Business

Foxconn deal with Wisconsin lowers tax breaks to $80 million

Foxconn Technology Group will be eligible for just $80 million in taxpayer subsidies under a new contract signed Tuesday, down from nearly $3 billion it could have received under the original deal that envisioned a much larger ...

Business

Foxconn, Wisconsin reach new deal on scaled back facility

Foxconn Technology Group, the world's largest electronics maker, has reached a new deal with reduced tax breaks for its scaled back manufacturing facility in southeast Wisconsin, Gov. Tony Evers and the the company announced ...

Automotive

Volkswagen reaches wage deal with German workers

Volkswagen and Germany's largest industrial union have agreed on a 23-month wage deal that provides a 1,000 euro bonus recognizing employee efforts during the coronavirus pandemic and a 2.3% wage increase from January 2022.

Business

Ottawa, Air Canada reach Can$5.9 bln aid agreement

The Canadian government and Air Canada announced Monday they have reached a financial aid plan in the form of loans to help the country's largest airline recover from the coronavirus pandemic.

Business

Air Canada, Transat call off merger deal

Air Canada has called off its planned takeover of tour operator Transat over EU regulatory hurdles, they announced Friday—scuppering a deal that would have created a domestic giant with a 60 percent share of the Canadian ...

Business

News Corp. buys Houghton Mifflin Harcourt books division

In the latest news of consolidation in the literary world, Rupert Murdoch's News Corp. announced Monday it's buying Houghton Mifflin Harcourt's book-publishing division, which includes such blockbuster releases as J.R.R. ...

Business

China regulator fines 12 firms over anti-monopoly law

China's market regulator said Friday that it fined a dozen companies, including games company Tencent Holdings and Chinese search engine firm Baidu Inc., for not disclosing past deals as authorities step up anti-monopoly ...

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Deal

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