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Car parts group Valeo drops 2020 targets, gets 1 billion euros of new credit lines
PARIS (Reuters) – French car parts group Valeo <VLOF.PA> abandoned its 2020 financial targets on Tuesday because of the hit to its business from the coronavirus outbreak, although it got 1 billion euros ($1.1 billion) in extra credit lines to shore up its finances. “Given the drop in business activity, which began to impact Valeo’s […]
Starboard nominates minority slate of directors to eBay board: WSJ
(Reuters) – Activist investor Starboard Value LP has nominated a minority slate of directors to eBay Inc’s board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. It privately nominated the slate of directors recently, the report said, adding that if the two sides do not reach a settlement, the nominees […]
Coronavirus upends global food supply chains in latest economic shock
By Rajendra Jadhav, Naveen Thukral and Nigel Hunt SATARA, India, SINGAPORE, LONDON (Reuters) – In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows. It’s not a treat. They can either feed their crops to animals or […]