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Business San Diego-based Sempra Sempra Energy Texas U.S. 

Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire

August 21, 2017 (Reuters) – Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett’s Berkshire Hathaway Inc. San Diego-based Sempra expects to own about 60 percent of a reorganized Energy Future after the transaction that is valued at $18.8 billion, including Dallas-based Oncor’s debt, it said late on Sunday. The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped…

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bill Business state Taiwan Foxconn Wisconsin Republican-controlled 

Taiwan’s Foxconn to build three ancillary facilities as part of Wisconsin LCD campus

August 21, 2017 TAIPEI (Reuters) – Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020. Foxconn, which makes electronics under contract for clients such as Apple Inc , announced its $10 billion plan at the White House in July, saying the LCD plant would occupy 1,000 acres in the state’s south east. Foxconn, formally Hon Hai…

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Breitbart goes after McMaster

Breitbart News, the media outlet helmed by President Trump’s former chief strategist Stephen Bannon, published an article on Sunday casting national security adviser H.R. McMaster as soft on Islamist extremism and terrori… Powered by WPeMatico

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Automotive News Business FCA Fiat Chrysler Jeep report 

China’s Great Wall confirms interest in Fiat Chrysler

August 21, 2017 By Brenda Goh and Norihiko Shirouzu SHANGHAI/BEIJING (Reuters) – China’s Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands. There has been speculation over Chinese interest in FCA since Automotive News reported last week that an unidentified “well-known Chinese automaker” made an offer earlier this month, triggering a jump in FCA’s Milan-listed shares. “With respect to this case,…

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Business Europe India VW 

VW in no hurry to sell assets, investments more important

August 21, 2017 By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany (Reuters) – Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters. Analysts and bankers have been expecting Europe’s biggest carmaker to sell assets soon to help meet the cost of its diesel emissions test cheating scandal, which has already reached as much as $25 billion. But Thomas Sedran said the German company was in no hurry…

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