Category Archives: CNN – Business

London Stock Exchange rejects Hong Kong’s $37 billion takeover bid

London Stock Exchange rejects Hong Kong’s $37 billion takeover bid

The London Stock Exchange has roundly rejected Hong Kong’s $37 billion takeover bid, saying it was too low, politically risky and lacked strategic merit. In a strongly worded statement Friday, LSE’s board said it “unanimously” rejects this week’s conditional proposal from Hong Kong Exchanges and Clearing (HKEX). LSE added that it sees “no merit in…MORE

Sainsbury’s commits to cutting its use of plastics by 50%

Sainsbury’s commits to cutting its use of plastics by 50%

Sainsbury’s is joining a growing number of retailers that are promising to slash the amount of plastic they use. The British food retailer said Friday that it had committed to reduce plastic in its business 50% by 2025. “We are well aware that this is ambitious as we currently use around 120,000 tonnes of plastic…MORE

Dow marks 8-day win streak as US-China trade tensions ease

Dow marks 8-day win streak as US-China trade tensions ease

Nothing is spooking investors on this particular Friday the 13th. The Dow climbed to its eighth day of gains in a row on the news that China will exempt US soybeans and pork from its next round of tariffs. The Dow finished 0.1%, or 34 points, higher, logging its longest win streak since May 2018.…MORE

WeWork chooses the Nasdaq for its IPO

WeWork chooses the Nasdaq for its IPO

Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Breaking news from the Wall Street Journal: WeWork’s parent company has chosen the Nasdaq for its IPO, which will take place during the week of September 23. Even more interesting:…MORE

China exempts US soybeans and pork from tariffs

China exempts US soybeans and pork from tariffs

China will exempt American soybeans and pork from its latest round of tariffs, in what appears to be another move to ease tensions between the countries as they prepare for a new round of trade talks. Chinese state news agency Xinhua announced the policy change on Friday, citing government sources as saying China would support…MORE

Britain’s last tin mine could reopen as tech companies chase ethical metals

Britain’s last tin mine could reopen as tech companies chase ethical metals

Cornwall’s last tin mine closed 20 years ago. Now growing demand for metals from ethical sources could spark a revival in one of Britain’s most deprived regions. Once the mining center of the world, Cornwall is dotted with more than 2,000 derelict engine houses, many of them along its rugged coastline. Tin mining and smelting…MORE

Asian markets move higher on hopes for a cooling trade war

Asian markets move higher on hopes for a cooling trade war

Asian stocks rallied Friday on continued hopes for a break in the US-China trade war. Hong Kong’s Hang Seng was up 0.3% at market open, gaining ground after posting losses Thursday. Japan’s Nikkei jumped nearly 1%. Markets in mainland China and South Korea were closed for holidays. Investors are staying positive ahead of highly anticipated…MORE

Aurora Cannabis’ next big play: The US CBD market

Aurora Cannabis’ next big play: The US CBD market

Aurora Cannabis is angling to become the world’s leading cannabis company, and the Canadian operator’s next big move could come south of its border. Aurora plans to aggressively pursue the United States cannabis market with an acquisition in the hemp-derived CBD space as its likely first big play. “We expect to have a significant footprint…MORE

47,000 grocery workers in California avert a strike with new contracts

47,000 grocery workers in California avert a strike with new contracts

Around 47,000 union workers at Albertsons, Ralphs and other grocery chains in southern California reached an agreement with the companies Thursday on new contracts that they say improve wages and benefits. After six months of talks, the deal avoids what would have been the largest private-sector strike since 74,000 General Motors employees walked off the…MORE

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