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Germany's Lanxess to buy Chemtura for about $2.12 billion in cash

Lanxess AG said on Sunday it would buy specialty chemical company Chemtura Corp for about $2.12 billion in cash to improve the German company's additives business.

Recent Business News

European firms offer Britain scant support in divorce talks

LONDON More than 20 European business associations and companies interviewed by Reuters say they back their governments' position that Britain's banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc's rules.

5:07am EDT

HERE, automakers team up to share data on traffic conditions

LONDON German digital map maker HERE will introduce a new set of traffic services this week that allows drivers to see for themselves what live road conditions are like miles ahead using data from competing automakers, an industry first.

6:07pm EDT

Majority of UK CEOs considering moving operations abroad post-Brexit: survey

LONDON Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

8:02pm EDT

Lotte says South Korea prosecutors requested arrest warrant for chairman Shin Dong-bin

SEOUL South Korea's Lotte Group said in a statement on Monday that prosecutors have requested an arrest warrant for its chairman Shin Dong-bin, the latest twist in a sweeping criminal probe into the country's fifth-largest conglomerate.

10:07pm EDT

Hyundai Motor union stages first full strike in 12 years

SEOUL Hyundai Motor's South Korean labor union staged its first full nationwide strike in 12 years on Monday over wages, putting the automaker's earnings and sales targets at risk.

10:11pm EDT


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