Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan: Nikkei

TOKYO (Reuters) – Nissan on Wednesday told Renault it wasn’t opposed to its partner’s potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry. FILE PHOTO: The logos Continue Reading

Trump administration announces $16 billion farm aid plan to offset trade war losses

WASHINGTON (Reuters) – The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. The package, the bulk of which Continue Reading

Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan

SAO PAULO (Reuters) – U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. FILE PHOTO: An Airbus A318-100 airplane of Continue Reading

Investor group calls on Lyft to scrap dual-class share structure plan: FT

An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. REUTERS/Mike Blake (Reuters) – A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches Continue Reading