Bhinneka News Online: Reuters Before the Bell: Apologizing to London, Uber CEO offers change to keep license

Monday 25 September 2017

Reuters Before the Bell: Apologizing to London, Uber CEO offers change to keep license

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Monday, September 25, 2017

Apologizing to London, Uber CEO offers change to keep license

LONDON (Reuters) - Uber's new boss [UBER.UL] apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.

AIG to restructure operations into three business units

(Reuters) - American International Group Inc said on Monday it would reorganize into three new business units and will no longer have Commercial and Consumer businesses.

Oil hits eight-month high as producers say market rebalancing

LONDON (Reuters) - Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.

DR Horton cuts cash flow forecast 50 percent due to hurricanes

(Reuters) - D.R. Horton Inc , the No.1 U.S. homebuilder, slashed its 2017 cash flow forecast from operations by half, citing delays because of the recent hurricanes.

Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve

TOKYO (Reuters) - Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc , a member of the buyer group, has not agreed on key terms, two people involved in the deal said.

Euro, bond yields drop as Germany's Merkel holds on

LONDON (Reuters) - The euro and European government bond yields slipped on Monday after the bloc's most powerful leader, German Chancellor Angela Merkel, won a fourth term but faced a fractured parliament as support for the far right surged.

P&G, Peltz vie for small investor votes in biggest-ever proxy fight

NEW YORK (Reuters) - The largest corporate proxy fight in history, between Procter & Gamble Co and activist investor Nelson Peltz, may ultimately be decided by small shareholders like Tom Neubecker.

ABB buys GE business for $2.6 billion in bet it can boost margins

ZURICH (Reuters) - Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday.

Uber CEO tells London: I'm sorry for the mistakes we've made

LONDON (Reuters) - Uber's Chief Executive apologized on Monday for the taxi app's mistakes in London and promised to change as the firm fights a decision by the city not to renew its license.

Air France targets younger crowd with lower-cost unit Joon

PARIS (Reuters) - Air France formally launched on Monday its new "Joon" lower-cost airline, which the company hopes will attract a younger clientele and restore some routes to profitability.