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UTC beats profit estimates on airplane boom, lifts forecast

United Technologies Corp reported a better-than-expected quarterly profit and raised its full-year profit forecast on Tuesday as it benefited from higher sales of aircraft parts, driven by record production at planemakers Boeing and Airbus.

Exclusive: Justice Department demands details from Glencore on intermediary firms – sources

The U.S. Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said.

Saudi sees deals worth $50 billion at investment conference despite boycotts

Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top world bankers and company executives.

Saudi signs deals worth $50 billion in oil, gas and infrastructure

Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said.

Saudi Arabia reassures on oil supply, says will meet demand

Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran.

Exclusive: Airbus faces new jet delays at Hamburg plant – sources

For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast – but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said.

Uber aims to go all-electric in London in 2025

Uber plans for every car on its taxi app in London to be fully electric in 2025 and will add a clean air fee to each trip from early next year, its boss told reporters in the British capital city on Tuesday.

Russian fund CEO says Saudi economic drive important for world

Saudi Arabia’s economic transformation plan is important for the world, the chief executive of the Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) said on Tuesday.

SoftBank CEO Son won’t speak at Saudi conference: source

SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, canceled a speaking engagement at the kingdom’s investment conference this week, a person close to the matter told Reuters.

Saudi’s PIF invested in 50-60 firms via SoftBank fund: director

The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has invested in 50 or 60 companies via SoftBank Group’s Vision Fund and will bring most of those firms to the kingdom, managing director Yasir al-Rumayyan said on Tuesday.

Saudi Aramco CEO says bankers have not raised concerns about funding costs on SABIC deal

The chief executive of oil giant Saudi Aramco said on Tuesday that bankers had not expressed any concerns about a recent rise in Saudi funding costs ahead of the company’s potential acquisition of a stake in petrochemical firm Saudi Basic Industries Corp (SABIC) .

Total to announce retail network in Saudi Arabia with Aramco: Total CEO

French oil and gas producer Total is set to announce a retail network in Saudi Arabia with Saudi Aramco, Total’s chief executive said on Tuesday.

Saudi Aramco to sign 15 deals worth more than $30 billion: state TV

Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.

SoftBank CEO cancels speaking role at Saudi conference: source

SoftBank Group Corp Chief Executive Masayoshi Son has cancelled a speaking engagement at the Future Investment Initiative conference in Saudi Arabia, said a source close to the matter.

Saudi Aramco to sign 15 deals worth more than $30 billion: state TV

Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.

Johnson & Johnson makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z

U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.

Saudi to sign deals worth $50 billion in oil, gas and infrastructure

Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday.

Shares sink toward one-year low as bears bite again

An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure.

Ford in Spain to halt car production for nine days due to low demand: spokesman

U.S. car manufacturer Ford will stop car production in its plant in Almussafes in eastern Spain for nine days during November due to a lower demand for its vehicles, a spokesman said on Tuesday.

J&J makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z

U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it is acquiring all outstanding shares of Japanese cosmetics firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion).

U.S. judge affirms Monsanto weed-killer verdict, slashes damages

A U.S. judge on Monday affirmed a verdict against Bayer AG unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent.

South Korea’s Lotte seeks fresh start with revised $44 billion investment plan

South Korea’s Lotte Group, whose chairman was released from jail this month, has reset a five-year investment plan just two years after its initial announcement, saying it now aims to spend 50 trillion won ($44.05 billion) through 2023.

Elon Musk says Twitter had locked his account thinking it was hacked

Tesla Inc Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked.

Asian shares buckle to Saudi anxieties, Italian budget rows

Asian shares slumped on Tuesday as a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to fresh worries about trade wars whacked sentiment across the region.

Mitsubishi Heavy’s struggling aircraft unit to gain $2 billion lifeline: NHK

Mitsubishi Heavy Industries is arranging 220 billion yen ($2 billion) in financial support for its aircraft unit, which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.

Philip Morris aims to revive Japan sales with cheaper heat-not-burn tobacco

Philip Morris International Inc released cheaper versions of its IQOS “heat not burn” products in Japan on Tuesday as it tries to revive sales and ward off competition from other alternatives to conventional cigarettes.

UBS says it allows staff to travel ‘freely’ to China after banker’s departure delayed

UBS allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials.

Mitsubishi Heavy to inject $2 billion into regional jet unit: NHK

Mitsubishi Heavy Industries is set to inject 220 billion yen ($2 billion) into its aircraft unit which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.

Asian shares buckle to European woes, Saudi anxieties

Asian shares fell on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment.

Philip Morris seeks bigger Japan share with cheaper heat-not-burn tobacco

Philip Morris International Inc will sell cheaper versions of its IQOS “heat not burn” products in Japan from Tuesday and introduce new upgraded products next month to expand market share, its chief executive said.

Exclusive: Corona brewer Constellation seeks to sell U.S. wine brands – sources

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.

Amazon.com, Qualcomm to put Alexa assistant in more headphones

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

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.

U.S. judge denies Monsanto new trial in California glyphosate case

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

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

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

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

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

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

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.

Energy and financials weigh on S&P and Dow

The S&P 500 and Dow slipped in choppy trading on Monday following losses in energy and financial stocks, and as caution grew ahead of a slew of earnings this week.

This week’s earnings shine spotlight on China growth risk

It’s not the U.S. economy, stupid. It’s China’s.

Dow, S&P 500 down as dollar rises, yield curve flattens

U.S. stocks were slightly lower in choppy trade on Monday as some investors showed earnings season nerves and the dollar strengthened, while long-dated U.S. Treasury prices edged higher.

Oil little changed despite Saudi pledge to boost output

Oil futures were little changed on Monday after paring earlier losses despite Saudi Arabia’s pledge to raise crude production to a record high, two weeks before U.S. sanctions potentially choke off Iranian supplies.

Branson steps down from role as chairman of Virgin Hyperloop

Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the United Arab Emirates and other countries, needs a more actively involved leader, the firm said on Monday.