Business News

• Amazon.com, Qualcomm to put Alexa assistant in more headphones October 23, 2018
  Microchip firm Qualcomm Inc is joining Amazon.com Inc to spread the use of Amazon's Alexa voice assistant in wireless headphones, the companies said on Monday.
• Asian shares struggle as European woes, Saudi concerns dim mood October 23, 2018
  Asian shares edged lower on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative factors from Saudi Arabia's diplomatic isolation to concerns over Italy's budget and Brexit talks depressed sentiment.
• Exclusive: Corona brewer Constellation seeks to sell U.S. wine brands - sources October 23, 2018
  Constellation Brands Inc , the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people familiar with the matter.
• U.S. judge denies Monsanto new trial in California glyphosate case October 23, 2018
  A U.S. judge conditionally denied Bayer AG-unit Monsanto's motion to receive a new trial on the $250 million punitive damages portion of a recent jury verdict that found the company's glyphosate-based weed-killers, including RoundUp, responsible for a man's terminal cancer.
• Netflix adds to growing debt pile with $2 billion bond issue October 22, 2018
  Netflix Inc announced on Monday it will tap debt markets for a second time this year, aiming to raise another $2 billion as the streaming video pioneer invests heavily in production of original shows and content acquisition to fend off intensifying competition.
• Uber's dealmaking chief Poetzscher resigns October 22, 2018
  Cameron Poetzscher, who oversaw a string of high-profile deals at Uber Technologies Inc [UBER.UL], has resigned, weeks after a report on allegations of sexual misconduct against him at the ride-hailing firm.
• Dow, S&P 500 fall as dollar rises, yield curve flat October 22, 2018
  U.S. stocks closed lower after choppy trade on Monday, as some investors showed signs of earnings season nerves, while political worries in Europe led the dollar to strengthen against the euro and sterling.
• Dow, S&P fall as earnings season picks up; tech boosts Nasdaq October 22, 2018
  The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week.
• Benetton founder, who took family business beyond sweaters, dies at 77 October 22, 2018
  Gilberto Benetton, a co-founder of Italian clothing retailer United Colors of Benetton who masterminded the family empire's diversification into construction, transport and catering, has died at the age of 77.
• KKR's Calsonic buys Fiat Chrysler parts firm Magneti Marelli for $7.1 billion October 22, 2018
  Japan's Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler's Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.