ABB’s Voser battles headwinds as pursues overhaul, new CEO

ABB’s Voser battles headwinds as pursues overhaul, new CEO
ZURICH (Reuters) – ABB (ABBN.S) is pressing ahead with a review of its underperforming businesses and expects a customer slowdown and China-U.S. trade tensions to mean a turbulent year, its Chairman and interim Chief Executive Peter Voser told Reuters. FILE PHOTO: Chairman Peter Voser of Swiss power technology and automation group ABB addresses the company’s annual shareholder meeting in Zurich,... Read More

Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources

Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources
FRANKFURT/LONDON (Reuters) – Bayer (BAYGn.DE) has approached U.S. drug firm Elanco Animal Health (ELAN.N) to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters. A logo of Bayer AG is pictured at the so called ‘Chempark’, the main plant and headquarters of German pharmaceutical and chemical maker Bayer... Read More

The $280,000 lab-grown burger could be a more palatable $10 in two years

The $280,000 lab-grown burger could be a more palatable $10 in two years
MADRID/ZURICH (Reuters) – Lab-grown meat, first introduced to the world six years ago in the form of a $280,000 hamburger, could hit supermarket shelves at $10 a patty within two years, European start-ups told Reuters. Mercedes Vila, co-founder of Biotech Foods, works in the company’s laboratory in San Sebastian, Spain, June 19, 2019. REUTERS/Vincent West Consumers concerned about climate change,... Read More

ABB’s Voser battles headwinds as he pursues overhaul

ABB’s Voser battles headwinds as he pursues overhaul
Chairman Peter Voser of Swiss power technology and automation group ABB addresses the company’s annual shareholder meeting in Zurich, Switzerland, March 29, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – ABB (ABBN.S) is pressing ahead with a review of its underperforming businesses and expects a turbulent 2019 amid a slowdown in some markets and China-U.S. trade tensions, Chairman and interim Chief Executive... Read More

U.S. to provide licenses for sales to Huawei if national security protected

U.S. to provide licenses for sales to Huawei if national security protected
A Huawei signage is pictured at their booth at Interpol World in Singapore July 2, 2019. REUTERS/Edgar Su WASHINGTON (Reuters) – The U.S. Department of Commerce will issue licenses to U.S. companies seeking to sell to Chinese telecoms equipment giant Huawei Technologies Co Ltd where there is no threat to national security, Commerce Secretary Wilbur Ross said on Tuesday. Seeking... Read More