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But while FCA’s Toledo success shows what can happen when a Detroit automaker and its union work together, it also shows how a strong local can also punch back. In February 2018, for instance, Local 12 publicly protested an FCA plan to replace 88 UAW-represented truck drivers with contractors, forcing the company to back down. “We’re good at getting along if you want to get along,” said Bruce Baumhower, who has been president of Local 12 for 26 years. “And we can fight all day if you want to pick a fight.”.

BRUSSELS (Reuters) - EU antitrust regulators on Monday fined U.S, conglomerate General Electric 52 million euros ($58.4 million) for providing misleading information in its takeover of Danish rotor blade maker LM Wind two years ago, GE told the European Commission that it was not developing any other turbine apart from its 6 megawatt turbine when it sought EU approval to buy LM Wind, The EU found that this was not true after a third party provided details, GE subsequently withdrew its request etsy cufflinks and resubmitted it a month later with more data on future projects, The deal was cleared in March 2017..

PARIS (Reuters) - A consortium led by French utility Engie has won a bid for Petrobras’ TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie’s presence in the fast-growing Brazilian market and helps Petrobras cut debts. Engie said on Monday its successful offer for a 90 percent stake in TAG was made alongside Canada’s state-owned financial and investment firm Caisse de Dépôt et Placement du Québec, with more than $310 billion under management. Petrobras will keep the remaining 10 percent.

Engie said buying TAG, which accounts for 47 percent of Brazil’s entire gas infrastructure and achieved core earnings of $1.14 billion in 2018, would provide a steady stream of profits, It will add to Engie’s presence in Brazil, where its unit owns assets including hydroelectric plants, thermoelectric facilities and renewable energy sources, “Our acquisition of TAG is a significant milestone for Engie in Brazil, etsy cufflinks a key market for the group where we have been present for 23 years,” said Engie Chief Executive Isabelle Kocher..

Under Kocher, Engie has been focusing investments on energy services, renewable energy and infrastructure, while selling out of coal-related assets. “It is a good diversification for Engie,” said Clairinvest fund manager Ion-Marc Valahu, whose firm owns Engie shares. “Also, Engie will benefit from growth expectations in Brazil.”. Engie said the acquisition of TAG would result in its net debt increasing by around 1.6 billion euros ($1.8 billion). The consortium secured around $6 billion in financing to help fund the acquisition from 10 banks, three local and seven international. It did not name the lenders.

Engie shares edged up 0.6 percent in early trading on hopes the positive elements of the TAG deal would override any concerns over the rise in Engie’s debts, “TAG will allow Engie to accelerate its development in the gas sector in Brazil, where Engie is already present in terms of the country’s electricity sector,” said Roche Brune Asset Management fund manager Gregoire Laverne, who said etsy cufflinks Engie was a stock his firm was considering buying, The TAG divestment represents a victory for Petrobras’ leadership and its Chief Executive Roberto Castello Branco, who is pushing to unload assets in a bid to cut debt and refocus on exploration and production..

LONDON (Reuters) - Activist Sherborne Investors on Monday wrote another letter to shareholders of Barclays seeking to drum up support for the election of its founder Edward Bramson to the board of the British bank. Bramson has so far failed in attempts to get the lender to scale back its investment banking activities, which he says have weighed on shareholder returns and run the risk of the bank needing to raise fresh capital. While Barclays has said it remains committed to its strategy, Chief Executive Jes Staley last month ousted the head of its investment banking division and instead took direct control of the unit, a move referenced in Sherborne’s latest letter.

PARIS (Reuters) - Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU competition commissioner Margrethe Vestager, said on Monday, There is still disagreement among EU members over how to implement a so-called “GAFA tax” - named after Google, Apple, Facebook and Amazon - to ensure the global internet giants pay a fair share of taxes on their massive business operations in Europe, France has been driving hard for such a tax, but at a meeting of EU finance meetings over etsy cufflinks the weekend, Sweden, Finland, Ireland and Denmark blocked a draft EU-wide GAFA tax proposal, officials said..

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