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Sorrell sees off WPP in takeover race

Sir Martin Sorrell has seen off competition from WPP, the firm he ran for three decades, with the first acquisition for his new rival venture-sorrell sees off S4 Capital's purchase of Dutch digital production company MediaMonks is expected to be announced on Tuesday. Earlier this month, WPP threatened to take away share awards worth about £20m…
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Boeing strikes aircraft deal with Brazil’s Embraer

Boeing has agreed a deal that will give it control of Embraer's commercial jet business. The proposed joint venture will give the US aerospace giant a significant stake in the market for smaller passenger planes. Boeing has been courting Brazil's Embraer for some time. The need for a deal has recently become more pressing since its European…
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Harley-Davidson to shift some bike production outside US

Harley-Davidson plans to shift some motorcycle production away from the US to avoid the "substantial" burden of European Union tariffs. Last week the EU introduced retaliatory tariffs on US goods, including bourbon, orange juice and motorcycles. Wisconsin-based Harley-Davidson has assembly plants in Australia, Brazil, India and Thailand. The…
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General Electric faces fines over French jobs pledge

France is threatening to take the unusual step of fining General Electric if it fails to create a set number of jobs in the country-general electric faces It is claimed the US industrial giant will renege on a pledge to produce 1,000 new jobs by the end of the year. The Labour minister Muriel Penicaud said GE would face a €50,000 penalty for…
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