMO meeting) Reuters: Company News

Company News

Eldorado vows to “exhaust all legal means” for Greek gold mine permits

ATHENS, Sept 9 (Reuters) – Canada’s Eldorado Gold Corp will exhaust all legal means to secure the permits it needs for its gold mine investment in Greece, its chief executive said in a newspaper interview. Reuters: Company News