Business News

• Uber's dominant size may rob smaller Lyft of its IPO oxygen December 11, 2018
  Uber Technologies Inc [UBER.UL] and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.
• Huawei CFO back in Canada court as bail hearing set to wrap December 11, 2018
  A top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom on Tuesday, as the judge weighs final issues in determining whether she should be freed on bail while awaiting extradition proceedings.
• Daimler to buy 20 billion euros worth of electric car battery cells December 11, 2018
  German luxury car maker Daimler , parent company of Mercedes-Benz, on Tuesday said it would buy battery cells worth more than 20 billion euros ($22.75 billion) by 2030 as it readies mass production of hybrid and electric vehicles.
• Vivendi seeks shareholders meeting to change Telecom Italia board December 11, 2018
  Vivendi is calling for a shareholders meeting to change the board at Telecom Italia including five members proposed by activist fund Elliott, the French media conglomerate said on Tuesday.
• Hyundai readies Palisade large SUV in another shot at U.S. market December 11, 2018
  Hyundai Motor Co on Tuesday began South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes will spearhead a sales recovery in the United States when launched in its major overseas market next year.
• U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sources December 11, 2018
  U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly $800 million, people familiar with the transaction said.
• Nissan ex-chairman Ghosn files complaint over detention December 11, 2018
  Carlos Ghosn, the ousted chairman of Nissan Motor, has filed a complaint against a court decision to extend his detention following his re-arrest on fresh allegations of financial misconduct, the Tokyo District Court said on Tuesday.
• Trade hopes support China, sterling totters on Brexit turmoil December 11, 2018
  Chinese shares rose on Tuesday after Beijing confirmed it was still in trade talks with Washington, but investor confidence remained fragile in Asia after Britain's prime minister postponed a Brexit vote, sending the pound to near 20-month lows.
• China court bans sales of older iPhone models in Apple-Qualcomm global battle December 11, 2018
  A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat.
• Three broker-dealers settle SEC charges over incomplete data December 11, 2018
  Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges of providing incomplete trading data, the U.S. Securities and Exchange Commission (SEC) said on Monday.