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  • McDonald's loses 'Big Mac' trademark case to Irish chain Supermac's

    January 15, 2019 8:00 PM 855

    (Reuters) - McDonald’s Corp (MCD.N) has lost its rights to the trademark “Big Mac” in a European Union case ruling in favor of Ireland-based fast-food chain Supermac’s, a decision from the EU’s Spain-based Intellectual Property Office (EUIPO) showed. The judgment, provided to Reuters by Supermac’s, revoked McDonald’s registration of the trademark, saying

  • Exclusive: Brazil's Odebrecht offers debt-for-equity swap for Atvos unit

    January 15, 2019 7:48 PM 821

    SAO PAULO (Reuters) - Corruption-ensnared Odebrecht SA [ODBES.UL] has proposed that creditors take over its sugar and ethanol unit, Atvos Agroindustrial Participacoes SA, in exchange for reducing Odebrecht’s huge debt load, according to two sources with knowledge of the matter. The move is the latest sign of the radical way in which Brazilian conglomerate

  • Renault-Nissan's Ghosn received 7 million euros from Dutch JV: Les Echos

    January 14, 2019 12:17 AM 103

    PARIS (Reuters) - Ousted Renault-Nissan alliance chairman Carlos Ghosn was paid 7 million euros ($8 million) through a Dutch joint venture between Nissan and Mitsubishi, French financial daily Les Echos reported on its website on Sunday. Les Echos said that Nissan and Mitsubishi in June 2017 set up joint venture Nissan Mitsubishi BV (NMBV) in the Netherlands

  • Pemex's New York roadshow spooks investors, yields spike

    January 12, 2019 3:05 AM 93

    MEXICO CITY (Reuters) - Yields on the debt of Mexican state-run oil company Pemex rose sharply this week after the company failed during presentations in New York to lay out a clear plan to reduce debt and increase output, analysts said. Pemex faces the possibility of a credit ratings downgrade due to costly proposals by the new government of leftist

  • Exclusive: Glencore loses exclusive marketing rights to two Libyan crude grades

    January 10, 2019 12:19 PM 92

    LONDON (Reuters) - Trading and mining giant Glencore (GLEN.L) has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding those rights since the end of 2015, trading sources with direct knowledge said. China’s Unipec has been allocated three cargoes of that crude in January, according to one of the sources

  • Judge proposes PG&E power restrictions for next California fire season

    January 10, 2019 12:11 AM 97

    SAN FRANCISCO (Reuters) - A U.S. judge on Wednesday issued a proposed order to restrict utility PG&E (PCG.N) from using power lines deemed to be unsafe during high winds in the 2019 California fire season, according to a court filing. U.S. District Judge William Alsup in San Francisco also proposed that PG&E be required to re-inspect its grid and “remove

  • Volkswagen hires Apple executive for autonomous vehicle role

    January 9, 2019 10:05 PM 93

    FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) said on Wednesday it had hired an executive from Apple (AAPL.O) as a director responsible for technical development at its commercial vehicles division. Alexander Hitzinger, 47, will also take group-wide responsibility for VW’s efforts to develop self-driving vehicles as well as offer “Mobility as a Service

  • MacKenzie Bezos Could Become World's Richest Woman After Divorcing Husband

    January 9, 2019 8:29 PM 88

    As of now, Francoise Bettencourt Meyers, the granddaughter of the founder of cosmetics manufacturer L’Oreal SA, is the richest woman in the world, with a net worth of $45.6 billion, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. Neither the Bezoses nor Amazon have commented on the likely division of the couple’s

  • U.S. delegation member says trade talks with China to continue Wednesday

    January 8, 2019 10:17 PM 76

    BEIJING (Reuters) - Trade talks between the United States and China will continue on Wednesday, U.S. delegation member Steven Winberg said on Tuesday, as the world’s two largest economies seek to resolve a bitter trade dispute. The talks are going on well so far, Winberg, who is also U.S. assistant secretary for fossil energy, told reporters in Beijing

  • Like Apple, Samsung Feels Sting of Slowed Global Economic Growth

    January 8, 2019 4:16 PM 79

    (NEW YORK) — Samsung expects its quarterly operating profit to fall 29 percent compared with last year, potentially unsettling a tech sector already skittish about slowing global economic growth. The announcement from the South Korean computer chip and smartphone giant comes less than a week after a weak outlook from Apple Inc. jolted markets