LONDON World stocks and the euro fell for a fourth day on Tuesday, as investors who had piled into both all year took a step back as the list of global uncertainties began to lengthen again.
- U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms
- Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale
- Exclusive: SEC hackers accessed authentic data used by companies in tests - sources
- U.S. companies urge EU to refrain from unilateral moves on Web tax
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HONG KONG/BEIJING Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.
MUNICH/PARIS Siemens and Alstom are expected to announce a deal merging their rail operations on Tuesday, a Franco-German industrial breakthrough for President Emmanuel Macron but a move already riling opposition politicians.
LONDON/ZURICH Nestle , under pressure from activist shareholder Third Point, set an operating margin target for the first time, although it was seen as conservative and fell short of rival Unilever's ambitions .
HONG KONG/BEIJING Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.
LOS ANGELES Walt Disney Co is testing the first major redesign of its retail stores in seven years, adding interactive experiences and live streams of theme park parades to lure consumers tempted by online shopping.
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