Bhinneka News Online: Breaking business news: Uber stripped of London license

Friday 22 September 2017

Breaking business news: Uber stripped of London license

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Friday, September 22, 2017

Uber stripped of London license

LONDON (Reuters) - London stripped Uber [UBER.UL] on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world's biggest cities.

Without U.S., 11 nations in TPP inch closer to a deal

TOKYO (Reuters) - The 11 nations remaining in the Trans-Pacific Partnership after the United States withdrew have inched closer to a comprehensive deal, offering hope that major countries can maintain free trade in the face of U.S. protectionism, a negotiator said on Friday.

Exclusive: T-Mobile, Sprint close to agreeing deal terms - sources

(Reuters) - T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

GE nears sale of its industrial unit to ABB: Bloomberg

(Reuters) - General Electric Co is nearing a deal to sell its industrial solutions unit to Swiss engineering company ABB Ltd in a deal valued at $2.5 billion to $3 billion, Bloomberg reported, citing people with knowledge of the matter.

Time Inc in talks to sell assets; warns on third-quarter ad revenue softness

(Reuters) - Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter.

Futures slightly lower as U.S.-North Korea tensions escalate

(Reuters) - U.S. stock index futures were slightly lower on Friday after tensions between North Korea and the United States escalated again, pushing investors to safe-haven assets.

Despite tough talk, Canada seen unlikely to walk away from NAFTA

OTTAWA (Reuters) - Despite Canada's threats to walk away from NAFTA talks if necessary, its limited success in diversifying exports leaves the nation too reliant on U.S. markets to play hardball, government insiders and trade experts say.

Apple's iPhone 8 sees muted launch in Asia

SYDNEY/TOKYO (Reuters) - Apple Inc's launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debuts, as fans held out for the premium iPhone X due out in early November.

Phillips 66 to sell assets to MLP in $2.4 billion deal

(Reuters) - Phillips 66 Partners LP , the master limited partnership (MLP) of Phillips 66 , said it would buy assets from the refiner in a deal valued at $2.4 billion, including debt, in its biggest acquisition ever.

Volkswagen chairman doesn't rule out outsider as next CEO

HAMBURG (Reuters) - Volkswagen's supervisory board does not rule out doing away with a custom under which the carmaker's top executive must be a company veteran, Chairman Hans Dieter Poetsch said.