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Monthly Archives: November 2017

Rockwell Automation rebuffs sweetened Emerson bid

Christopher Goodney | Bloomberg | Getty Images Keith Nosbusch, chairman of Rockwell Automation. Rockwell Automation on Wednesday rejected rival Emerson Electric’s sweetened $29 billion takeover offer, saying the bid undervalued the industrial automation company. Rockwell said its board of directors was unanimous in rejecting Emerson’s proposal. Rockwell Chief Executive Blake …

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UK sets aside £3 billion for Brexit preparation

BEN STANSALL | AFP | Getty Images British Chancellor of the Exchequer Philip Hammond poses for pictures with the Budget Box as he leaves 11 Downing Street in London, on November 22, 2017, before presenting the government’s annual Autumn budget to Parliament. Finance Minister Philip Hammond delivered the U.K. government’s …

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UN court convicts Mladic of genocide over Bosnia’s horrors

Michel Porro/Getty Images Former Bosnian military chief Ratko Mladic appears for the pronouncement of the Trial Judgement for the International Criminal Tribunal for the former Yugoslavia (ICTY) on November 22, 2017 in The Hague, The Netherlands. The United Nations’ Yugoslav war crimes tribunal convicted Bosnian Serb military chief Gen. Ratko …

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North Korea calls terror relisting ‘serious provocation’ by Trump: State media

KCNA | Reuters North Korean leader Kim Jong Un visits the Command of the Strategic Force of the Korean People’s Army (KPA) in an unknown location in North Korea in this undated photo released by North Korea’s Korean Central News Agency (KCNA) on August 15, 2017. North Korea denounced on …

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Silvio Berlusconi’s political comeback takes him to human rights court

Alessandra Benedetti – Corbis | Corbis via Getty Images Former Italian Prime Minister Silvio Berlusconi attends the political show ‘Porta a Porta’ at RAIÕs broadcast studios, on November 16, 2017 in Rome, Italy. Italian politician and billionaire businessman Silvio Berlusconi has taken his fight to become eligible for next year’s …

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Pakistan court orders Islamist blamed for 2008 Mumbai attacks to be freed from house arrest

ARIF ALI | AFP | Getty Images Pakistan head of the Jamaat-ud-Dawa (JuD) organisation Hafiz Saeed waves to supporters as he leaves a court in Lahore on November 21, 2017. A Pakistani court on Wednesday ordered an end to the house arrest of Hafiz Saeed, accused by the United States …

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If you want to know which mergers will be approved, follow the money

AT&T has traditionally been successful with lobbying, but it missed the mark this time. Clifton said he uses about a half dozen different metrics in his ratings of potential merger success. “There is a clear relationship between how many resources these companies are focusing on getting their deal approved and …

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The stocks Amazon is killing are showing signs of life ahead of holidays

The retailers that are being crushed by Amazon have rallied in the past two weeks ahead of the holiday shopping period, but if history is a guide, they could underperform again after Thanksgiving. Bespoke Investment Group’s “Death by Amazon” index includes 62 brick-and-mortar retailers whose businesses have been hurt by …

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Former China internet regulator probed for suspected graft

VCG | Getty Images Lu Wei, former head of China’s internet regulator, at the Second World Internet Conference on Dec. 18, 2015 in Jiaxing, Zhejiang Province of China. The former head of China’s powerful internet regulator is under investigation for suspected corruption, the ruling Communist Party said on Tuesday, the …

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We’ll be the ‘industrial internet of things’

Marvell Technology Group President and CEO Matt Murphy told CNBC that he wasn’t expecting the market to react so positively to Marvell’s $6 billion deal to buy fellow chipmaker Cavium. “We’re actually pleasantly surprised,” Murphy told “Mad Money” host Jim Cramer on Tuesday. “The reaction we’ve gotten over the last …

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