Yousef Annab

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Chemical groups Huntsman, Clariant announce merger

U.S.-based Huntsman and Switzerland's Clariant said on Monday they are combining to create a chemical manufacturer with a market value of more than $14 billion.<p>The deal, which the companies called a "merger of equals," creates a global specialty chemical company with approximately $20 billion …

Textron is buying vehicle maker Arctic Cat in $247M deal

MINNEAPOLIS (AP) — The defense contractor Textron is buying the snowmobile maker Arctic Cat in a deal valued at about $247 million.<p>Textron said …

Rolls-Royce sent agent to 'retrieve' document from India tax office

Rolls-Royce sent an agent to “retrieve” an incriminating document from tax officials in India to avoid the investigation and prosecution of its employees.<p>The agent told the engineering giant that he paid a large sum to get the document from authorities, avoiding the company being banned from …

Some refunds delayed as IRS battle against fraud intensifies

WASHINGTON (AP) — The Internal Revenue Service's battle against fraud and identity theft is intensifying as the tax filing season opens, and some of …

Saudi's flynas orders 80 Airbus A320neos, including upgrade

Saudi Arabian budget carrier flynas is buying 80 Airbus A320neo narrow body jets in a deal worth $8.6 billion that includes upgrading an earlier order, it said on Monday.<p>The airline has placed a new order for 60 A320neos and upgraded an existing order for 20 current model A320s to neos, an Airbus …

Ray-Ban owner makes $50 billion glasses deal

It's a visionary deal: The world's biggest eyewear companies are coming together in a $50 billion merger.<p>Luxottica Group (LUX), the Italian firm behind Ray-Ban and Oakley sunglasses frames, is combining with Essilor (ESLOY), a French company that makes lenses.<p>Luxottica founder Leonardo Del Vecchio …

Saudi to launch $30-50 billion renewable energy program soon: minister

ABU DHABI (Reuters) - Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday.<p>Saudi energy minister Khalid al-Falih gestures during the 2017 budget …

Airbus CEO Plans to Test a 'Flying Car' Prototype by the End of 2017

Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the …

Saudi's Flynas to buy 80 Airbus A320neo planes in $8.6B deal

DUBAI, United Arab Emirates (AP) — Airbus says it has agreed to sell a total of 80 A320neo planes to Saudi Arabian low-cost airline Flynas in a deal …

Rejecting J&J could leave Actelion with 'lot of explaining to do'

ZURICH/LONDON (Reuters) - Some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson & Johnson, leaving Chief Executive Jean-Paul Clozel with some explaining to do if he turned down an offer around that level.<p>A general view shows Swiss biotech …

S. Africa’s Naspers: Earnings Slip, Eye On India M&A

By<p>Updated Nov. 25, 2016 6:41 p.m. ET<p>South African media, entertainment and online commerce company Naspers (NPSNY) reported six-month results that …

For some in middle class, Trump plan would mean tax increase

WASHINGTON (AP) — President-elect Donald Trump's proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million …

Siemens to Buy U.S. Software Maker Mentor for $4.5 Billion

Siemens AG agreed to buy Mentor Graphics Corp. for $4.5 billion in its biggest acquisition since 2014 as the German engineering company extends its …

Siemens

Bombardier to cut 7,500 jobs, raising fears for British workforce

Canadian manufacturer’s operations in Belfast and Derby could be vulnerable as it announces second wave of job cuts in year<p>Bombardier has announced it will cut another 7,500 jobs worldwide, raising fears for its British aerospace and rail workforce.<p>It is the second wave of job cuts announced by the …

BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

LONDON (Reuters) - British American Tobacco (BATS.L) has offered to buy out U.S. cigarette maker Reynolds American Inc RAI.N in a $47 billion takeover that would create the world’s biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall.<p>The cash-and-stock deal would …

AT&T to Buy Time Warner for More Than $80 Billion

Wireless carrier agrees to pay $107.50 a share in half-cash, half-stock deal<p>AT&T Inc. has reached an agreement to buy Time Warner Inc. for $85.4 billion in a deal that would transform the phone company into a media giant.<p>The wireless carrier agreed to pay $107.50 a share, evenly split between cash …

Wireless

Yahoo, even with hack of all hacks, pulls in profit as Verizon waits to take over

It might be hard to remember, but Yahoo CEO Marissa Mayer is still running a business.<p>Over the past few weeks, the internet pioneer has been in the headlines for just about anything except its products.<p>Instead, Mayer and her team have drawn scrutiny after suffering what could be the biggest hack …

Razer acquires audiovisual icon THX as it explores growth beyond the games industry

Razer, the company that develops hardware and services for gamers and the world of gaming, has made an acquisition to catapult it to more platforms and more people: The company has acquired THX, the legendary audio and video quality assurance company that was originally founded by George Lucas as …

Russian sanctions have cost Exxon over $1 billion

Exxon, the world's biggest oil and gas company by value, entered Russia in the 1990s and has enjoyed a long and fruitful presence there. This presence was set to expand further with Exxon's plans to take part in the exploration and exploitation of the country's Arctic shelf. Unfortunately for …

Justice Department in talks with Alaska Air on Virgin deal: sources

WASHINGTON (Reuters) - Alaska Air Group Inc (ALK.N) pressed on with talks with the U.S. Justice Department to reach a deal for approval to buy Virgin America Inc VA.O, two people close to the matter said Monday as a deadline for the government to complete the merger review passed.<p>A combination …

Australia’s Tatts, Tabcorp In Trading Halt To Discuss $7 Billion Merger

Trump Taj Mahal closes its doors in Atlantic City

Donald Trump called it the Eighth Wonder of the World. Now it's just another failed Atlantic City casino.<p>The Trump Taj Mahal finally closed its doors just before 6 a.m. Monday.<p>The last guests at the hotel checked out on Sunday, and some of the last gamblers at the casino were cashing in their chips …

Snapchat said to be eyeing $25-billion IPO in early 2017

For years, Los Angeles’ tech industry has been waiting for its big day: image-sharing app<p>Snapchat’s initial public offering. Now the region’s engineers and investors may finally be able to start circling dates on the calendar.<p>Speculation that the Venice start-up will go public in the first quarter …

Indian police seek kingpins in tax scam aimed at Americans

MUMBAI (Reuters) - Americans were swindled out of tens of millions of dollars in an alleged tax scam that was run for about a year from call centers on the outskirts of Mumbai, a senior investigator said on Thursday, predicting more arrests on top of the 70 made so far.<p>Assistant police commissioner …

Disney isn’t going to bid for Twitter, either

Which leaves Salesforce, for now.<p>Cross another potential Twitter buyer off the list: Disney isn’t pursuing a bid for the social platform, either.<p>Sources familiar with Disney, which was mulling a possible Twitter purchase last week, say the media giant has decided not to move forward.<p>Earlier today …

McDonald's Said in Talks to Sell Southeast Asia Rights

Live on Bloomberg TVBELT & ROAD: The ChallengeFull Schedule<p>TV Shows<p>Daybreak Asia<p>McDonald's is said to be near the sale of franchise rights in …

McDonald's

Wal-Mart Boosts Stake in JD.com

Live on Bloomberg TVBELT & ROAD: The ChallengeFull Schedule<p>TV Shows<p>Daybreak Asia<p>Wal-Mart boosted its stake in China’s second-largest e-commerce …

David Rubenstein