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Asian shares, dollar gain after U.S. Senate passes budget plan

TOKYO Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

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Australian car manufacturing ends as GM Holden closes plant

SYDNEY Australia's near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.

2:43am EDT

Kobe Steel crisis deepens as plant inspected for breach of industrial law

TOKYO One of Kobe Steel Ltd's copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discovering widespread tampering of product data.

4:22am EDT

SoftBank's big checks are stalling tech IPOs

LAGUNA BEACH, Calif. Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year.

Tech, Deals Oct 19 2017

Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

MEXICO CITY The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.

Oct 19 2017

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

Deals, Money Oct 19 2017

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