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Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

MONTREAL/PARIS Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.

Recent Business News

Colony Capital injects cash, in talks to buy Weinstein Co

NEW YORK The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein.

Entertainment, Deals Oct 16 2017

Habitual cheat: Kobe Steel faked product data for more than 10 years - source

TOKYO When cheating becomes habitual, the consequences could be costly.

2:12am EDT

Procter & Gamble says Peltz loses board seat bid by around 6 million votes

Procter & Gamble Co said on Monday that activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company's board by 6.15 million votes, according to its preliminary tally.

Oct 16 2017

Major Sears investor Berkowitz departs board; stock plunges

Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent.

Oct 16 2017

Exclusive: China offers to buy 5 percent of Saudi Aramco directly - sources

DUBAI/LONDON China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.

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